Question

What is the role of the International Association of Insurance Supervisors (IAIS)?

a.

Conducting research on insurance economics

b.

Providing insurance services globally

c.

Consolidating insurance regulators and creating commonly acceptable standards for all regulators and markets across the world

d.

Promoting professional ethics in the insurance market

Answer: (c).Consolidating insurance regulators and creating commonly acceptable standards for all regulators and markets across the world Explanation:The International Association of Insurance Supervisors (IAIS) consolidates insurance regulators and creates commonly acceptable standards for all regulators and markets across the world.

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Q. What is the role of the International Association of Insurance Supervisors (IAIS)?

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