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Issues in Regulation and Supervision of Microinsurance

Jun 01, 2007 | IAIS, CGAP Working Group on Microinsurance | IAIS, CGAP Working Group on Microinsurance
Written mainly for an audience of insurance supervisors, this paper explains the current state of microinsurance which is being developed for the low income population on the basis of prudent insurance business principles; its important role in developing inclusive financial systems particularly in emerging markets, and why it needs to be regulated and supervised along professional lines. The paper also identifies issues and challenges in developing an enabling regulatory framework for promoting microinsurance in line with the IAIS Insurance Core Principles (ICPs).