The International Association of Insurance Supervisors (IAIS) has released the draft Issues Paper on Index-based Insurances for a public consultation. Index-based insurance is increasingly looked at as a means to manage weather and catastrophic events, support food security and enhance access to insurance. The proposed Issues Paper provides background on this product, describes practices and actual examples and identifies related regulatory and supervisory issues and challenges.

 

 

 

The draft paper and consultation tool are at this link. The consultation will end on 29 January 2018.