GFIA Global Federation of Insurance Associations

Bermuda is not only known for its stunning beaches and colourful houses, but is also home to one of the largest and most developed (re) insurance hubs in the world. Created in 2011, Bermuda International Long Term Insurers and Reinsurers - BILTIR serves 70+ member companies on the island. https://www.linkedin.com/feed/update/urn:li:activity:7242439123620274177

Today, we are delving into Japan’s insurance industry. The General Insurance Association of Japan (GIAJ) was established in 1946 but its origin can be traced back to 1917. The GIAJ promotes the sound development and maintains reliability of the general insurance business in Japan, and thus contributes to a secure and safe society. https://www.linkedin.com/feed/update/urn:li:activity:7239573375000489986

Ensuring the fair treatment of consumers: Global Federation of Insurance Associations (GFIA) responds to IAIS - International Association of Insurance Supervisors paper. https://www.linkedin.com/feed/update/urn:li:activity:7245412255574429696

Today, we’re shining the spotlight on Greece’s insurance industry. The Hellenic Association of Insurance Companies | Ένωση Ασφαλιστικών Εταιριών Ελλάδος has represented the industry for 117 years! https://www.linkedin.com/feed/update/urn:li:activity:7237199182082576385

The Global Federation of Insurance Associations (GFIA) sent a letter to the OECD - OCDE regarding its Global Anti-Base Erosion (GloBE) Rules. https://www.linkedin.com/feed/update/urn:li:activity:7231329692463628288

Today, we embark on a journey to Turkey to explore Türkiye Sigorta Birliği, which plays a strategic role in its country's economic and social development through its focus on the insurance and private pension sector. It represents 72 active members, which include 48 non-life, 20 life/pension, and 4 reinsurance companies. https://www.linkedin.com/feed/update/urn:li:activity:7219599741314109440

Today, let’s delve into the world of the Association for Savings & Investment South Africa (ASISA), an industry association that represents the South African savings and investment industry, which includes life insurers. https://www.linkedin.com/feed/update/urn:li:activity:7216795800134152192

Today, we travel to the United States to explore the American Council of Life Insurers - ACLI, the leading trade association driving public policy and advocacy on behalf of the life insurance industry. https://www.linkedin.com/posts/global-federation-of-insurance-association_today-we-travel-to-the-united-states-to-activity-7214184442980921346-z4JD?utm_source=share&utm_medium=member_desktop

GFIA has responded to a consultation by the International Association of Insurance Supervisors on its Holistic Framework. In its response, GFIA argues that only when meeting established risk-based criteria and in proportionate manner should insurers be required to contribute to a supervisor’s resolution plan or submit a recovery plan. In addition, GFIA argues that Recovery and Resolution Planning (RRP) supervisory requirements should be coordinated across jurisdictions and not be duplicative or overlapping. https://www.linkedin.com/posts/global-federation-of-insurance-association_global-federation-of-insurance-associations-activity-7213470150358876160-MoZQ?utm_source=share&utm_medium=member_desktop