Global Federation of Insurance AssociationsAnnual Report 2020–2021Forewordp2IAIS OPINIONInternational regulationp3Climate risksp4Cyber risksp5Munich Re OPINIONDisruptive technologyp6Financial inclusionp7OECD OPINIONAgeing societyp8Corporate governance & market conductp9Capitalp10Systemic riskp11Anti-money launderingp12Taxationp13Tradep14About GFIAp15