Consultation Call Reports

Consultation Calls, Consultation Call Reports, Inclusive Insurance Regulation, Market Development | 2016
Consultation Calls, Consultation Call Reports, Inclusive Insurance Regulation | 2016
Consultation Calls, Consultation Call Reports, Inclusive Insurance Regulation | 2016
Consultation Calls, Consultation Call Reports, Inclusive Insurance Regulation, Market Development | 2016

14th IAIS-A2ii Consultation Call on "Regulatory Incentives for Insurance Market Development", 21 January 2016

On the topic: Regulatory incentives to foster the growth of inclusive insurance are important. Regulation needs to be proportionate to the nature, scale and complexity of risks inherent in individual insurance business and strike a balance between “motivating the industry” and “protecting the consumer” if it is going to achieve its intended objectives and expand access to insurance for low income consumers.

Incentives for insurers and examples of a proportionate approach include:

Consultation Calls, Consultation Call Reports, Inclusive Insurance Regulation, Digital Technology, Consumer Protection | 2015

13th IAIS-A2ii Consultation Call on "Supervisory Responses to Consumer Risks in Mobile Insurance", 26 November 2015

On the topic: mobile insurance has a huge potential in advancing inclusive insurance markets and has experienced rapid growth in recent years. However, it also brings with it new risks and challenges for insurance supervisors seeking to ensure policyholders are protected from abuse and fraud. Participants on the call will learn more about these risks and discuss potential supervisory responses.  Additionally, different country examples will be shared with participants on the call.

Consultation Calls, Consultation Call Reports, Financial Literacy, Consumer Protection | 2015
Consultation Calls, Consultation Call Reports, Inclusive Insurance Regulation, Consumer Protection | 2015

11th IAIS-A2ii Consultation Call on "Risk-based Supervision in Inclusive Insurance", 23 July 2015

On the topic: Prudential supervision should be both risk-based and proportionate. These criteria are equally relevant when supervising insurers operating in the conventional insurance market and those providing insurance to the underserved. However, differences in the nature, size, and risk profiles of the insurers involved might mean that traditional prudential supervisory approaches would be inappropriate.

Consultation Calls, Consultation Call Reports, Inclusive Insurance Regulation | 2015

10th IAIS-A2ii Consultation Call on "Actuarial Approaches to Inclusive Insurance", 21 May 2015

On the topic: Actuarial capacity is a challenge in most inclusive insurance markets. It is for this reason that the IAIS in close collaboration with the International Actuarial Association (IAA) will be developing a paper on "approaches to actuarial services in inclusive insurance markets". The paper will aim at providing general guidance on requirements and specific approaches for proportionate actuarial services in inclusive insurance markets that is applicable across jurisdictions.

Consultation Calls, Consultation Call Reports, MCCOs | 2015

9th IAIS-A2ii Consultation Call on "Mutuals, Cooperatives and other Community Based Organisations (MCCOs) in inclusive insurance", 26 March 2015

On the topic: At the request of the IAIS the 9th Consultation Call focused on "Mutuals, Cooperatives and Community Based Organisations (MCCOs) ". The IAIS is currently working on the development of an Application paper which will provide supervisory guidance regarding adherence to and implementation of the relevant Insurance Core Principles (ICPs) with respect to MCCOs in inclusive insurance markets.

Consultation Calls, Consultation Call Reports, Inclusive Insurance Regulation | 2014

8th IAIS-A2ii Consultation Call on "Formalization", 22 January 2015

On the topic: Some countries had, or still have a significant magnitude of informal insurance activity, in particular in areas such as funeral and health insurance, or credit life insurance provided by mutuals or microfinance organisations. Government schemes and pilot programs are also often outside of the purview of supervisors.
Formalisation has been recognised as a considerable challenge by many insurance supervisors.

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