Annual Meeting 2010
The silhouette of the world's tallest building, the Burj Khalifa, dominates the skyline of Dubai much like the aftermath of the global economic crisis dominated the deliberations of the 17th annual meeting of the International Association of Insurance Supervisors (IAIS), held October 27 to 29 in the United Arab Emirates.
From the Solvency II directive to discussions on the impact of IFRS on the insurance industry, the three-day event brought to the table some of the most significant issues insurers and reinsurers are facing in the global market.
With the theme of the conference being “The gateway to Trust in the Insurance Industry,” discussion focused upon lessons learned from the financial crisis, current and emerging market trends, and the action steps regulators from throughout the world are making to cast down regulatory boundaries across jurisdictions, while paving the way to greater cooperation and, ultimately, supervisory convergence during a financial environment that remains challenging.
Deloitte's IAIS Update provides insight on topics discussed at the annual meeting, including:
- The impact of international accounting standards on insurers
- Solvency II
- Market conduct
- Standards implementation
- Vision of future safety net and resolution framework
- Major action steps taken at the meeting
Download the IAIS Update below to learn more.