Commission on Financial Services and Insurance

Factsheet financial services and insurance

The ICC Commission on Financial Services and Insurance is a global non-sectorally based financial services body, and looks at the full spectrum of financial services and insurance policy issues. It formulates ICC policy positions on the key regulatory and business issues facing the sector. It provides an international forum for providers, brokers and users of financial and insurance services, promotes general liberalization of services, studies practical problems and contributes to technical assistance.



Objective

To break down barriers to international business in financial services and insurance, and to contribute to the elaboration of sound self-regulatory and supervisory frameworks.

Priorities

• Ensure that ICC policy statements on the liberalization of trade in financial services and in insurance have an impact on the Doha Round of WTO negotiations.
  
  
• Examine the consequences for world business, and the insurance industry in particular, of the acute terrorism risk post September 11 and of liability issues of growing global impact.
  
  
• Feed business viewpoint into deliberations by national regulators, supervisors and international organizations to create efficient, stable and competitive insurance markets.
  
  
• Contribute a world business viewpoint to ongoing intergovernmental discussions to promote global financial stability.
• Support and further develop ICC tools, particularly ICC's website on corporate governance (www.iccwbo.org/cg.htm), to assist companies in dealing with corporate governance issues.
• Coordinate the examination in several ICC working bodies of issues related to money laundering.

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