Desarrollo del mercado

Context: Policymakers and supervisors aim at making insurance markets more inclusive and adopt varying regulatory approaches. The International Association of Insurance Supervisors (IAIS) provides a globally accepted framework for the supervision of insurance through the Insurance Core Principles (ICPs) and related guidance.

At the same time, supervisors need to adjust certain supervisory requirements and actions according to the nature, scale and complexity of risks posed by individual insurers, tailoring these measures to the level of development of their market (proportionality principle). Over the past 5 years, the Access to Insurance Initiative (A2ii) analysed regulatory approaches related to inclusive insurance markets based on A2ii diagnostics and other studies covering a total of 25 jurisdictions, many of those have incorporated some form of microinsurance-specific regulation.