The note describes the role of insurance for development and the concept of pathways to development. On the promotion pathway insurance promotes development objectives such as private, agricultural and financial sector development; on the protection pathway it fosters household resilience.
Context: Policy makers and supervisors aim at making insurance markets more inclusive and adopt varying regulatory approaches. The International Association of Insurance Supervisors (IAIS) provides a globally accepted framework for the supervision of insurance through the Insurance Core Principles (ICPs) and related guidance.
Context: Insurance supervisors face an increasing variety of business models in microinsurance. Supervisors need to nderstand which business models prevail in specific product markets leading to new consumer protection risks, as well as regulatory responses to these risks in various jurisdictions.
The Technical Note No. 3 summarizes the objectives and the the oberservations of the self-assessment and peer review tool based on the Application Paper Regulation and Supervision supporting Inclusive Insurance Markets (2012) conducted by the IAIS and the A2ii in 2013.
The Technical Note No. 4 introduces the The training module "module on regulation and supervision supporting inclusive insurance markets" which uses a learning environment to support supervisors to effectively implement the concepts set out in the Application Paper on “Regulation and Supervision Supporting Inclusive Insurance Markets (2012)”.