Virtual Cross-Cutting Program on Risk-Based Supervision (RBS) and Proportionality for Insurance Supervisors and Regulators from Africa

Monday, August 9, 2021 - Friday, August 13, 2021

Program Objectives 

To help supervisors address the challenges of supervising the new normal, this regional program is designed to assist insurance supervisors in becoming more effective and nimbler in their work to better allocate resources, affect change and deliver results. This will allow them to focus on the areas of greatest risk in their institutions and in their industry. The program will also incorporate cross-cutting themes such as market development, gender equality and financial inclusion, and climate risk. It will also include training on communication with key stakeholders: an essential skill required to implement RBS. 

This program is designed to enhance participants’ understanding and gain a practical perspective on:

  • RBS developments in the insurance sector in Sub-Saharan Africa (SSA).
  • Key concepts, principles and general approach for an effective implementation of RBS.
  • Proportionality in supervision and UN SDGs and its benefits to supervisors, regulators and regulated entities, and to the wider financial system.
  • Incorporating climate related risks in RBS. 
  • How to assess business models, identify significant activities and assess the performance of board, senior management and the independent oversight functions such as internal audit, risk management in a regulated entity e.g. an insurance company.
  • How to conduct RBS on-site examination in the new normal (during and post COVID-19). 
  • The importance of early intervention and how this can lead to a stronger supervisory authority, enhanced public confidence, greater financial stability and financial inclusion.

This is a highly interactive program which will include technical vignettes, group activities, and real-life examples and case studies.

Target Audience & Timings

The first day of the program (half-day on August 9) will bring together Commissioners, Deputy Commissioners, Heads of Supervision and Heads of Support areas such as Actuarial, Compliance, and Policy and Research. 

The remaining four days of the program (consecutive half-days on August 10 – 13) are designed for middle- to senior-level officials involved in the supervisory oversight of financial institutions and related activities. Participants should have at least three years of working experience in financial sector supervision, or policy and regulatory analysis, or market development including financial inclusion and gender equality policies. Participants must be proficient in English.

Timings: Monday to Thursday 13:00 to 17:00 hours; Friday 13:00 to 15:30 hours, Rwanda (CAT) time.

This program is not open for registration. Please contact Jennifer Singh or Dilme Niyonizeye if you are interested in this program.

This program will be held virtually in partnership with:

Program Materials

Program Contact

Jennifer Singh