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International Association of Insurance Supervisors

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The International Association of Insurance Supervisors (IAIS) was established in 1994. The IAIS represents insurance regulators and supervisors of some 190 jurisdictions in nearly 140 countries, constituting 97% of the world's insurance premiums. It also has more than 120 observers. Its objectives are to:

 

·         Cooperate to contribute to improved supervision of the insurance industry on a domestic as well as on an international level in order to maintain efficient, fair, safe and stable insurance markets for the benefit and protection of policyholders

 

·         Promote the development of well-regulated insurance markets

 

·         Contribute to global financial stability

 

Please visit our website which is designed to provide you with an overview of the activities of the IAIS and give you access to its publications.

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From The Glossary »

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Claims Handling Expenses:

The internal and external expenses incurred in the investigation, adjustment, and settlement of claims. Provision is made for such expenses in case basis claim provisions.
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