The Astana Financial Services Authority (AFSA), the regulatory body of the Astana International Financial Centre (AIFC), has become the 22nd member of the Asian Forum of Insurance Regulators (AFIR).
AFIR is a key insurance regulatory cooperation mechanism in Asia, uniting regulatory authorities from jurisdictions such as China, South Korea, Singapore, Dubai, Japan, Australia, New Zealand and others.
Joining the AFIR will facilitate AFSA’s cooperation in the insurance industry, prevention and mitigation of cross-border risks to improve regulatory capacity. It will also promote the exchange of information and industry professionals, as well as the sharing of the regulatory experiences with other member organisations.
As the AFIR member the AFSA will be able to participate in the development of Asia-wide insurance regulatory approach and develop common positions on insurance regulation issues.