At its AGM, the International Association of Insurance Supervisors (IAIS) announced a new organisational structure on the committee level, alongside new leadership. The changes will be effective 1 January 2026.
In the new committee-level organisational structure, the current Macroprudential (MPC), Policy Development (PDC) and Implementation and Assessment (IAC) Committees will be replaced by:
- Monitoring and Risk Assessment Committee (MRC), which will continue the IAIS’ focus on monitoring and assessing global insurance sector developments and risks and detecting the possible build-up of systemic risk in the global insurance sector.
- Standards and Supervisory Practices Committee (SSC), which will be responsible for setting and maintaining IAIS global standards, but also for supporting Members in implementing these standards and promoting good supervisory practices.
- Implementation Assessment Committee (IAC), which will focus exclusively on assessing the globally consistent and comprehensive implementation of IAIS standards.
This reallocation of responsibilities ensures a closer alignment with the IAIS’ core objectives outlined in the Strategic Plan 2025-2029. It also reflects the IAIS’ shift in emphasis from standard-setting to implementing and assessing agreed standards.
The new structure will streamline responsibilities, enhance collaboration across committees and subcommittees, including through appropriate feedback loops, and provide engagement opportunities for a broad range of IAIS members, particularly from emerging market and developing economy jurisdictions.
The chairs of the new committees are:
- MRC Chair: Mr Dieter Hendrickx, Head of Prudential Policy Insurance, National Bank of Belgium
- SSC Co-Chairs: Ms Farzana Badat, Deputy Commissioner, Financial Sector Conduct Authority, South Africa and Ms Judi French, Director, Ohio Department of Insurance, USA
- IAC Chair: Ms Vicky White, Director of Insurance and Cross-Sectoral Policy, Prudential Regulation Authority, UK