What is the role of insurance regulators in dealing with consumer data protection risks arising from increased data availability and usage?
Latest Knowledge Products
InsurTech developmental traits have been compared to those of a curious and imaginative toddler (!) who pushes the boundaries, a herald of the Fourth Industrial Rev
The 12th Consultative Forum (CF12) on the topic of InsurTech: rising to the regulatory challenge took place on 20 March in Colombo, Sri Lanka gathering high-ranking representatives from the regulatory and supervisory bodies (in Asia), industry, NGOs and other stakeholders. Continue reading to access all the relevant documents and presentations.
When stimulating innovation, there are limits to what a supervisory authority can achieve alone. Inter-institutional cooperation is a powerful tool for responding to new market trends and for creating a safe space for the launch of new initiatives. This call took a closer look at what those cooperation platforms look like. Case studies were used to explore what the role of the insurance supervisor looks like within them, and pulled together a number of aspects that supervisors might need to consider when pioneering such an approach.
The use of index insurance as an alternative to traditional indemnity-based insurance has increased over the last twenty years, particularly as a mechanism for insuring against extreme weather risks.
This report contains the findings of a diagnostic study on the provision of microinsurance to rural workers in China. The study was commissioned by the Access to Insurance Initiative and approved by the China Insurance Regulatory Commission (CIRC) in 2010. The study covers the provision of personal and property (including agriculture) microinsurance to China's 674 m (2010) rural residents.
On this call, we explored what MSMEs are and why they are important. We spoke about the risks that MSMEs typically face, how they manage them and what their insurance needs are. The resulting report attempts to set out some features that an effective MSME insurance product should have, and presents conclusions for supervisors on their role in supporting and supervising the MSME insurance market.