Inside the Initiative
Enhancing regulatory and supervisory capacity,
growing financial inclusion and advancing insurance markets
The Access to Insurance Initiative launches its first “Inside”, a publication that introduces the Initiative and presents its goal, aspirations and activities to partners and all interested parties. The “Inside” also provides details on the Initiative’s four key activity areas:
- Building knowledge and learning;
- Undertaking country projects;
- Contributing to IAIS standard-setting and
- Advocacy and engagement in international platforms.
“Inside” further explains how the Initiative works and its plans for the future.
The Initiative is entering the next phase of its life. Work in the four activity areas is expanding and the search for partners and funding is on-going. In future, the Initiative will continue to hold dialogue events and training seminars. As evidence of the impact of policy and regulatory changes on market development becomes available, it will share these lessons with supervisors and others. Increasing focus will be placed on consumer protection, index-based insurance and health insurance. Also, the Initiative plans to develop innovative training programmes. It will continue to carry out country diagnostic studies and implementation support, expanding geographic reach (for example to cover the Pacific, the Caribbean, Middle East and North Africa and Central Asia regions) and to gain momentum in implementation support. As it takes time to implement a reform agenda, the Initiative takes a multi-year view of country-level implementation support. The Initiative will continue to work with the IAIS as its strategic partner. It will also strengthen and expand other partnerships that advocate financial inclusion and share a financial inclusion agenda. Though a relatively new organisation, the Initiative is excited to play a role in promoting policy and regulatory change and sound supervisory systems in emerging insurance markets. The Initiative looks forward to working with supervisors and partners towards that goal.