international association of financial insurance

Capital standards

So that insurers can continue their role as major long-term investors in the economy, it is vital that policymakers set capital requirements for insurers’ investments at the right level. If those requirements are too high, it could become too expensive for insurers to continue making the long-term investments that underpin much of the global economy. IAFI represents the industry in various international discussions about capital requirements to ensure that they are set at an appropriate level and reflect the real risks faced by insurers.

IAFI was established at a meeting of insurance associations in Washington on 9 October 2012, to increase industry effectiveness in providing input to international regulatory bodies and to contribute more effectively to the international dialogue on issues of common interest. It had been preceded by an informal network, the International Network of Insurance Associations (INIA), which had been active since 2008. Through its 40 member associations and 1 observer association, IAFI represents the interests of insurers and reinsurers in 67 countries. These companies account for around 89% of total insurance premiums worldwide. IAFI is incorporated in Switzerland and its secretariat is based in Brussels.

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