{"id":6984,"date":"2026-04-20T16:08:44","date_gmt":"2026-04-20T16:08:44","guid":{"rendered":"https:\/\/assalweb.org\/?p=6984"},"modified":"2026-04-20T16:08:44","modified_gmt":"2026-04-20T16:08:44","slug":"assal-fsi-iais-high-level-conference-2026","status":"publish","type":"post","link":"https:\/\/assalweb.org\/en\/assal-fsi-iais-high-level-conference-2026\/","title":{"rendered":"ASSAL\u2013FSI\u2013IAIS High-Level Conference Strengthens Insurance Supervision in Latin America and the Caribbean"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”]
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<\/div><\/div>[vc_column_text]On April 15\u201316, the ASSAL-IAIS-FSI High-Level Conference on Insurance Supervision for Latin America and the Caribbean<\/strong> was successfully held. The event was jointly organized by the Association of Latin American Insurance Supervisors (ASSAL), the Financial Stability Institute (FSI) of the Bank for International Settlements (BIS), and the International Association of Insurance Supervisors (IAIS), with the support of the Superintendencia General de Seguros (SUGESE).[\/vc_column_text]
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The conference brought together 70 participants, including insurance regulators and supervisors from across the region, as well as representatives from international organizations, including members of NAIC and IAIS. The event was consolidated as a high-level platform for exchanging experiences, strengthening capacities, and discussing key challenges facing the insurance sector.<\/p>\n[\/vc_column_text]

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<\/div><\/div>[vc_column_text]On the first day, the participants addressed strategic issues of great importance to the regional regulatory agenda:<\/p>\n

\u201cRisks on the horizon: current pressures and future vulnerabilities in the insurance sector\u201d: participants analyzed the current pressures facing the insurance sector\u2014such as inflation, financial market volatility, and the impacts of climate change\u2014alongside emerging vulnerabilities. This analysis proved essential for anticipating systemic risks and strengthening market resilience in Latin America and the Caribbean. \u201cStrengthening supervisory effectiveness: addressing resource challenges in the insurance sector\u201d: discussions focused on strategies to enhance supervisory work in the face of human and technical resource constraints. In the Latin American context, where many authorities face budgetary limitations, this issue is key to ensuring proportionate, efficient, and risk-based supervision. \u201cTowards risk-based solvency (RBS): implications of Own Risk and Solvency Assessment (ORSA) and International Financial Reporting Standard (IFRS) 17 for the adoption of RBS in Latin America and the Caribbean\u201d: experts examined the implications of tools such as ORSA and the implementation of IFRS 17. These elements are fundamental for advancing toward more sophisticated regulatory frameworks aligned with international standards.[\/vc_column_text]

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<\/div><\/div>[vc_column_text]On the second day of the event, senior authorities from various ASSAL jurisdictions shared insights on \u201cRegional supervisory challenges and priorities,\u201d highlighting the most pressing and common issues in the region, including market heterogeneity, the need for regulatory harmonization, and the need to strengthen international cooperation. \u201cBuilding societal resilience: a multistakeholder approach to addressing natural catastrophe (NatCat) protection gaps\u201d: this session addressed protection gaps against natural catastrophes (NatCat) and promoted a multisectoral approach. This topic is particularly relevant for Latin America and the Caribbean, one of the regions most vulnerable to natural disasters. \u201cSupervising artificial intelligence (AI) in the insurance sector: balancing innovation and risk\u201d: panelists explored emerging approaches to regulating the use of artificial intelligence in the sector, aiming to strike a balance between technological innovation and risk management. This is a priority area given the increasing digitalization of financial services.[\/vc_column_text]
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<\/div><\/div>[vc_column_text]The conference highlighted the collective commitment to strengthening regulatory frameworks, aligning with international standards, and fostering regional cooperation\u2014key actions that directly build a more resilient, inclusive, and sustainable insurance sector for Latin America and the Caribbean.[\/vc_column_text]
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<\/div><\/div>[vc_column_text]In addition, on April 14, Sugese of Costa Rica has organized the Pre-Conference on Insurance Supervision in Latin America and the Caribbean<\/strong>, which was held as part of the ASSAL-FSI-IAIS High-Level Conference<\/strong>, attended by the leading insurance and reinsurance companies from Costa Rica and Latin America. The event addressed topics such as global trends and local priorities in insurance supervision; reducing protection gaps in Costa Rica \u2013 Experience with the Global Risk Modelling Alliance; and the insurance industry and digital transformation in Costa Rica: considerations regarding consumer protection and operational risks. This event facilitated interaction between regulators and industry members, who emphasized that such initiatives allow for the identification of both mutual risks and opportunities for the benefit of civil society and the insurance industry.[\/vc_column_text]
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<\/div><\/div>[vc_column_text]Finally, on April 17, the 37th Annual Assembly of ASSAL took place, where the President of ASSAL has shared the management report for its first year in office, as well as the Financial Statements and the 2025 Annual Report. Additionally, the National Association of Insurance Commissioners was admitted as an associate member of our Corporation, marking a new milestone in the process of regional cooperation. ASSAL is an international organization that brings together the highest supervisory authorities of the insurance industry in Latin America. Currently, 22 countries participate.[\/vc_column_text]
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<\/div><\/div>[vc_column_text]ASSAL, FSI-BIS, and IAIS extend their special thanks to SUGESE for their valuable support in organizing this event, as well as to all participants for their active contributions to the conference’s success.<\/p>\n

We invite you to review this press release and follow us on our profile at\u00a0LinkedIn<\/a>.<\/p>\n[\/vc_column_text]

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Below, you can enjoy the photos from the event:<\/p>\n[\/vc_column_text]

<\/div><\/div>[vc_gallery type=”parallax_image_grid” images=”6986,6990,6992,6993,6994,6998,6999,7000″][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]On April 15\u201316, the ASSAL-IAIS-FSI High-Level Conference on Insurance…<\/p>\n","protected":false},"author":4,"featured_media":6068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[26,25],"tags":[],"class_list":{"0":"post-6984","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-outstanding"},"acf":[],"_links":{"self":[{"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/posts\/6984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/comments?post=6984"}],"version-history":[{"count":1,"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/posts\/6984\/revisions"}],"predecessor-version":[{"id":7002,"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/posts\/6984\/revisions\/7002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/media\/6068"}],"wp:attachment":[{"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/media?parent=6984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/categories?post=6984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assalweb.org\/en\/wp-json\/wp\/v2\/tags?post=6984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}