GFIA statement in relation to Ukraine and ARIA

GFIA, which represents insurers that account for 89% of premiums worldwide, has terminated the membership of the All-Russian Insurance Association (ARIA). This reflects GFIA’s condemnation of the Russian government’s military actions in invading Ukraine.    
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Insurers call for refinements to OECD global minimum tax implementation rules

GFIA has publish its response to a consultation conducted by the Organisation for Economic Cooperation and Development (OECD) on its draft implementation framework for a global level of minimum taxation.
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Resolution regimes must reflect fact insurer failures are rare and have limited impact on financial stability

GFIA has responded to a consultation conducted by the Financial Stability Board on its practice papers on resolution funding and internal interconnectedness in resolution planning for insurers.
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The Global Federation of Insurance Associations (GFIA) was established on 9 October 2012. Our 40 member associations and 1 observer association represent insurers that account for around 89% of total insurance premiums worldwide, amounting to more than $4 trillion.

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