The paper outlines practical and implementable actions that governments, supervisors, and the insurance industry can take to address the natural catastrophe insurance protection gap.
The IAIS and the World Bank Group developed an input paper for the G20 Sustainable Finance Working Group. The paper outlines practical and implementable actions that governments, supervisors, and the insurance industry can take to address the natural catastrophe insurance protection gap.
The event, hosted during the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings, brought together senior leaders from governments, central banks and supervisors, the private sector, and international organisations to discuss strategies and solutions for addressing the widening NatCat insurance protection gap.
Following consultation in 2024, the IAIS has now published its Application Paper on fair treatment of a wide range of consumers.
CGAP will become the new host and convenor of the Access to Insurance Initiative (A2ii) effective 1 July 2025. This partnership, shaped by a thorough and inclusive consultative process, reflects the global recognition that access to insurance is critical for achieving global financial inclusion and financial health goals.
CGAP will become the new host and convenor of the Access to Insurance Initiative (A2ii) effective 1 July 2025. This partnership, shaped by a thorough and inclusive consultative process, reflects the global recognition that access to insurance is critical for achieving global financial inclusion and financial health goals.
This note drafted by staff from the IAIS, BIS Financial Stability Institute (FSI) and the Swiss Financial Market Supervisory Authority (FINMA) examines how reinsurers’ pricing and underwriting practices may affect affordability and availability of coverage for NatCat events.
An FSI Insights note has been published today entitled “Mind the climate-related protection gap – reinsurance pricing and underwriting considerations”. The note was drafted by staff from the IAIS, BIS Financial Stability Institute (FSI) and the Swiss Financial Market Supervisory Authority (FINMA).
In a joint note entitled “Uncertain waters: can parametric insurance help bridge NatCat protection gaps?”, staff from the IAIS and BIS’s Financial Stability Institute (FSI) present the results of a study on parametric insurance coverage for natural catastrophe (NatCat) risks, focusing on its design elements.
