The International Association of Insurance Supervisors published a mid-year preview of its 2026 Global Insurance Market Report, finding that the global insurance sector maintained stable aggregate solvency, liquidity and profitability at year-end 2025. However, systemic risk scores for global insurance groups increased slightly from 2024, mainly because of greater asset liquidation to generate excess cash and increased interconnectedness with financial markets and the broader economy. Liquidity challenges persist for some insurers because of higher allocations to illiquid assets, shareholder distributions, debt repayments and market volatility. The 2026 Global Monitoring Exercise will examine macroeconomic pressures on life insurers’ balance sheets, geopolitical risk transmission to non-life insurers and the effect of artificial intelligence and technological advances on cyber resilience. Additional analysis will cover underwriting exposures related to AI and digital assets, investments in digital assets and climate-related risks. The year-end report, due in December 2026, will provide further analysis of systemic risk indicators and compare developments in insurance with those in the banking sector.
2026-07-09International Association of Insurance Supervisors
International Association of Insurance Supervisors reports stable insurer finances and a slight rise in systemic risk at year-end 2025
The International Association of Insurance Supervisors found stable aggregate solvency, liquidity and profitability across the global insurance sector at year-end 2025, although systemic risk scores rose slightly. Its 2026 monitoring will focus on macroeconomic risks for life insurers, geopolitical risks for non-life insurers and the impact of AI and technology on cyber resilience. A fuller report is due in December 2026.