The 5th IAIS - A2ii Consultation Call will take place on Thursday, 28 August at 10am and 4pm CEST and will deal with product regulation. Please register by sending an email at consultation.call[at]a2ii.org.
To download the presentations and notes of the last calls please visit our consultation call archive.
Access to Insurance - An important strategy for reducing vulnerability
The inability to manage vulnerability can perpetuate poverty. Access to insurance services can play an important role in mitigating welfare losses. Regulation and supervision can facilitate insurance markets to become more accessible and inclusive for low-income households.
The Access to Insurance Initiative is a global partnership with the mission to inspire and support supervisors to promote inclusive and responsible insurance, thereby reducing vulnerability. The Initiative is the implementation partner of the Global Standard Setting Body for insurance, the International Association of Insurance Supervisors (IAIS) on access to insurance.
Our goal is to strengthen the capacity of policymakers, regulators, and supervisors seeking to advance inclusive insurance markets, particularly for low-income clients, by promoting sound, effective and proportionate regulation and supervision of insurance markets based on the IAIS standards.
The Initiative is a unique partnership between international development agencies/ donors and the IAIS. Our partnership triggers the reforms in regulation and supervision required for the development of inclusive insurance markets.
Inside the Initiative 2013-2014
Out now: Inside the Initiative 2013-2014. Learn more about Financial inclusion in insurance, who we are, what we have achieved and for what we are looking ahead.
Click here to download the “Inside the Initiative edition 2013-2014”
The Training Module and the online implementation of this product will play a big role in Intiative’s work plan for 2014
A financially sound insurance sector contributes to economic growth and wellbeing 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.
Consumer Protection - Update from the third Consultation Call
“This is the third call I’ve participated on and I can say that in terms of the quality of the outputs and the conversations taking place between supervisors, it’s shown to be immensely beneficial and I think that’s consistent with the feedback that has been returned to the A2ii and IAIS from IAIS members.” These were the opening remarks made by IAIS Secretariat staff Conor Donaldson for the third Consultation Call held on 22 May.
The third consultation call, focused on consumer protection in inclusive insurance markets, a very important area for the IAIS. It was attended by more than 40 supervisors from 17 jurisdictions across Asia, Africa, Latin America and the Caribbean..
Click here to download the presentation
Click here to download the notes
Clicke here to download questions & answers
Insurers and regulators discuss business models
The 1st “Consultative Forum on business models, distribution and their regulatory implications” was held in Jakarta back to back to the 9th International Microinsurance Conference. The forum was hosted by the International Association of Insurance Supervisors (IAIS) and the Microinsurance Network and in collaboration with the A2ii. The forum brought together representatives of the insurance industry and supervisors.
The A2ii presented emerging microinsurance business models from 25 jurisdictions around the globe, focusing on related risks and regulatory implications for supervisors. The presentation provided a snapshot of the A2ii synthesis note “Evolving Microinsurance Business Models and their Regulatory Implications” that will shortly be circulated for consultation with IAIS members. The synthesis note is based on an analysis of all A2ii country diagnostic studies undertaken so far and several other studies, globally.
Self-assessment and Peer Review on Regulation and Supervision supporting Inclusive Insurance Markets:
The International Association of Insurance Supervisors (IAIS) and the Access to Insurance Initiative (A2ii) have launched the Self-Assessment and Peer Review (SAPR) on Regulation and Supervision supporting Inclusive Insurance Markets. This SAPR assesses the supportiveness of supervisors to the cause of enhancing inclusive insurance markets.
If you would like to participate in or receive more information about the IAIS self-assessment, please contact the A2ii secretariat for assistance: secretariat[at]a2ii.org
Download more information on SAPR [pdf, 25kb]
Download SAPR questionnaire [pdf, 983 kb]