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IAIS Chairman welcomes IAA's role in future global insurance regulation |
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IAIS Chairman, Peter Braumüller, identified several areas for mutual cooperation between the IAA and IAIS during his address to the IAA Council on October 12, in Vienna, Austria. Mr. Braumüller highlighted the similarities of purpose of the two organizations in various areas including standard setting, standard implementation, financial stability and external interaction. IAIS Standard Setting Goal
IAIS Standard Implementation Goal
IAIS Financial and Insurance Market Stability Goal
IAIS External Interaction Goal
Mr. Braumüller concluded that the IAIS and IAA strategic directions have many similarities. He remarked that, throughout the IAIS’s history, the IAA has played an important role and he expects it will continue to play an even more important role in the future. The full text of Mr. Braumüller’s address is available online. The International Association of Insurance Supervisors (IAIS), was established in 1994 and represents insurance regulators and supervisors of some 190 jurisdictions in nearly 140 countries; it has been an Institutional Member of the IAA since 2000. |
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The International Actuarial Association (IAA) is the worldwide association of professional actuarial associations, with a number of special interest sections for individual actuaries. The IAA exists to encourage the development of a global profession, acknowledged as technically competent and professionally reliable, which will ensure that the public interest is served. |
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International Actuarial Association | Association Actuarielle Internationale 150 Metcalfe Suite 800 Ottawa, ON Canada K2P 1P1 Tel: 1-613-236-0886 | Fax: 1-613-236-1386 secretariat@actuaries.org | www.actuaries.org |