Insurers well placed to support G20 in facilitating more sustainable and resilient economies

This afternoon, the president of the Global Federation of Insurance Associations (GFIA), Don Forgeron, together with members of GFIA’s executive committee and the president of the Associazione Nazionale fra le Imprese Assicuratrici (ANIA), Maria Bianca Farina, held a virtual meeting with the Italian Minister of Economy and Finance, Daniele Franco, who represented the G20 Italian presidency.
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IAIS should focus on sector-wide vulnerabilities not “systemic importance” of individual insurers

GFIA has today published its response to a consultation by the International Association of Insurance Supervisors (IAIS) on its draft application paper on macro-prudential supervision.
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ALM rules should not be applied to general insurance

GFIA has today published a position paper that reiterates its view that policymakers should follow the risk-based approach promoted by the Financial Action Task Force (FATF) when developing any new rules regarding anti-money laundering (AML) and combatting the financing of terrorism (CFT). 
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GFIA

The Global Federation of Insurance Associations (GFIA) was established on 9 October 2012. Our 41 member associations and 2 observer association represent insurers that account for around 89% of total insurance premiums worldwide, amounting to more than $4 trillion.

COVID-19: GFIA secretariat remains fully operational

The secretariat of GFIA remains fully operational, with all staff working remotely and meetings taking place via video/conference calls. Staff can be contacted via the usual email addresses and phone numbers.

GFIA has published a statement on COVID-19, which can be found here.

Information from GFIA's members can be found here.

Please all follow government guidance and stay safe.

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