The 7th IAIS - A2ii Consultation Call on "IAIS and A2ii activities: opportunity to tell us what you need!" will take place on Thursday, 20 November at 10am and 4pm CEST.
Please register until 17 November 2014 by sending an email to consultation.call[at]a2ii.org. Kindly indicate if you wish to participate in the 10am or 4pm call and the questions you would like to discuss around the topic of “IAIS and A2ii activities”.
To download the presentations and notes of the last calls please visit our consultation call archive.
A2ii-Toronto Centre-CIMA Microinsurance Training Program for Insurance Supervisors in Africa
Monday, November 24, 2014 - Friday, November 28, 2014, Libreville, Gabon.
Click here for more information and subcription.
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.
Agricultural Insurance - Update from the fourth Consultation Call
The fourth IAIS-A2ii consultation call focused on agricultural insurance and its regulatory implications. The call was held on Thursday June 26 and was attended by over 30 supervisors from across Asia, Africa and Latin America and the Caribbean. The experts on call were Richard Carpenter, International Legal and Regulatory Consultant, Michael Hafeman, Actuary and Independent International Consultant on Financial Sector Regulation and Supervision and Peter Wrede, Actuary and Senior Insurance Specialist, GIIF IBRD Program Coordinator, World Bank.
The experts presented an overview of current trends in agricultural insurance, specifically focusing on index insurance and the challenges it poses to supervisors. Mr. Sriram Taranikanti from the Insurance Regulatory and Development Authority (IRDA), India - the new chair of the IAIS Financial Inclusion Subcommittee - welcomed the participants to the call, highlighting the importance of agricultural insurance in his own jurisdiction.
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]