A financially sound insurance sector contributes to economic growth and well-being by supporting the management of risk, allocation of resources, and mobilization of long-term savings. The Insurance Core Principles developed by the IAIS are key international standards relevant for sound financial systems. Effective implementation of the Insurance Core Principles requires skilled and knowledgeable insurance supervisors.
Recognizing this need, the World Bank and the IAIS partnered in 2002 to develop a “core curriculum” for insurance supervisors, which consists of a set of modules focusing on the practical application of supervisory concepts. The training module on regulation and supervision supporting inclusive insurance markets was developed in 2013 as a cooperative project of the IAIS and the Initiative. It helps supervisors to implement effectively the concepts set out in the IAIS application paper on the same topic.