“Insurance as a Means of Socio Economic Development” is the main theme for the 16th annual conference of the International Association of Insurance Supervisors (IAIS) which opens this Wednesday in Rio, Brazil. A growing number of insurers are tapping into markets in developing countries through microinsurance projects which provide low cost insurance to individuals generally not covered by traditional insurance or government programs. The opening session at the IAIS will address challenges in identifying appropriate regulation and supervisory tools to facilitate access to insurance without distorting the market. Speakers will also discuss regulation and supervision of alternative providers of insurance and proportionate regulation of microinsurance providers. Check out I.I.I. facts and stats on microinsurance.

Read the rest of this great post here