Modern insurance regulations are only valuable when implemented, says HE Pierre Gramegna the Minister of Finance of Luxembourg during the recent IAIS annual meeting. HE addressed the challenges that can face the regulators in their endeavors, and emphasized the growing importance of sound governance, transparent prudential reporting, and market conduct; such considerations are relevant for all financial services institutions in an increasingly complex risk environment.

The IAIS annual meeting covered IFRS 17, risk-based capital models and related approaches, as well as the opportunities and challenges for regulators in digitalization.