IAIS Issues Global Insurance Market Report for 2017
IAIS issued the 2017 issue of the Global Insurance Market Report (GIMAR). The report discusses the global (re)insurance sector from a supervisory perspective, focusing on the sector performance and key risks.
The report begins by analyzing the overall macroeconomic and financial environment. Next, it focuses on global insurance and reinsurance market developments, while covering a variety of special topics on regulatory, financial, and economic developments and risks. One special topic looks at the investment markets and insurance investments, while others discuss public disclosure under Solvency II and the catastrophe risk modeling practices in Bermuda. The emerging market topics explore the importance of financial education and inclusion for emerging insurance markets, along with the digital innovations in the insurance market in India. Finally, the report summarizes the IAIS survey of the global reinsurance market. It documents a unique global data set made possible by the participation of 47 reinsurers in nine jurisdictions in North America, Europe and Asia, in addition to linking the financial position of reinsurers to the broader financial economy.
Keywords: International, Insurance, GIMAR, Solvency II, IAIS
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