If this message is not displayed properly, click here please.

A2ii logo
Newsletter 10/2019

Welcome to our monthly newsletter, where we update you on the work of the Initiative, inform you about events and publications, and share experiences and learning on inclusive insurance regulation and supervision across jurisdictions.

Follow us on Twitter @a2ii_org for news and updates on #inclusiveinsurance.


On 2 and 3 September, the A2ii’s High-Level Forum and Expert Symposium took place in Frankfurt, Germany, marking 10 years of the Access to Insurance Initiative. Over 70 supervisors, development partners and leading experts in inclusive insurance field discussed the regulatory approaches trends, achievements over the past ten years as well as the opportunities and challenges that lie ahead.

In his keynote speech, the IAIS Secretary General, Jonathan Dixon, emphasised that financial inclusion is integral to achieving supervisors’ goals of financial stability and consumer protection.

Going forward, the IAIS’s new strategic plan will be putting much greater emphasis on implementation and supervisory practices, in particular in the area of digital and financial inclusion. With this, Dixon sees a greater role for the A2ii in the future.

Watch the recording of the conference:
Welcome address and introduction to the event  - Hannah Grant, Head of A2ii Secretariat and Peter Braumueller, Chair of the A2ii Governing Council
Keynote speeches - Jonathan Dixon, IAIS and Michael Krake, BMZ
High-level panel: insurance for sustainable development - Moderator: Victoria Saporta, Bank of England, panellists: Babak Abbaszadeh, Toronto Centre, Axel Klaphake, GIZ, Tomás Soley Pérez, SUGESE
Panel II: 10 years of inclusive insurance regulation, achievements and regulatory challenges - Moderator: Arup Chatterjee, ADB, introductory presentation: Hui Lin Chiew, A2ii, panellists: Lorenzo Chan, Pioneer Life and Retail Organisation, Jacky Huma, FSCA, Thomas Wiechers, FSDA
Interactive session I: interactive dialogue with supervisors - Moderator: Hennie Bester, CENFRI, supervisors: Syed Nayyar Hussain, Insurance at Securities and Exchange Commission of Pakistan, Grace Mohamed, NAMFISA, Namibia, Elias Omondi, IRA, Kenya, Maria Augusta de Queiroz Alves,SUSEP, Brazil
Recognition of A2ii partners and supporters - Hannah Grant and Peter Braumueller
Recap of day 1 and panel III: impact of insurance regulation - Hannah Grant provides a summary of the discussions on day 1,  panel III moderator: Craig Thorburn, World Bank, panellists: Lau Chin Ching, Bank Negara Malaysia, Craig Churchill, ILO Impact Insurance Facility, Dr. Ana Gonzalez-Pelaez, University of Cambridge Institute for Sustainability Leadership
Plenary session: exploring trends and key challenges in regulating inclusive insurance - Moderator: Denise Garcia, Financial Stability Institute
Interactive session III: looking ahead – new frontiers in inclusive insurance - Facilitator: Michael McCord, MicroInsurance Centre at Milliman
The A2ii is preparing an outcome document of the conference that will expand on the key messages.
More background information on the event and the first ten years of the A2ii you will find on our anniversary page.

Recent Events

IAIS Standards Assessment Working Group Meeting
10-11 September, Guernsey
A2ii presented the status of the joint A2ii-IAIS project on developing an ICP self-assessment tool at the Standards Assessment Working Group Meeting hosted by the Guernsey Financial Services Commission in September. The ICP self-assessment tool is an online tool for supervisors to self-assess their observance of the IAIS Insurance Core Principles. The A2ii and IAIS Secretariats will be formally launching the website at the IAIS annual conference in Abu Dhabi in November 2019.

A2ii-IAIS Consultation Call on Cyber Risk in the Insurance Sector
26 September
On this call, experts defined what cyber risks and cyber-attacks are and gave examples of the types, costs and implications of cyber threats and attacks on the insurance and financial sectors. The call also explored regulation and supervision aspects, as well as how insurers can respond to cybersecurity issues. The IAIS Application paper and Issues Paper published on the same theme were drawn upon to present guidelines for supervisors to develop and or strengthen their cyber security. Presenters at the calls were Marcelo Ramella, Deputy Director, Financial Stability at Bermuda Monetary Authority (BMA), Andrea Camargo, the technical expert of the A2ii and director of Inspowering, Glory Kasasi, Principal ICT Examiner, Pension and Insurance Supervision from the Reserve Bank of Malawi, Jennifer McAdam, Senior Counsel at the National Association of Insurance Commissioners (NAIC), and Marcelo Adrián Borre from SSN Argentina.

For supervisors who could not attend this call, the presentations and the report of this call will be available here on the A2ii website.

Upcoming events

17th Consultative Forum on Climate and Disaster Risk for insurance supervisory authorities, insurance practitioners and policymakers “Climate and disaster risk: building resilience, bridging the protection gap in Asia”
4 November, Dhaka, Bangaldesh

In 2019, our Consultative Forums explore how insurance providers, policymakers, insurance regulators and supervisors can collaborate to reduce the protection gap and help to build resilience in the face of climate risk and natural disasters.The 17th Consultative Forum will provide a platform for dialogue between these stakeholders, as well as the opportunity to meet with and learn from colleagues and experts involved in climate change from Asia and other regions.Key themes:
  • Why does the protection gap exist and why does it matter?
  • What barriers do actors from both the private and the public sectors need to overcome to build the resilience of vulnerable households and small businesses to climate change?
  • Which innovative approaches have been addressing vulnerability to climate change and building resilience to shocks at scale?
  • How can sovereign insurance and microinsurance reinforce and not undermine one another?
The Forum is jointly organised by the International Association of Insurance Supervisors (IAIS), the Access to Insurance Initiative (A2ii), the Microinsurance Network (MiN), and the InsuResilience Global Partnership, and is hosted by the Bangladesh Insurance Association (BIA) and Munich Re Foundation. It will take place alongside the 15th International Conference on Inclusive Insurance in Dhaka, Bangladesh.Follow this link to download the Save the Date and the Agenda and to register.
Inclusive Insurance Training Programme for Latin American Supervisors
18 November, San José, Costa Rica
The Training Program in Inclusive Insurance for Latin American Supervisors is jointly organized by the Superintendencia General de Seguros (SUGESE), the Association of Insurance Supervisors of Latin America (ASSAL), the Access to Insurance Initiative (A2ii), the International Association of Insurance Supervisors (IAIS), and the Toronto Centre.

The training is aimed at medium to high-level officials of regulatory and supervisory authorities that participate in the regulation and supervision of microinsurance and inclusive insurance in the Latin American region. For the first time this training will be conducted in Spanish.

For more information and to register, please follow this link.

If you don't want to receive any more messages (to: unknown@noemail.com) any longer, you can unsubscribe free of charge at any time.