On 3 August 2015, the Financial Stability Board (FSB) published information on a workshop held jointly with the International Association of Insurance Supervisors (IAIS) in May this year regarding compensation practices in the insurance sector.  Key issues discussed at the workshop included (a) the relationship between compensation and risk taking/culture and (b) governance surrounding compensation.  While insurance sector participants indicated that the FSB's Principles and Standards for Sound Compensation Practices are geared toward the banking sector, it was acknowledged that risk aligned compensation is not unusual and is an important feature in the insurance sector.