The event commenced with a pre-recorded keynote address by Her Majesty Queen Máxima of the Netherlands in her capacity as the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA). Queen Máxima emphasised the significant role of insurance in fostering financial health and supporting sustainable development, encouraging the IAIS to further work on financial inclusion and to centre considerations on consumers.
IAIS leadership then shared updates on our ambitious work programme, including our strategic themes of climate risk, conduct and culture, digital innovation, diversity, equity and inclusion, financial inclusion and operational resilience. The committee chairs also gave a glimpse into the future, outlining what’s on the IAIS agenda for the next six months, notably the much-anticipated adoption of the Insurance Capital Standard (ICS) in December.
Distinguished speakers joined our panels, exploring topical themes currently shaping the insurance sector. They examined insurers’ asset management in a shifting interest rate environment and discussed the implications of artificial intelligence, including how supervisory tools can be used to address emerging risks from its deployment in the insurance sector.