21 March 2023
Diversity, equity and inclusion (DEI) are priorities for the global (re)insurance industry, and GFIA and its members are committed to encouraging and promoting them across the sector. With that in mind, GFIA has published a set of principles on DEI.
Various GFIA members are undertaking efforts to support DEI and financial education; to raise insurance penetration to help build developing economies; and to share best practices and resources with interested markets. Their initiatives are developed with specific national features in mind, such as the regulatory frameworks, demographics, legal systems and local consumer needs, which can all differ significantly between jurisdictions.
GFIA welcomes the commitment of the International Association of Insurance Supervisors (IAIS) to continue its work on DEI. GFIA stands ready to engage on this topic with the IAIS and other international organisations and standard-setters, such as the G20. GFIA recognises that, while financial inclusion and access to insurance have been a subject of considerable work by the IAIS and numerous other international organisations, the development of policy on DEI will necessitate broad consideration and consensus, at both national and international levels.