The Financial Services Board hosted the IAIS-A2ii Regional Meeting for Sub-Saharan Africa in Pretoria, South Africa. Twenty-five delegates from supervisors across Sub-Saharan Africa attended the meeting, including representatives from the sub-regional committees for East Africa, French-speaking West and Central Africa and Southern Africa.
The chair of the IAIS regional committee emphasised the continued commitment of the IAIS and A2ii to support supervisors in Sub-Saharan Africa in developing capacity. The supervisors welcomed the growing commitment of the IAIS to consider the needs of emerging economies.
Participants reported on recent developments in insurance supervision in their countries and shared experiences around data collection and analysis and solvency requirements. The main focus of the meeting was to discuss the gaps in the implementation of the Insurance Core Principles (ICPs) in the region, as identified by the Analytic Review of ICP assessments. Supervisors were given the opportunity to prioritise areas where support is needed in the supervision activities and the implementation of these principles. These priorities will form the basis of an implementation plan for knowledge and capacity building activities for the region.