Past Consultation Calls
23.03.20171hWorldwide | Consultation Calls, Market Development21st A2ii-IAIS Consultation Call on "Measuring insurance development: beyond the insurance penetration rate"
The insurance penetration rate is traditionally calculated based on total premiums as a percentage of Gross Domestic Product (GDP). This has served as a useful high-level measure of insurance development, while providing a good basis for international comparison. However, supervisors pursuing more specific policy goals, such as financial inclusion or client value, may find that this measure on its own does not provide enough meaningful information to guide policy strategies.
26.01.20171hWorldwide | Consultation Calls, Inclusive Insurance Regulation
In response to requests from the IAIS Executive Committee as well as Latin American supervisors the next A2ii-IAIS Consultation Call will be on the topic of reinsurance. The call focused on reinsurance from a host jurisdictions perspective and will examine questions around enforcement of contracts, direct and indirect supervision of reinsurers and contract oversight among other issues.
24.11.20161hWorldwide | Consultation Calls, Digital Technology
There has been a rapid growth in mobile insurance, especially over the past 5 years. Yet for a domain where so much is happening and where more players (e.g. Mobile Network Operators, technical service providers) and regulators are getting involved, there is still little information about potential risks and corresponding solutions. In particular, the topic of data protection – the regulatory measures taken to protect personal data – has not received much attention.
22.09.20161hWorldwide | Consultation Calls18th IAIS-A2ii Consultation Call on "How Supervisors Can Help Enable Access to Insurance for Migrants"
In many ways, migrants are more vulnerable than locals. They frequently work in high-risk, low-wage jobs, tend to be excluded from social protection and healthcare in the host country, and oftentimes lack the support of local communities. Moreover, their families in home countries often depend on them for financial support, especially in times of emergencies.
21.07.20161hWorldwide | Consultation Calls, Inclusive Insurance Regulation17th IAIS-A2ii Consultation Call on "Experiences in implementing regulatory frameworks for inclusive insurance"
With access to insurance high on the financial inclusion agenda, efforts are being undertaken to develop inclusive insurance regulatory frameworks in many jurisdictions. Effectively implementing such frameworks requires a multifaceted approach involving numerous stakeholders and proportionality considerations.
19.05.20161hWorldwide | Consultation Calls, Inclusive Insurance Regulation
A regulatory definition of microinsurance delineates this business line from other types of insurance such as traditional or mass. Distinguishing microinsurance is important to facilitate product and business model innovation; while at the same time protecting typically more vulnerable microinsurance consumers.
31.03.20161hWorldwide | Consultation Calls, Market Development
Innovative approaches to distribution are important to achieve scale and serve low-income groups that traditionally have not had access to insurance. Large client aggregators such as retailers with numerous sales agents and mobile network operators increasingly play an important role in distribution.
21.01.20161hWorldwide | Consultation Calls, Market Development
Regulatory incentives to foster the growth of inclusive insurance are important. Regulation needs to be proportionate to the nature, scale and complexity of risks inherent in individual insurance business and strike a balance between “motivating the industry” and “protecting the consumer” if it is going to achieve its intended objectives and expand access to insurance for low income consumers.
26.11.20151hWorldwide | Consultation Calls, Digital Technology, Consumer Protection
Mobile insurance has a huge potential in advancing inclusive insurance markets and has experienced rapid growth in recent years. However, it also brings with it new risks and challenges for insurance supervisors seeking to ensure policyholders are protected from abuse and fraud. Participants on the call will learn more about these risks and discuss potential supervisory responses. Additionally, different country examples will be shared with participants on the call.
24.09.20151hWorldwide | Consultation Calls, Financial Literacy
Participants on the call will discuss the role of insurance supervisory authorities in developing and implementing effective national financial literacy and consumer education strategies. The roles between relevant stakeholders in this process (supervisory authorities, policy-makers and market players) will also be discussed and different examples shared with the participants.