International Insurance Associations and forums

Group Presentation :
• Aagya Mishra
• Asha Kumari Singh
• Abhinab Bahadur Sakya
• Amir Lama
• Basanta Khanal
• Nurbhu Tshering Gurung
• Sanjeela Joshi
Title and Content
o South Asian Insurance Regulators Forum
o Global Federation of Insurance Association
o The Geneva Association
o SS Huebner Foundation in Insurance sector
South Asian Insurance Regulators Forum
SAIRF was established in 2001 with the objectives of sharing
experiences and to bring uniformity in financial information
procedure and legal provisions of insurance sector in the South
Asian region. The first meeting of the board was held in Sri Lanka
and the second meeting was held in New Delhi in 2004. The
meeting was chaired by Madhav Prasad Upadhaya, chairman of
the Insurance Authority of Nepal.
South Asian Insurance Regulators Forum
• to provide technical expertise for capacity- building within
regulatory agencies and the industry;
• to develop and publish guidelines, manuals, codes of conduct
and other publications on current and emerging insurance-
related regulatory issues;
• to liaise with the International Association of Insurance
Supervisors and other international, inter-governmental and
regional organizational dealing with insurance-related or trade
issues.
South Asian Insurance Regulators Forum
Ordinary meetings
A meeting of the Assembly shall be held at least once in every calendar year.
Special meetings
Special meetings of the Assembly shall be held at a time and place to be
decided by the Chairman on written demand of not less then one-half of the
member bodies, stating the purpose of the meeting.
Vote
 Each member body shall have one vote.
 Decisions of the Assembly shall be taken by a simple majority of those
present and voting. Voting shall be by show of hands, unless a poll is
requested.
Global Federation of Insurance Association
o The global federation of insurance association (GFIA) was established on 9 October
2012.
o The Global Federation of Insurance Associations (GFIA) is a non-profit association
established to represent national and regional insurance associations that serve the
general interests of life, health, general insurance and reinsurance companies and to
make representations to national governments, international regulators and others on
their behalf.
o There are 41 member Associations represent insurers that account for around 87% of
total insurance premiums worldwide.
o They are active in commenting on broad range of issues affecting the international
insurance industry.
o Including the developments in the systematic risk debate, the common framework for
the supervision of international groups, market conduct, trade issues and initiatives in
relation to financial inclusion and anti money laundering.
Global Federation of Insurance Association;
Mission Statement
o represents member association's interests to, among others, international regulatory
groups, standard-setters and governments to increase the industry's effectiveness;
o contributes to an international dialogue on issues of common interest by formalizing
contact, cooperation and dialogue among national and regional insurance associations;
o co-operates with other international organizations, particularly those representing the
insurance industry;
o shares non-commercially sensitive information and research; and
o provides information on positions taken by the federation.
Members

o the GFIA has 42 national and regional member associations. 

o The GFIA represents national and regional insurance associations that serve the
general interests of life, health, general insurance and reinsurance companies and
advocate to national governments and international regulators and others on their
behalf.
o Africa : 4 national member associations
o Asia : 5 national member associations
o Oceania : 2 national member associations
o America: 13 national and regional member associations
o Europe : 16 national and regional member
Geneva Association
o The Geneva Association is the leading international insurance “think tank” for strategically important insurance
and risk management issues.
o The Geneva Association identifies fundamental trends and strategic issues where insurance plays a substantial
role or which influence the insurance sector.
o The Geneva Association has been carrying out its research role for the past 46 years and established
a global reputation for high-quality and forward-looking work.

Think Tank*: a body of experts providing advice and ideas on specific political or economic problems
Roles:
In its role as the leading international think tank of the insurance industry, The
Geneva Association:
o detects early ideas and emerging debates on political, economic and societal
issues concerning our industry
o inspires and initiates further research into and analysis of such issues
o organizes debates on the issues detected
o publishes research results and analysis and pushes underlying ideas among
clearly defined target groups.
The Geneva Association carries out this role through six research programs: 
• Financial Stability and Regulation, 
• Extreme Events and Climate Risk
• Global Ageing
• Cyber
• Protection Gap
• Digitalization
The S. S. Huebner Foundation for Insurance

o The S. S. Huebner Foundation for Insurance Education was established in

1940.
o The Huebner Foundation has supported promising doctoral students
pursuing careers in insurance and risk management education
o Promoted research addressing important policy and business issues
related to risk and insurance.
o In 2012, the Huebner Foundation relocated from the Wharton School to
the Department of Risk Management and Insurance at Georgia State
University, and continues its mission to support doctoral education in the
areas of risk and insurance
S. S. Huebner Foundation for Insurance
o The Huebner Foundation was established in 1940 to develop insurance
education at the collegiate level by increasing the number of college faculty
who teach insurance and enrich the literature in the field.