Aggregate systemic risk scores of the global insurance sector declined slightly compared to last year’s analysis, remaining well below that of banks. In addition to an aggregate overview of insurers’ solvency, profitability and liquidity, the report shares in-depth an...
Learn MoreToday, the IAIS launched its second consultation in a series that aims to promote a globally consistent supervisory approach to climate-related risks. Climate change is a key strategic theme for the IAIS as it is a source of financial risk, which impacts the resilience of individual insurers and ...
Learn MoreChina has forged deep economic ties with countries in sub-Saharan Africa over the past 20 years, making it the region's largest single country trading partner. China buys one-fifth of the region’s exports—metals, minerals, and fuel—and provides most of the manufactured goods and machinery im...
Learn MoreBasel, Switzerland / GIFT City-IFSC, Gandhinagar, India – The International Financial Services Centres Authority (IFSCA) in Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) has become a member of the International Finance and Insurance Association (I...
Learn MoreYour Royal Highness, Crown Prince Tupoutoʻa ʻUlukalala, Deputy Prime Minister and Acting Prime Minister of Tonga, Honourable Samiu Kuita Vaipulu, Honourable Chair, Dr Saia Ma’u Piukala, The Pacific Community Deputy Director-General, Dr Paula Vivili, Honourable Ministers,...
Learn MoreAlthough the United Kingdom is expected to avoid a recession this year, the country faces a challenging economic outlook. The energy price shock due to Russia’s war in Ukraine has disrupted the recovery, with growth projected at a modest 0.4 percent in 2023 and 1 percent in 2024. The terms of tra...
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