Friday, May 17, 2013

International forum of insurance guarantee schemes launched

KUALA LUMPUR, May 16 — The Malaysian Deposit Insurance Corporation (PIDM) has launched the International Forum of Insurance Guarantee Schemes (IFIGS) to promote international cooperation between insurance guarantee schemes and other stakeholder organisations that participate in the development of policy owner protection schemes. 

Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/international-forum-of-insurance-guarantee-schemes-launched/
Published: May 17, 2013


 IFIGS was established by leading insurance guarantee schemes from around the world interested in sharing their experiences in providing protection to policyholders in the event their insurance company fails.

PIDM is also a member of the International Association of Deposit Insurers (IADI).

"At PIDM, we are committed to building strong partnerships and international collaboration and exchange with other deposit insurers and insurance guarantee schemes.

"Our involvement is part of our ongoing international initiatives to help promote Malaysia as a centre of excellence for financial services," PIDM Chief Executive Officer Jean Pierre Sabourin said in a statement today.

IFIGS members include insurance guarantee schemes from Australia, Canada, Chinese, France, Greece, Korea, Norway, Poland, Romania, Singapore, Spain, Taiwan, the United Kingdom and the United States of America.

The second IFIGS will be held on Oct 21-22 in Taipei, Taiwan where a formal committee will be formed to direct its activities. For more information, visit the IFIGS website at www.ifigs.org — Bernama

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