Global Federation of Insurance Associations

What Global Federation of Insurance Associations does

The Global Federation of Insurance Associations (GFIA) is a non-profit federation established on 9 October 2012 at a meeting of insurance associations in Washington, D.C., formalising cooperation that had existed since 2008 under the informal International Network of Insurance Associations (INIA). Incorporated in Switzerland with its secretariat hosted by Insurance Europe aisbl in Brussels (Rue du Champ de Mars 23, B-1050), GFIA represents 43 member associations and 3 observer associations spanning 69 countries across five regions (Africa, Americas, Asia, Europe, and Oceania). Collectively, GFIA's members represent insurers accounting for approximately 89% of total global insurance premiums, exceeding $4 trillion.

GFIA's core function is advocacy and policy engagement on behalf of its member associations rather than technology development or commercial product offerings. Its outputs include annual reports, position papers, working papers, insight briefings, and consultation responses covering climate risk, cyber risk, systemic risk, trade, taxation, anti-money laundering, corporate governance, pensions, DEI, and AI in insurance. The federation maintains ongoing engagement with international regulatory and policy bodies including the IAIS, OECD, and FSB, providing coordinated industry input into global prudential standards. Distribution channels include a member extranet portal, publications, events and conferences (including a Brussels general assembly), and social media presence on LinkedIn, X, and YouTube.

The federation is funded through membership dues from its national and regional association members. Its lean secretariat (1-10 staff) operates from Insurance Europe's Brussels offices, where Insurance Europe provides operational infrastructure. Governance is via an elected Executive Committee (President, Vice-president, Treasurer) and Secretary General, currently Thea Utoft Høj Jensen. As a non-profit, GFIA does not pursue commercial revenue and financial figures are not publicly disclosed. Recent strategic activity includes advocacy on India's insurance reform, calls for joint action to close global protection gaps, and preliminary discussions with the Micro Insurance Network on financial inclusion.

Name

Global Federation of Insurance Associations

Legal name

Global Federation of Insurance Associations

Website

https://gfiainsurance.org

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

The Global Federation of Insurance Associations (GFIA) is a Brussels-based non-profit federation representing 43 national and regional insurance associations across 69 countries, advocating on global insurance regulatory, policy, and market issues.

Ownership category

akta.pro rank

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership dues: GFIA is a non-profit association funded through membership dues from its 43 member associations and 3 observer associations. These represent national and regional insurance associations from 69 countries worldwide.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

GFIA is a non-profit federation that represents the collective interests of 43 national and regional insurance associations and 3 observer associations—covering 69 countries and approximately 89% of global insurance premiums—to international regulatory bodies and standard-setters such as IAIS, OECD, and FSB. It delivers this representation through position papers, consultation responses, working groups, annual reports, and events that enable coordinated industry advocacy on cross-border issues including trade, taxation, climate risk, cyber risk, systemic risk, anti-money laundering, and pensions.

Product overview

GFIA is a non-profit association representing national and regional insurance associations, not a commercial product company. It does not offer a software platform or technology products for sale. Its primary offerings to members are advocacy services, publications (position papers, reports, consultation responses), and organized events such as conferences and working group meetings. Notable publications include the Annual Report, the GFIA paper on AI in the insurance industry, GFIA Inclusive Insurance Survey, and Principles on diversity equity and inclusion.

Differentiator

Problem solved

Functional benefit

Products and services

• Membership Representation Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Insurance EuropecoreStrategic or Co-development Partner · 9 October 2012Insurance Europe hosts GFIA's secretariat at its Brussels offices (Rue du Champ de Mars 23). This hosting arrangement provides operational infrastructure and administrative support for the federation's activities. GFIA's Secretary General Thea Utoft Høj Jensen is also from Insurance Europe.
• INIA (International Network of Insurance Associations) - PredecessorcoreStrategic or Co-development Partner · 1 January 2008GFIA was preceded by INIA (International Network of Insurance Associations), an informal network active since 2008. GFIA was formally established in 2012 to formalize and strengthen this cooperation among national insurance associations.
• IAIS (International Association of Insurance Supervisors)coreStrategic or Co-development PartnerGFIA engages extensively with IAIS on regulatory consultations, providing industry perspectives on insurance supervision standards, capital requirements (ICS), climate risk, and other prudential issues. GFIA has submitted multiple consultation responses on IAIS application papers.
• OECD (Organisation for Economic Co-operation and Development)coreStrategic or Co-development PartnerGFIA engages with the OECD's Insurance and Private Pensions Committee on governance guidelines and policy issues. The federation provides input on OECD recommendations related to disaster risks, pension systems, and financial resilience.
• Micro Insurance Network (MiN)minorStrategic or Co-development PartnerGFIA opened preliminary discussions with the Micro Insurance Network to explore opportunities for collaboration on financial inclusion and insurance access for underserved populations, in alignment with UN Sustainable Development Goals.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Institute of International Finance (IIF): Global association of the financial industry (banks, insurers, asset managers) engaging G20, FSB, IMF, and BIS on regulatory and policy issues. Comparable as a cross-sector global financial industry body with parallel advocacy model and membership base that overlaps with GFIA's.

Direct peers

• Insurance Europe: European insurance industry federation that hosts GFIA's secretariat and shares senior leadership. Directly comparable as a regional insurance trade body engaging EU regulators and policymakers on prudential and market-conduct issues.
• Reinsurance Association of America: US trade association for reinsurers engaging on regulatory, tax, and policy issues. Comparable as a specialized insurance industry association performing advocacy and member coordination on behalf of a defined industry segment.
• The Geneva Association: Global insurance industry think tank led by insurance CEOs that produces research on economic and policy themes. Comparable as a global insurance industry body producing research and engaging international policymakers, though more research- and CEO-led than advocacy-led.
• The Council of Insurance Agents & Brokers: US national association for commercial insurance brokers and agents, focused on advocacy and member services. Comparable as an insurance intermediary trade body providing representation, publications, and convening for members.
• International Cooperative and Mutual Insurance Federation (ICMIF): Global federation representing cooperative and mutual insurers, engaging on international policy and sustainability. Directly comparable as a global insurance industry federation advocating for a defined subset of the market to international bodies.
• American Property Casualty Insurance Association (APCIA): US national trade association for property-casualty insurers, advocating on federal and state regulation. Comparable as a national insurance industry association performing advocacy, policy analysis, and member coordination functions analogous to GFIA at country level.

Regional players

• Insurance Council of Australia: Australian general insurance industry association representing insurers on policy, regulation, and natural-disaster response. Comparable as a national insurance industry association but operating exclusively in the Australian market.
• British Insurance Brokers' Association (BIBA): UK trade association for insurance brokers, focused on advocacy and member services. Comparable as a national insurance intermediary trade association but serving only the UK market.
• Insurance Bureau of Canada: Canadian property-casualty insurance industry association engaging federal/provincial regulators on auto, property, and climate issues. Comparable as a national insurance trade association but limited to Canada.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/gfiainsurance
• YouTubeyoutube.com/@GFIA
• LinkedInlinkedin.com/company/global-federation-of-insurance-association

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Global Federation of Insurance Associations