More than a month ago the Global Federation of Insurance Associations (GFIA) took part in the landmark G20 Insurance Forum organised by Argentina’s National Superintendence of Insurance. Now the federation has published its annual report, which outlines GFIA’s role as the voice of the global insurance industry.
The nearly 40-page report shines a spotlight on what GFIA has been up to as it supports the Argentinian G20 presidency and its goals, particularly when it comes to infrastructure investment.
It is packed with 16 articles authored by the likes of the Association of British Insurers’ Hugh Savill, who also serves as chair of GFIA’s capital working group; Insurance Europe’s Nicolas Jeanmart, systemic risk working group chair; and Masamichi Kono, deputy secretary-general of the Organisation for Economic Cooperation and Development.
Over the past 12-month period the federation has provided input to consultations by international bodies such as the Financial Stability Board, the International Association of Insurance Supervisors (IAIS), and the Financial Action Task Force.
GFIA’s report also featured IAIS secretary general Jonathan Dixon, who shared what lies ahead as the association prepares to embark on a new strategic direction. In addition, the document delved into topics like cybersecurity, financial inclusion, and disruptive technology.
“It is with great pleasure that I reflect on just how much we have achieved together in the six short years since GFIA was founded,” commented vice president Recaredo Arias. “Most importantly, I take pleasure in being able to look ahead knowing that GFIA is firmly established at the highest level on the world stage and that its raison d’être is clear and its future is secure.”
Established in 2012, the federation represents the interests of insurers and reinsurers in 61 countries through its 42 member associations.
