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Responsible Finance Forum IV – Consumer Protection in Emerging Insurance Markets

At the Responsible Finance Forum, hosted by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Federal Financial Supervisory Authority (BaFin) on 24-25 June 2013 in Berlin, representatives of supervisory authorities, industry and development organizations discussed consumer protection in emerging insurance markets. The fourth event of this series was organized by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in partnership with the Access to Insurance Initiative (A2ii).
 

Over the last few years risk protection for the low-income population by insurance has significantly increased. However, only adequate products of good quality can help low income households in effectively managing their risks. This entails consumer protection needs to be higher in this segment and failures can have severe consequences for the insured as well as for the development of emerging insurance markets in general.

The Responsible Finance Forum is an important milestone in sharing knowledge and best Practice around the topic of Responsible Finance, which includes three pillars: financial consumer protection regulation, industry self-regulation and the enhancement of consumer capabilities. The participants of the Forum exchanged ideas and experiences and presented initiatives on how to increase consumer protection within these three pillars for low-income-households in emerging insurance markets.

The topic of responsible finance has become a priority of the G20 and of Financial Sector Development worldwide and the Responsible Finance Forum is an important milestone in sharing knowledge and best practice in responsible finance globally.

The Forum was organized in partnership with the Access to Insurance Initiative (A2ii), the Consultative Group to Assist the Poor (CGAP), the International Association of Insurance Supervisors (IAIS), the International Finance Corporation (IFC), the International Labour Office (ILO), the Microinsurance Network, the Ministry of Foreign Affairs of the Netherlands, and the Munich Re Foundation.

For further information please contact: stefanie.zinsmeyer[at]access-to-insurance.org

Picture Gallery

To view pictures of the event go to the gallery

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Responsible Finance Forum Material

To view the agenda and presentations follow the link.

Consumer Protection in Emerging Insurance Markets - Key Takeaways

Responsible Finance Forum 2013 Press Release

 
Date:
Monday, 24. June 2013 12:00 AM
Duration:
2 days
Location:
Berlin, Germany
Knowledge category:
Workshops and Seminars

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