What is the role of insurance regulators in dealing with consumer data protection risks arising from increased data availability and usage?
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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 paper seeks to provide a review of supervisory approaches to index insurance and to set out some of the regulatory and supervisory challenges faced by insurance supervisors. It is drawing on the results of an online survey carried out in the first half of 2017 together with telephone follow-up.
This document describes the objectives, scope and approach to be followed undertaking an individual country diagnostic using the methodology developed by the Access to Insurance Initiative (the Initiative). This document can be used as a basis for developing the Terms of Reference to request proposals by consultants to carry out the diagnostic.