The International Association of Insurance Supervisors (IAIS) will soon announce details of a consultation on its draft stakeholder engagement plan, designed to attract consumers, academics and professional bodies.

It expects the plan to be ready for adoption early next year.

The IAIS flagged the move at the conclusion of its 23rd annual conference in Asuncion, Paraguay, attended by more than 300 members and stakeholders.

Conference topics included risk-based supervision, financial stability and policyholder protection.

The IAIS comprises insurance supervisors from more than 200 jurisdictions in almost 140 countries, including Australia.