Formed in 1994, the International Association of Insurance Supervisors
(IAIS) represents insurance supervisory authorities from over
100 international jurisdictions. The IAIS develops international
standards for insurance supervision, provides training to its
members, and fosters cooperation between insurance regulators,
as well as forging dialogue between insurance regulators and
regulators in other financial and international sectors.
The NAIC's International Insurance Relations (G) Committee
supports the work of the IAIS by participating in Executive,
Technical and other relevant Committee meetings, and by drafting
and commenting on papers that deal with international solvency
supervision, accounting standards, reinsurance regulation and
other issues of regulation of the business of insurance. Members
of the Committee also attend the IAIS annual conference and interim
meetings, and present information on relevant topics at regional
training programs.
The NAIC assisted with the revision of the Insurance Core Principles
that are utilized within the Financial Sector Assessment Program
(FSAP) by the World Bank and IMF. The NAIC completed a self-assessment
using these principles in June 2004.
IAIS Web Site |