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GFIA engages with G-20 and global leaders

Source: Asia Insurance Review | Dec 2016

In its latest annual report, the Global Federation of Insurance Associations (GFIA) has noted the important role that the insurance sector continues to play in underpinning the Global-20 (G-20) goals of growth and investment, as well as GFIA’s continued engagement with the G-20 presidency, which this year was held by China. 
 
   The report also outlines GFIA’s engagement in several regulatory areas, including global insurance capital standards, taxation and trade. 
 
Turkey Insurance Association is new member
Meanwhile, following its general assembly, the GFIA announced that the Turkish Insurance Association has become a member. GFIA membership executive, Robert Whelan, said: “It is with great pleasure that we welcome our colleagues in the Turkish Insurance Association into the federation, and we look forward to their contributions to our discussions.”
 
   The GFIA also announced the election of its executive committee (ExCo) with Governor Dirk Kempthorne, president and chief executive officer of the American Council of Life Insurers, as president and Mr Recaredo Arias, director general of the Association of Mexican Insurance Companies, as vice-president. 
 
   GFIA was founded in Washington, DC on 9 October 2012 by 32 life and health, property and casualty, and reinsurance associations. It now includes 41 member associations, representing the interests of insurers and reinsurers in 60 countries.
 
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