Index insurance solutions have been around for a number of years. However, supervisory frameworks to support their development and ensure consumer protection are still in the early stages of their evolution and development.
These best practice regulatory guidelines are a step in the right direction to better regulating and encouraging index insurance-based solutions to build the capacities of insurance supervisors and regulators to create enabling market conditions for successful inclusive insurance interventions.
This publication is brought to you by the Pacific Insurance and Climate Adaptation Programme (PICAP) and the Access to Insurance Initiative (A2ii).
PICAP is jointly administered by the United Nations Capital Development Fund (UNCDF), the United Nations Development Programme (UNDP) and the United Nations University Institute for Environment and Human Security (UNU-EHS).
The programme receives financial support from the Governments of New Zealand, Australia and Luxembourg. The Fiji component is additionally funded by the Government of India through the UN Office for South-South Cooperation (UNO