Access to Insurance Initiative Newsletter 072015

Welcome to our newsletter, where we update insurance regulators and supervisors on the work of the Initiative and inform you about events and publications.

Visit us at www.a2ii.org

Announcement

The Initiative is looking for an intern based in Eschborn, Germany to support the Secretariat.
If you are interested in the position, we are looking forward to your online application until 26 July 2015.

Now online!

FSI Connect “Regulation and Supervision Supporting Inclusive Insurance Markets”
Together with the Financial Stability Institute (FSI) the A2ii worked on the conversion of the IAIS-A2ii Training Module on Regulation and Supervision Supporting Inclusive Insurance Markets into a FSI Connect Format. The purpose of this 1 hour training is to widen the range of training module users by giving supervisors an introduction to the most important topics of the Core Curriculum Module, and also to help support supervisors to implement effectively the application guidance supporting inclusive insurance markets as set out in the IAIS Application Paper on the same topic.

Please note that the IAIS is kindly sponsoring a limited number of free licenses for supervisors for the FSI Connect tutorial.
For more information on obtaining a licence and how to access the FSI Connect tutorial, please contact fsiconnect@bis.org.

Recent Events

A2ii - Toronto Center - ASSAL - SBS Training on Inclusive Insurance for Insurance Supervisors
|8-12 June 2015| Lima 
Almost 30 insurance supervisors from 10 Latin American countries participated in the Inclusive Insurance Training Program, which took place from 8 – 12 June 2015 in Lima. The training which draws from the IAIS Application Paper on Inclusive Insurance employs interactive tools and methodologies to build the capacities of insurance supervisors. Michael Hafeman, Director at Toronto Centre, guided the participants during the one-week workshop which covered themes such as financial inclusion, innovations in products and distribution, as well as the challenges that beset the expansion of access to inclusive insurance. Michael Kofi Andoh, Head of Supervision at the National Insurance Commission (NIC) of Ghana and Mirla Barreto Verástegui, Executive Coordinator at the Insurance Supervisory Authority Peru (SBS) explained what measures have been taken in their respective jurisdictions to improve access to insurance.

Caribbean Association of Insurance Regulators (CAIR) Insurance Conference and Meeting
|10-12 June| Trinidad
A2ii presented on a panel on “Micro insurance regional initiatives“ together with Elizabeth Smith, Financial Services Commission (FSC) Jamaica. A2ii started with an overview of its work as the IAIS’ implementation partner on financial inclusion, followed by an introduction to major inclusive insurance regulatory challenges and trends from a global perspective. Ms Smith then provided specific insights into risks and challenges in the Caribbean and how Jamaica has started working on developing and implementing a microinsurance roadmap, supported by A2ii and the IADB. The presentations were followed by a lively discussion on challenges associated with the development of inclusive insurance markets in small island states, the viability of microinsurance schemes in general and non-traditional distribution models.

IAIS Global Symposium
|15 -17 June| Macau
The A2ii presented alongside Jonathan Dixon, Financial Services Board, South Africa and Ekrem Sarper, National Association of Insurance Commissioners, US, on a panel discussing the role of the IAIS Implementation Committee. The panel examined the strategic context of the IAISs work in implementation and how adoption of the Coordinated Implementation Framework has led to more regionally focused engagement. As the main implementation partner of the IAIS on financial inclusion the A2ii described how it works with the IAIS and its members to support the establishment of an enabling regulatory environment for financial inclusion in line with the IAIS Insurance Core Principles (ICPs).