This program helps regulators and supervisors identify the developmental challenges in their insurance markets. It will examine common problems in both the insurance market and in how it is regulated and supervised. Although they can be long-standing, changes such as the growing importance of technology- and climate-related risks can exacerbate the level and urgency of the challenges. The program will identify steps that can be taken by insurers to deal with prudential and conduct risks, such as strengthening risk management and making greater use of innovative technologies. It will also highlight steps that can be taken by regulators and supervisors, such as implementing risk-based regulatory and supervisory frameworks, establishing policyholder protection schemes, and taking effective intervention and enforcement actions.
The program will include technical vignettes, group activities, and case studies. It will include sessions on how to develop action plans to deal with developmental challenges, and how to identify and communicate effectively with key stakeholders to achieve results.
The program is designed for senior-level staff and managers involved in insurance regulatory and supervisory activities. It might also be relevant to individuals working at government ministries whose responsibilities relate to the topics that will be covered. Participants should have at least three years of working experience in financial sector supervision, analysis, or policy, and be proficient in English.
To register, please contact Mrs. Lesego Mantu, Policy, Statistics and Industry Support, Prudential Authority, South African Reserve Bank (phone: 27 12 399 7969; email: Lesego.Mantu@resbank.co.za)
This program is held in partnership with: