On March 27 and 28, the XXIII Annual Conference on Insurance Regulation and Supervision in Latin America ASSAL–IAIS 2025 was held, an event organized by the Association of Latin American Insurance Supervisors (ASSAL), the International Association of Insurance Supervisors (IAIS), and the Superintendency of Insurance of the Nation (SSN) in Buenos Aires, Argentina. This event was aimed at both insurance supervisors and members of the insurance and reinsurance industry, and also brought together various leaders, regulatory experts, and industry members from across the region.
The Conference provided a safe space for the exchange of ideas and experiences in an ever-evolving environment. The event featured the participation of prominent representatives from the Argentine government, supervisory entities from the region, insurance companies, and distinguished academics related to the sector. Over two intensive days, keynote lectures, panels, roundtables, and presentations were held, covering a wide range of topics relevant to insurance regulation and supervision in Latin America.
In his welcome remarks, Superintendent Guillermo Plate mentioned that the objective is to strengthen supervision in the fundamental and functional aspects of the industry, highlighting the need to eliminate inefficient regulations, as well as to create opportunities for continuous communication with the market, and to reinforce the exchange of knowledge and collaboration with supervisory bodies in the region, promoting the modernization and efficiency of the insurance sector.
Next, Tomás Soley, President of ASSAL and Superintendent of the General Superintendency of Insurance of Costa Rica (SUGESE), highlighted the importance of promoting insurance in properly regulated markets and ensuring that citizens can access more and better insurance products. Likewise, he acknowledged the significant efforts of insurance authorities and industry members to raise the standards of good practices within their regulatory and supervisory frameworks.
Following this, Conor Donaldson, Head of Implementation and Assessment at IAIS, delivered a brief speech on the importance of reducing protection gaps through innovative insurance products, as well as the latest updates to the IAIS roadmap for 2025–2026.
One of the highlights of the Conference was the intervention of Minister Luis Caputo, who outlined Argentina’s progress in insurance regulation and announced a significant agreement for the country’s economy. Likewise, the main regulatory jurisdictions from Latin America present at the Conference presented in the “Roundtable: Trends in Regulation” the key challenges in supervising emerging markets and promoting their growth.
Similarly, a notable milestone of the Conference was the intervention of the Superintendent of Insurance of Argentina, Guillermo Pedro Plate, who read the speech of Thomas E. Workman (an independent member with insurance expertise from the Financial Stability Oversight Council (FSOC) of the United States Department of the Treasury), discussing current developments in supervision and the U.S. financial markets and their regional and global implications.
In addition to formal sessions, the Conference offered opportunities for participants to network and build connections, fostering collaboration and the continuous exchange of knowledge even after the event concluded.
On the other hand, on March 26, the Ninth ASSAL–IAIS–FSI High-Level Meeting on Insurance Supervisors was held, an event organized by the Association of Latin American Insurance Supervisors (ASSAL), the International Association of Insurance Supervisors (IAIS), and the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS) in Buenos Aires, Argentina. The event brought together heads of supervisory authorities and senior officials representing 19 jurisdictions from the Americas and Europe, as well as senior officials from the private sector.
The following topics were addressed: reforms and implementation of insurance regulation in Latin America; supervision of climate-related financial risks in the insurance sector; and the role of supervisors in reducing protection gaps against natural disasters.
Superintendent Guillermo Plate delivered the welcome remarks, emphasizing the importance of the SSN serving as a forum to discuss international advances in insurance regulation and supervision, as well as regional priorities. Subsequently, IAIS Secretary General Jonathan Dixon delivered a special speech on the evolution of the global insurance market, including the recently finalized Global Insurance Capital Standard, and presented the IAIS roadmap for 2025–2026.
Tomás Soley, President of ASSAL and Superintendent of the General Superintendency of Insurance of Costa Rica (SUGESE), and FSI Vice President Juan Carlos Crisanto highlighted that closer international and regional cooperation, particularly the active exchange of practices and experiences, is key for the effective implementation of international insurance standards in Latin America. They also acknowledged the significant efforts of insurance authorities to integrate climate-related financial risks into their regulatory and supervisory frameworks.
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Below, you can enjoy the photos from the event:
