Thursday, December 17, 2020
Instead of Chilean wine in Santiago as originally planned, over 1000 attendees of the 2020 International Association of Insurance Supervisors (IAIS) Annual Conference settled in for coffee and a laptop as the virtual meeting kicked off on December 3. The IAIS is an international standard-setting body comprised of insurance supervisors and regulators from more than 200 jurisdictions. It is responsible for developing and assisting in the implementation of principles, standards and other supporting material for the supervision of the global insurance sector.
Day one of the IAIS Annual Conference featured a town hall discussion with IAIS leadership. The overarching messages focused on the impact of COVID-19 and the path forward in 2021. IAIS leaders extolled the utility of the IAIS’ post-financial crisis reforms in monitoring and responding to the COVID crisis. The results of the IAIS’ monitoring and analysis are: