1、2021GLOBAL INSURANCE MARKET REPORT GIMARAbout the IAIS The International Association of Insurance Supervisors(IAIS)is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions.The mission of the IAIS is to promote effective and globally consistent s
2、upervision of the insurance industry in order to develop and maintain fair,safe and stable insurance markets for the benefit and protection of policyholders and to contribute to global financial stability.Established in 1994,the IAIS is the international standard-setting body responsible for develop
3、ing principles,standards and other supporting material for the supervision of the insurance sector and assisting in their implementation.The IAIS also provides a forum for Members to share their experiences and understanding of insurance supervision and insurance markets.The IAIS coordinates its wor
4、k with other international financial policymakers and associations of supervisors or regulators,and assists in shaping financial AcronymsCDS Credit default swapCLO Collateralised loan obligationGIMAR Global Insurance Market ReportGME Global Monitoring ExerciseGRMS Global reinsurance market studyIAIS
5、 International Association of Insurance SupervisorsIIM Individual insurer monitoringMA Matching adjustment MGVP Minimum guarantees on variable productsM&A Mergers and acquisitions ORSA Own risk and solvency assessmentPE Private equityP&C Property and casualtySIFI Systematically important financial i
6、nstitutionSWM Sector-wide monitoringsystems globally.In particular,the IAIS is a member of the Financial Stability Board(FSB),member of the Standards Advisory Council of the International Accounting Standards Board(IASB),and partner in the Access to Insurance Initiative(A2ii).In recognition of its c