IAIS issues statement on the importance of DE&I considerations in insurance supervision

Today the IAIS issued a statement recognising the importance of Diversity, Equity and Inclusion (DE&I) considerations to the objectives of insurance supervision and consequently to the IAIS’ mission.

There is growing acknowledgment that advancing DE&I within insurers’ organisations and business models supports sound prudential and consumer outcomes and sustainability objectives. DE&I also touches on several strategic themes identified in the IAIS Strategic Plan 2020-2024. It is particularly relevant to conduct and culture, but also to financial inclusion and sustainable economic development as well as technological innovation.

The IAIS will prioritise work on DE&I as it relates to these strategic themes, by supporting insurance supervisors’ and the insurance sector’s efforts to further consider and take actions on DE&I issues.