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📣 The #IAIS Year in Review 2023 is released today! The report highlights progress made over the past year to support our dual mission of #PolicyholderProtection and doing our part to maintain global #FinancialStability. “In the face of continued global challenges, insurance has a central role in mitigating and managing risks, supporting societies to enhance their resilience and generating sustainable growth,” said Jonathan Dixon, Secretary General of the IAIS. The Year in Review 2023 offers a comprehensive overview of:  🔷 Key achievements of the IAIS committees, working groups, task forces and forums in 2023 🔷 Consolidated overview of the work delivered that is increasingly #CrossSectoral and global in nature 🔷 Expanded #SocialResponsibility section sharing more detailed #DEI statistics 🔷 Quantifiable highlights in the “IAIS in numbers” 💥 There’s more! Discover what’s next for the IAIS in the graphical representation of the 2024 #Roadmap. 📑 Download the report: https://lnkd.in/eX4Baxvz #IAIS2024 #AnnualReport #insurance #InsuranceSupervisor #InsuranceNews #InsuranceSector

If you missed it, watch our first webcast on our new Gallagher services in the DB pension scheme space following the Buck acquisition. Helping improve member security, pricing and diversification of reinsurance risk in the BPA market

There are; in reality, a handful (maybe less if one considers a handful "5") "internationally acceptable" Ratings Agencies... we are pleased to support our partners with an Insurer carrying an "Excellent Rating". Contact us at: [email protected] to get more information! #mga #underwriting #binding #aviation #aviationinsurance

Thinking of Joining an Aggregator or Cluster? 🤔 While accessing more markets and financial incentives can be tempting, reading your agreement carefully before signing is crucial. Many agreements include language...... that imposes a 2-year restriction on your ability to independently operate your insurance agency. This restrictive covenant acts like a non-compete, limiting your freedom. I often highlight the differences between aggregators, clusters, and a network model like SIAA. At SIAA, you have the freedom to make the choices that are right for your agency beyond our alliance. 🔓 Choose Freedom, Choose SIAA #IndependentAgency #independentAgent #SIAA

In 2023, IGI effected a successful CEO transition and produced record financial results among a number of other achievements.   “I truly believe that we have a uniqueness in the set of values that we live by, call it the IGI culture, our DNA, or our corporate character,” says Executive Chairman Wasef Jabsheh in his letter to shareholders in the IGI 2023 Annual Report.   To read the full letter, click here: https://bit.ly/3VdXwj2   #insurance #reinsurance #insuranceindustry #2023 #annualreport

Hannover Re Q1 Group net income up by 15% to €558 million. #Reinsurance revenue rises to €6.7 billion. Large losses in property and casualty #reinsurance comfortably within budgeted and booked expectation. Result in life and health reinsurance in line with expectations Return on investment ahead of target at 3.3% Return on equity reaches 21.3%. Guidance for 2024 confirmed "We can look back on a rather benign quarter as regards large losses. We had a good start into the year, putting us on track to achieve our full-year profit target. At the same time, with the recent treaty renewals we have put in place a solid foundation for further profitable growth given the continued demand for high-quality and reliable risk protection in what is a challenging landscape." Jean-Jacques Henchoz https://lnkd.in/dgqFZR_V

OSTI 2023 report: short-term insurers with the highest and lowest personal lines complaints. Get full insights in the full article: https://buff.ly/4cEOVNx Share your thoughts in the comment section. Subscribe to our weekly newsletters to stay informed on the latest industry news. #annualreport #claims #complaints #OmbudsmanforShorttermInsurance #OSTI

AM Best is maintaining its outlook for the insurance markets of the Gulf Cooperation Council at Stable. In its view, increased economic activity and greater governmental fiscal maneuverability are positives for the region’s #insurance markets. Read here: https://bit.ly/4bdsgYB #insuranceindustry #GCC #GulfCooperationCouncil

Favorable market projections foresee prolonged advantageous conditions in reinsurance until 2025. Notable rate escalations and improved terms and conditions, especially in property markets, are expected to persist. Amid negotiations at the Rendez-Vous de Septembre, industry leaders highlight sustained momentum into 2024 and potentially 2025. Discussions revolve around maintaining quality, optimal capacity deployment, and aligning with clients' evolving needs. The focus remains on securing robust panels while capital raises indicate industry confidence in market longevity and strategic positioning. 📈🌐 #crire #reinsurance #insurance #insurancenews #insuranceupdates

The Chair of the IAIS Executive Committee Shigeru Ariizumi met with the Board and Global Reinsurance Forum of The Geneva Association in Japan this week. He updated them on the work of the #IAIS to finalise the Insurance Capital Standard, discussed trends in #Reinsurance markets impacting protection gaps, the digitalisation of the #InsuranceSector, and the IAIS’ work on asset intensive reinsurance. He received valuable feedback on those topics from GA members. #IAIS2024 #IAISNews #IAISLeaders #Insurance