Proposed activities. Proposed activities Activity 1: Situation review First step Review of insurance market in Peru: Identify the main elements of.

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Presentation transcript:

Proposed activities

Activity 1: Situation review First step Review of insurance market in Peru: Identify the main elements of the presented case study Analyze the impact of the first regulation enacted by SBS in 2007. Analyze the impact of the second regulation enacted by SBS in 2009 and the regulations on insurance commercialization from 2010. Review the findings of the microinsurance market diagnosis.

Activity 1: Situation review Second step: After reviewing the case study, answer the following questions. Did developing microinsurance require a specific regulation? How can the regulator foster the development of the microinsurance market? What role does financial education play in developing the microinsurance market? What factors do you think contributed to accomplishing the outcomes presented in the Peru case study?

Activity 2: Developing a solution Possible alternatives: After having reviewed the situation described in the case study, what actions would you recommend to address the issues? Define microinsurance in the regulatory framework and the conditions for commercializing it. Design a specific process to authorize insurance companies and brokers operating in the microinsurance market. Establish a specific process to register model policies and/or standard policy conditions to ensure compliance with the required simplicity and transparency for microinsurance. Other…

Activity 3: Role of market players Identify the role of the relevant market players in view of the actions recommended in the previous activity. Role of insurance regulator and supervisor. Role of insurance industry. Role of insurance sellers. Role of other government agencies (Ministry of Social Inclusion and Development, Ministry of Economy and Finance, other).

Los Laureles 214, San Isidro, Lima – Perú Central telefónica: (01) 630-9000 www.sbs.gob.pe