Coping with Common Challenges in Developing Insurance Markets training program for insurance supervisors and regulators
This programme is jointly organised by the Southern African Development Community, the World Bank Group and the Toronto Centre.
Program Description and Objectives:
This program is designed to help regulators and supervisors identify the developmental challenges in their insurance markets. It will examine common problems in developing insurance markets and how well-designed regulation and supervision can help overcome these challenges. The program will provide regulators will tools to assess the level of competition in the insurance market, how to assess the efficiency of compulsory markets – particularly for motor insurance – and what regulatory and supervisory tools (from risk-based capital adjustments to enforcement techniques) can be used to address identified problems.
The program will provide an excellent forum for participants to learn from leading experts and practitioners and to share and discuss their own experiences and solutions to challenges they face in dealing with these risks in the contexts in which they work.
The program will include technical vignettes, group activities, and case studies. It will include sessions on how to develop action plans to deal with developmental challenges, and how to identify and communicate effectively with key stakeholders to achieve results.
Upon completion of the five-day program, participants will better understand:
Some key challenges that commonly affect developing insurance markets and how they can be diagnosed in a particular jurisdiction
Specific steps that can be taken to deal with challenges related to compulsory insurance markets – including motor insurance
How to use supervisory enforcement powers to improve market efficiency
How to use regulatory tools to support market development
How to systematically address individual challenges with action planning and ensure critical success with key stakeholders.
Who Should Attend?
The program is designed for senior-level staff and managers involved in insurance regulatory and supervisory activities. It might also be relevant to individuals working at government ministries whose responsibilities relate to the topics that will be covered. Participants should have at least five years of working experience in financial sector supervision, analysis, or policy, and be proficient in English.
Kindly respond·to Ms Lesego Mantu at the Prudential Authority by sending an email to lesego.mantu@ resbank.co.za or contacting her on telephone number +27 12 399 7969.
Monday, 9. March 2020 9:00 AM
Friday, 13. March 2020 5:00 PM
The Capital - On the Park, Johannesburg, South Africa
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