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International Insurance Society Seminar attracts more than 400

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RIO DE JANEIRO—More than 400 delegates attended the 48th annual International Insurance Society Seminar in Rio de Janeiro on June 17-20.

Topics ranged from the challenges facing insurers and reinsurers and utilizing mobile technology to selling insurance in developing nations to regulatory developments in Brazil and China.

The centerpiece of the conference was the official launch of the Principles for Sustainable Insurance, which was signed by 27 insurers and reinsurers. The four principles are:

• Insurers will embed in their decision-making environmental, social and governance issues relevant to the insurance business.

• Insurers will work together with their clients and business partners to raise awareness of environmental, social and governance issues, manage risk and develop solutions.

• Insurers will work together with governments, regulators and other key stakeholders to promote widespread action across society on environmental, social and governance issues.

• Insurers will demonstrate accountability and transparency in regular public disclosures of their progress in implementing the principles.

The conference coincided with the Rio+20 United Nations Conference on Sustainable Development.

The next IIS Seminar will be at the Grand Hyatt Hotel in Seoul, South Korea, on June 16-19, 2013. For more information, visit www.iisonline.org.

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