Supporting Effective Regulation and Supervision of Index-Insurance in Francophone Africa
The development of sustainable index-insurance markets requires enabling legal and regulatory environments. In addition to this regional regulatory change, the global index-insurance facility (GIIF) has supported national insurance supervision agen...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/375211490786411391/Data-for-index-insurance http://hdl.handle.net/10986/26339 |
| Summary: | The development of sustainable
index-insurance markets requires enabling legal and
regulatory environments. In addition to this regional
regulatory change, the global index-insurance facility
(GIIF) has supported national insurance supervision agencies
with this transition. In particular, GIIF has assisted the
Senegalese Insurance Supervision Agency with the development
of supervisory and customer protection tools for
index-insurance. This regulatory change has allowed the
development of index-insurance pilots in Benin, Burkina
Faso, Mali, and Senegal. Today, the CIMA region has a
population of more than 145 million people, 58 percent of
them living under 2 million dollars a day and most of them
depending on agriculture for their livelihoods (contributing
to an average of 30 percent of gross domestic product (GDP). |
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