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Reports, Monitoring and KPIs, Africa, MENA | 2020

Evolving insurance supervisory mandates in Sub Saharan Africa - implications for data practices

This paper is the first part of a project by the Access to Insurance Initiative (A2ii), Cenfri together with a Steering Group comprising supervisors from seven jurisdictions namely Ghana, Kenya, Malawi, Mauritius, Uganda and West and Central Africa (CIMA), chaired by South Africa. The project was initiated to support SSA insurance supervisors with obtaining the necessary information to conduct effective supervision and evaluate the insurance market, in line with ICP 9 while recognising that supervisory mandates are changing with the times. The project aims to develop a consolidated reference list of KPIs covering the different ‘pillars’ of insurance supervisors’ objectives, namely a) prudential, b) market conduct, c) insurance market development (including inclusive insurance) and d) the contribution of the insurance sector to sustainable development.

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