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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.
This Consultative Forum was the second in a three-event series organised in 2017 on the topic of agricultural insurance as a tool for disaster resilience in the three developing regions of Asia, Africa and Latin America. The first event in the series, which took place in Singapore in March 2017, covered both indemnity- and index-based agricultural insurance, whereas this event focused exclusively on index-based agricultural insurance as an innovative tool for agricultural insurance to become more affordable for smallholder farmers.
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.
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.