1. IAIS 23rd Annual Conference Major Projects Update Panel Presentation on Implementation Committee, Jonathan Dixon, Chair, IC Asunción, 10 November 2016

2. Overview of work of the IC
Monitoring of Implementation
Supervisory Capacity Building
Financial Inclusion
Supervisory Cooperation

3. Overview of work of the IC
Monitoring of Implementation
In 2016, we launched assessments on:
Macroprudential Surveillance and Reinsurance
Supervisory Cooperation and Information Exchange
In addition, we developed a plan for assessment and monitoring of implementation of G-SII policy measures to launch in 2017
Key Achievements in this area:
Over 115 Countries have participated in IAIS Assessments
Average of 70 countries participate in each assessment, representing all IAIS regions and economic / insurance market development
Over 1000 ICP Assessment s have been completed to date
Recognised by FSB, IMF, World Bank and others as providing a robust tool for assessment

4. Overview of work of the IC
Supervisory Capacity Building
In 2016, we continued our efforts to enhance the availability of capacity building tools and opportunities
With FSI, 8 insurance seminars including FSI-IAIS FIRST ONE
Provided financial support for 10 regional seminars
Launched comprehensive programme to review and revise the Core Curriculum
Partnered with A2ii on consultation calls, regional seminars, consultative forums
Conducted survey on capacity building and development needs
Key Achievements
Since 2013, 1700 Supervisors participated in IAIS sponsored events
Demand for IAIS financial support has increased approximately 20% since 2013
With FSI, innovative programme for new supervisors (FIRST ONE) - participation growth averaging 30% per year, with over 200 participants in the current programme
96 Jurisdictions have participated in the A2ii – IAIS Consultation Calls .

5. Overview of work of the IC
Financial Inclusion
In 2016, we finalised Application Paper on Mutuals, Cooperatives and Community Based Organisations
We have also been working on:
An application paper on product oversight
An application paper on digital technology
An application paper, in partnership with the International Actuarial Association, on actuarial practices in in inclusive insurance
An issues paper, with the World Bank, on index based insurance.
Supervisory Cooperation
Welcomed another 5 authorities to the MMoU for a total of 61 signatories, with another 14 jurisdictions at some stage in the validation process T

6. Overview of work of the IC
Application Paper on MCCOs
Recognition of important role of MCCOs in supporting financial inclusion and improving access to insurance
Distinguishing features of MCCOs merit special treatment in respect of a proportionate application of the ICPs
Apply relevant ICPs with proper regard of MCCO context and limited to aspects in which proportionate application is called for
Specific consideration for:
Formalisation and Licensing
Corporate Governance
Capital
Portfolio transfer, demutualization, etc.
Supervision and supervisory review