Twitter Interview on 24 November on 'The Role of Insurance Supervisors in Boosting Women's Access to Insurance'
We welcome you to follow along via our Twitter account or to ask your questions by tagging @a2ii_org and and using the hashtags #a2iiTwitterview and #a2iigender.
You may ask questions in advance or live.
Coming up on 24 November is the next #a2iiTwitterview on #women's #accesstoinsurance!— A2ii_org (@a2ii_org) November 18, 2021
📕Read the report: https://t.co/Vvp8g3VUh9 and tweet any questions you may have in advance to @a2ii_org with the hashtags #a2iiTwitterview & #a2iigender#inclusiveinsurance @katherinesmiles pic.twitter.com/grTpblUUMz
Women's access to insurance contributes to the mandate of insurance supervisors to maintain a fair, safe, and stable insurance market, and more broadly, sustainable development. Yet, this potential of women's insurance is still to be realised as available data indicates women are currently underserved by the insurance sector. This very much reflects the wider context of the persistent financial inclusion gender gap. While it is generally understood that women's access to insurance is low in emerging markets, the precise situation is unclear due to insufficient sex-disaggregated data at the national, regional or international level. Nevertheless, many multistakeholder partnerships are advancing women's access to insurance by increasing the supply of tailored solutions. These customer-centric products address women-specific risks, vulnerabilities and access constraints and have proven successful in increasing insurance penetration among women in some markets.
Download the report from our Knowledge Hub.
On 27 May, the A2ii and IAIS held a public dialogue on Women's Access to Insurance.
The dialogue was moderated by Suzette Vogelsang, Head of Banking and Insurance at the South Africa Reserve Bank (SARB). Katherine Miles, A2ii consultant and technical expert on women’s financial inclusion, presented some insights from the upcoming A2ii report on ‘The Role of Insurance Supervisors in Boosting Women’s Access to Insurance’. Her presentation covered how the insurance sector and regulatory approaches can help increase women’s access to insurance, the current status of women’s access to insurance, and the particular need for data on supply and demand. She highlighted how gender-diverse leadership in insurance companies can improve performance – both in terms of targeting women, as well as productivity and recommendations which can facilitate better access to high quality insurance for women.
A panel discussion followed, featuring Susan Neely, President and CEO of the American Council of Life Insurers (ACLI), Renu Audit, Director of Authorisation and Supervision, at the Financial Services Commission (FSC) Mauritius, and Shree Kant Kumar, CEO of VimoSEWA.
The Dialogue recording is also available in Spanish and French - click here for more information.