Inclusive Insurance Training Program for Supervisors in the Middle East and North Africa and Sub-Saharan Africa
The Inclusive Insurance Training Program for Supervisors in MENA and SSA was jointly organised by the Egyptian Financial Supervisory Authority (EFSA), the Access to Insurance Initiative (A2ii), the International Association of Insurance Supervisors (IAIS), the Toronto Centre, and Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ).
Based on a highly interactive teaching approach, the course aimed at reinforcing learning on both technical issues as well as leadership skills. Lectures dealt with a broad range of topics from supervisory principles encouraging inclusive insurance markets, the importance of innovation and respective supervisory responses to prudential and market conduct issues in overseeing inclusive insurance markets.
The training module is based on the IAIS Application paper on the regulation and supervision of inclusive insurance markets. It was complemented by many group exercises and case studies. Participants learned about the approaches of Ghana and Morocco in developing inclusive insurance markets and heard from Bank Negara Malaysia on its experience with microtakaful.
Throughout the week, participants worked on action plans to tackle specific challenges in supporting inclusive insurance markets in their home jurisdictions. These action plans are an important component of the training and are designed to ensure that lessons learned during the training are put into practice upon the participants’ return home.
