Blog

Diferentes jurisdicciones y reguladores sectoriales han dispuesto medidas especiales para la atención de esta crisis, aminorar el riesgo sistémico y asegurar la liquidez de los mercados. Este período pasará y debemos asegurar que las medidas temporales no afecten la sostenibilidad del sistema financiero y asegurador en el mediano y largo plazo.

In the midst of the COVID-19 crisis, insurance should be a primary mechanism for many people across the world to cope. Instead, the limited penetration of insurance products in developing countries has pushed insurance to the periphery. However, all is not lost. Insurers still have a key role to play in getting societies back to work through the support of enterprises and, in doing so, building consumer confidence in the insurance sector more widely.

South Africa’s fight against the Covid-19 pandemic started much later compared to the rest of the world with its first case only reported on 5 March 2020.  The Government immediately responded with swift and decisive action by declaring a National State of Disaster and placing the country in total lockdown.

During the month of April, the A2ii saw the launch of the exceptional A2ii-IAIS Consultation Calls webinar series on Covid-19 and its implications for supervisors.  In times of crisis, where there is a continuous flow of new information and rapidly evolving developments, the webinars have proved to be a purposeful platform for supervisors to exchange information and share best practice. 

In 2019, two supervisors from Belize were among those chosen by the A2ii to receive a scholarship to attend the program: Alma D. Gomez (senior official) and Alicia Leslie (a high-potential woman leader). The following is an interview with Ms Gomez, who is the Supervisor of Insurance and Pensions at the Office of the Supervisor of Insurance & Private Pensions (OSIPP) of Belize.