Consultation Calls

Past Consultation Calls

  • 24.09.2015
    1h
    Worldwide | 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.

  • 23.07.2015
    1h
    Worldwide | Consultation Calls

    Prudential supervision should be both risk-based and proportionate. These criteria are equally relevant when supervising insurers operating in the conventional insurance market and those providing insurance to the underserved. However, differences in the nature, size, and risk profiles of the insurers involved might mean that traditional prudential supervisory approaches would be inappropriate.

  • 21.05.2015
    1h
    Worldwide | Consultation Calls, Inclusive Insurance Regulation

    Actuarial capacity is a challenge in most inclusive insurance markets. It is for this reason that the IAIS in close collaboration with the International Actuarial Association (IAA) will be developing a paper on "approaches to actuarial services in inclusive insurance markets". The paper will aim at providing general guidance on requirements and specific approaches for proportionate actuarial services in inclusive insurance markets that is applicable across jurisdictions.

  • 26.03.2015
    1h
    Worldwide | Consultation Calls, MCCOs

    At the request of the IAIS the 9th Consultation Call focused on "Mutuals, Cooperatives and Community Based Organisations (MCCOs) ". The IAIS is currently working on the development of an Application paper which will provide supervisory guidance regarding adherence to and implementation of the relevant Insurance Core Principles (ICPs) with respect to MCCOs in inclusive insurance markets.

  • 22.01.2015
    1h
    Worldwide | Consultation Calls, Inclusive Insurance Regulation

    Some countries had, or still have a significant magnitude of informal insurance activity, in particular in areas such as funeral and health insurance, or credit life insurance provided by mutuals or microfinance organisations. Government schemes and pilot programs are also often outside of the purview of supervisors.
    Formalisation has been recognised as a considerable challenge by many insurance supervisors.

  • 20.11.2014
    1h
    Worldwide | Consultation Calls

    The development of the A2ii and IAIS activity plans on inclusive insurance is proceeding largely in parallel. Several rounds of discussion among A2ii and IAIS Committees have taken place to better align our activities to strengthen our mutual roles and responsibilities. We would like to take the opportunity to seek your input during the Consultation Call in order to facilitate a bottom up approach.

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  • 25.09.2014
    1h
    Worldwide | Consultation Calls, Market Development

    Given the typically low margins on low value policies, most successful microinsurance business models innovate distribution channels in order to minimise distribution costs and scale up the number of policies sold, either by leveraging groups or the infrastructure and reach of aggregators. These new ways to sell insurance typically result in long distribution chains involving a variety of entities and their employees, some of which may not traditionally be regulated by the insurance supervisor. Therefore some microinsurance business models entail a greater degree of separation between the insurer and the client than under the traditional individual sales model. This leads to the emergence of consumer protection risks that are particularly prevalent in microinsurance.

  • 28.08.2014
    1h
    Worldwide | Consultation Calls, Inclusive Insurance Regulation

    Inclusive insurance markets require a proportionate approach to product oversight including product standards. Supervisors have different options for product oversight before and after product launch. The overall objective of such steps is to discourage products and services that may cause consumer detriment from reaching the market. Some insurance supervisors require the pre-approval of insurance products, in both life- and general lines or in one of the two. Others have opted for a file-and-use process.

  • 26.06.2014
    1h
    Worldwide | Consultation Calls, Agricultural and Disaster Risk Insurance

    The fourth consultation call focused on agriculture insurance, an issue that has hardly been discussed when considering inclusive insurance markets. It was attended by almost 30 supervisors from various jurisdictions across Asia, Africa, Latin America and the Caribbean.

  • 22.05.2014
    1h
    Worldwide | Consultation Calls, Consumer Protection

    “This is the third call I’ve participated on and I can say that in terms of the quality of the outputs and the conversations taking place between supervisors, it’s shown to be immensely beneficial and I think that’s consistent with the feedback that has been returned to the A2ii and IAIS from IAIS members.”

    These were the opening remarks made by IAIS Secretariat staff Conor Donaldson for the third Consultation Call held on 22 May.

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