David Onoprishvili, head of the Insurance State Supervision Service of Georgia, was elected to a second term representing the Central, Eastern Europe and Transcaucasia region on the International Association of Insurance Supervisors Executive Committee. The re-election continues Georgia’s participation in the association’s executive-level work. Onoprishvili also attended an IAIS regional seminar in Bratislava on Oct. 15-16 focused on managing longevity risk and the insurance sector’s role in aging societies. Discussions covered pension system sustainability, long-term care insurance, reverse mortgages and supplementary pension schemes, with emphasis on consumer protection, financial stability and cooperation between the public and private sectors. During the seminar, Onoprishvili outlined Georgia’s pension system, demographic conditions and prospects for developing mandatory funded pensions and private voluntary pension schemes. He also discussed the service’s supervisory role in private pension policy, occupational risk assessment and insurance market stability, and held regional cooperation talks with supervisory officials from Slovenia, Hungary and Slovakia.
Insurance State Supervision Service of Georgia head re-elected to represent the CEET region on the IAIS Executive Committee
David Onoprishvili, head of the Insurance State Supervision Service of Georgia, was re-elected for a second term as the Central, Eastern Europe and Transcaucasia region’s representative on the IAIS Executive Committee. At an IAIS seminar in Bratislava, he also discussed Georgia’s pension system and the supervisory response to longevity risk, demographic change and private pension development.