{"id":285026,"date":"2026-01-27T13:33:46","date_gmt":"2026-01-27T07:48:46","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=285026"},"modified":"2026-01-27T13:35:06","modified_gmt":"2026-01-27T07:50:06","slug":"iaiss-global-plan-to-strengthen-insurance-supervision-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/iaiss-global-plan-to-strengthen-insurance-supervision-2\/","title":{"rendered":"IAIS&#8217;s Global Plan to Strengthen Insurance Supervision"},"content":{"rendered":"<p>Kathmandu. The International Association of Insurance Supervisors (IAIS) has released its new strategic document &#8216;IAIS Roadmap 2026&#8242; with the aim of making the global insurance sector safe, stable and trustworthy. 27&#8217; has been released. The roadmap provides a clear direction on how insurance supervision will be made more robust, risk-sensitive and future-oriented over the next two years. <\/p>\n<p>According to the IAIS, the need of the hour is to make the supervision system timely in view of the emerging risks in the global insurance market, digital transformation, the climate crisis and changes in capital structure. <\/p>\n<p><span style=\"color: #0000ff\"><strong> More stringent on risk identification of insurance markets<\/strong><\/span><\/p>\n<p>}<\/p>\n<p>According to the new roadmap, IAIS plans to strengthen the Global Insurance Market Monitoring Exercise (GME). It will conduct an in-depth analysis of the growing structural risks in areas such as life insurance, reinsurance and alternative asset-based investments. In particular, the IAIS will create an environment in which supervisors can recognize the impact of new business models and risk-shifting trends on long-term financial stability. <\/p>\n<p><span style=\"color: #0000ff\"><strong>Concrete steps towards implementation of insurance capital criteria<\/strong><\/span><\/p>\n<p>Another important aspect of the IAIS roadmap is the plan to make the Insurance Capital Standard (ICS) more effective in practice. The standards for capital adequacy, risk measurement and public disclosure for internationally active insurance groups will be made more clear and transparent. This is expected to help not only insurance companies but also regulators to strengthen risk-based supervision systems. <\/p>\n<p><span style=\"color: #0000ff\"><strong>Not only standardizing, but also evaluating the implementation of {<\/strong>{<\/span><\/p>\n<p>The IAIS will no longer be limited to the formulation of policies and standards, but will conduct a systematic assessment of how effectively these standards are being implemented in the member states. <\/p>\n<p>From 2026, self-assessment and basic review of frameworks such as ICS and COMFRAME will be introduced. It will give a clear picture of the level of insurance supervision in different countries. <\/p>\n<p><span style=\"color: #0000ff\"><strong>Special focus on climate, digital and cyber risks<\/strong><\/span><\/p>\n<p>Rodman has put three strategic priorities at the center. <\/p>\n<ul>\n<li>Climate change and natural disaster risk<\/li>\n<li>Digital Innovation &amp; Cybersecurity<\/li>\n<p>}<\/p>\n<li>Strengthening the social and economic role of insurance<\/li>\n<p>}<\/p>\n<\/ul>\n<p>IAIS has made it clear that these issues will now be taken forward as the &#8220;main agenda&#8221; of the Insurance Supervision. <\/p>\n<p><span style=\"color: #0000ff\"><strong>Opportunities for Developing Countries<\/strong><\/span><\/p>\n<p>}<\/p>\n<p>The IAIS will further expand capacity-building, training, guideline and experience sharing programmes for developing and emerging economies. <\/p>\n<p>For regulatory bodies and insurance professionals in countries like Nepal, this roadmap is seen as an important opportunity to align themselves with international practice. <\/p>\n<p><span style=\"color: #0000ff\"><strong>Message to Insurance Sector in Nepal<\/strong><\/span><\/p>\n<p>}<\/p>\n<p>According to experts, the new roadmap has given a clear message to the Nepali insurance sector to prioritize risk identification and management, strengthen capital and governance systems in line with international standards, and take digital, climate and cyber risks as &#8216;present challenges, not the future&#8217;. <\/p>\n<p>Overall, the roadmap signals that global insurance supervision will become more proactive, responsive and future-focused. Its impact is expected to be gradually seen in developing insurance markets including Nepal. <\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. The International Association of Insurance Supervisors (IAIS) has released its new strategic document &#8216;IAIS Roadmap 2026&#8242; with the aim of making the global insurance sector safe, stable and trustworthy. 27&#8217; has been released. The roadmap provides a clear direction on how insurance supervision will be made more robust, risk-sensitive and future-oriented over the next [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":267517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-285026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=285026"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285026\/revisions"}],"predecessor-version":[{"id":285027,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285026\/revisions\/285027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/267517"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=285026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=285026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=285026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}