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Over sixty high-ranking representatives, from South and Central America, Africa and Asia, from the insurance industry and regulatory and supervisory bodies, gathered at the 11th Consultative Forum in Lima, Peru on 6 November to discuss the scaling up of agricultural insurance and the development of proportionate regulatory frameworks.
The Access to Insurance Initiative (A2ii) and the International Labour Organization (ILO) through its Impact Insurance Facility (IIF) have commissioned this study to assess the impact of microinsurance regulatory frameworks on developingn inclusive insurance markets by way of a Regulatory Impact Assessment.
On the topic: On this call we explored emerging technologies and how they affect the market and consumers. We also took a look at some regulatory approaches which have been taken, such as setting restrictions, or facilitating some technologies.
On 1 November 2017, the International Association of Insurance Supervisors (IAIS), the International Actuarial Association (IAA) and the Access to Insurance Initiative (A2ii) signed a five-year agreement at the IAIS Annual Conference in Kuala Lumpur, Malaysia to enhance the actuarial skills of supervisory authorities. The key outcomes will be the development and delivery of supervisory capacity building training programs on actuarial services.
If you have not yet filled out the survey on regulatory supportiveness for inclusive insurance, you are invited to do so before 8 December 2017. Each jurisdiction will receive a confidential individual report that provides feedback about their jurisdiction in relation to emerging global and regional trends. The survey examines jurisdictional regulatory measures, and as such targets regulatory and supervisory authorities. However, any stakeholders who are familiar with the material are also warmly invited to complete the survey.
November 6: The 11th Consultative Forum (11th CF) on “Scaling up insurance as a disaster resilience strategy for smallholder farmers in Latin America” will be taking place this afternoon in Lima, Peru with the objective of fostering sound policymaking for the development and scaling up of agricultural insurance across the region. The event will be livestreamed simultaneously in both English and Spanish at this link.
Implementation of the IAIS’ supervisory material and supporting capacity building efforts of insurance supervisors is key to achieving effective and globally consistent supervision of insurance. These pages contain information on the IAIS assessment programme and surveys, as well as key capacity building tools such as the Core Curriculum.
To access the Implementation and Capacity Building please click here.
Application Papers provide additional material related to one or more ICPs, ComFrame or G-SII policy measures, including actual examples or case studies that help practical application of supervisory material. Application Papers could be provided in circumstances where the practical application of principles and standards may vary or where their interpretation and implementation may pose challenges Application Papers can provide further advice, illustrations, recommendations or examples of good practice to supervisors on how supervisory material may be implemented.