Bridging the Gender Gap: The role of the Insurance Supervisor – A2ii-IAIS Consultation Call, May 2019
Intergrating a gender perspective in regulation and supervision is key to increasing financial inclusion. Compared to men, women form a significant part of the underinsured segment of the population especially in developing countries, lack of data, socio-cultural barriers and low levels of financial literacy are often cited as some of the main factors behind this. In addition, given the role that women play in managing household risks, it is of wider benefit to households if insurance products are designed that fit their needs. Insurance supervisors can play an important role in enhancing women’s access to inclusive insurance through incorporating gender perspectives in relevant areas of regulation and supervision. This consultation call took place on Thursday, 23 May 2019, where experts from the Toronto Centre and Women’s World Banking explored key issues regarding barriers to access, mainstreaming gender and targeting women and the insurance supervisor's role in bridging the gender gap.