Index Insurance Best Practices- Public Dialogue

Tuesday, February 28, 2023

This webinar will take place on 28 February, from 13:00 to 14:15 CET and will be open to the public. The platform used will be Webex and there will be simultaneous interpretation in French and Spanish.

Due to its innovative approach, Index insurance is rapidly growing in popularity as an alternative to traditional indemnity-based insurance.  For those regions that are most exposed to natural disasters, index insurance has the potential to provide coverage to those who are most affected by these types of events. Index insurance has many potential benefits; it can reduce administrative costs, allow for the claims settlement process to be quicker, and can reduce moral hazard, among others.

Insurance regulators, have a crucial role to play for the development and implementation of viable index insurance products. A sound regulatory framework that enables the necessary market conditions, while at the same time ensuring consumer protection is necessary for the success of index-insurance based products.

In partnership with the UNCDF, the next A2ii-IAIS Dialogue will present the key insights from the joint A2ii-UNCDF paper on “Index insurance best practices for insurance regulators and practitioners in the Pacific Island countries”.  The webinar will showcase regulatory guidelines designed to support regulators when they engage with index insurance-based solutions.

Stay tuned! Further speakers will be confirmed soon.