The IIRFA shall seek to advance the sound development of the insurance business in Asia and to protect the interests of policyholders throughthe exchange of information and knowledge on the following practical matters related to operations of ratemaking and/or statistical organizations.
Development and improvement of the statistical database and IT services
Development and improvement of the ratemaking scheme and capacity building such as training courses
Methodology of risk assessment and analysis
Risk environment trends, market circumstances and regulation, all of which
impact insurance rates
Prospects of think tank functions and activities in the insurance industry
Effective fraud detection systems and capabilities
Other matters suitable for the objectives of the IIRFA as prescribed in this Article.