AFRICA COLLEGE OF INSURANCE AND SOCIAL PROTECTION
(ACISP)

"The Bridge between Industry and Academia"

Registration No: REG/BTP/133P

ABOUT THE INSURANCE REGULATORS & SUPERVISORS PROGRAM


The overall objective of this program is to facilitate the training of insurance regulators in Africa in line with the International Association of Insurance Supervisors (IAIS) core curriculum and insurance market international best practice.

After completing the program, officers will be able to:

  • (a) Balance the role of market protection and market development.
  • (b) Engage effectively with players to bring insurance penetration.
  • (c) Implement best practices in insurance regulation and compliance.
  • (d) Increase pace in inclusive insurance development.

PROGRAM SCOPE

The insurance regulators program is tailored to specific areas of regulatory operations including:

  • (a) Training for directors and managers: Regulating modern insurance industry for growth and penetration achieving a balance between protection and development.
  • (b) Training on Licensing and Market Conduct Supervision.
  • (c) Training on Surveillance and Prudential Supervision.
  • (d) Training on Insurance Legal Enforcement.
  • (e) Training on Supporting Regulatory Functions.
INSURANCE REGULATORS MODULES

Key Modules

  • • Introduction to insurance industry and its regulation.
  • • Foundations of Insurance Regulation.
  • • Institutional Structure of Insurance Regulation and Supervision.
  • • Improving access to insurance through regulation.
  • • Regional regulatory developments – evolving insurance risk & regulation.
  • • Reforms in insurance regulation and supervision.
  • • Insurance regulation and supervision outlook beyond 2020.
  • • Insurance regulation, human rights and natural hazards.
  • • Introduction to Financial Regulations.
  • • Consumer assistance and customer care
  • • Coaching for sustainable regulation.
  • • Ethical consideration for regulators.
  • • Financial Analysis Solvency Tools.
  • • Critical thinking for regulators
  • • Insurance and sustainable development.
  • • Sustainable insurance agenda for insurance supervisors and regulators
  • • Proportionate Regulatory Frameworks in Inclusive Insurance.
  • • Market Conduct.
  • • Market Analysis Techniques.
  • • Regulation of Solvency.
  • • Regulation of insurance products.
  • • InsureTech and Regulation.
  • • Sandboxing.
  • • Fraud investigation.
  • • Introduction and Assessment Methodology.
PROGRAM APPROACH AND METHODOLOGY

Program Methodologies

  • • Our program is built on modern organization impact training framework as seen below.
  • 5ps of leadership

Training Approach

  • • Our training courses have been carefully identified and designed based on thorough assessment of organization needs. Each course leverages on the wealth of knowledge amassed from our experts.
  • • All modules are delivered by top-notch contemporary trainers from across the globe using adult learning methodologies that have proven to increase knowledge retention and encourage immediate skills application.
EXPECTED OUTCOMES

Upon completion of this program, the officers are expected to:

  • (i) Learn the foundations of insurance regulation.
  • (ii) Contrast Structure of Insurance Regulation and Supervision.
  • (iii) Understand basics of financial regulation.
  • (iv) Learn consumer assistance and care.
  • (v) Improve critical thinking skills.
  • (vi) Understand regulation of products, reinsurance & solvency.
  • (vii) Learn technological aspects of regulation and sandboxing.
  • (viii) Learn market analysis & conduct best practices.
  • (ix) Understand regional regulatory development and trends.
  • (x) Learn the role of regulators in enhancing insurance access.

Program Levels Action
MODULE 1: INTRODUCTION TO INSURANCE CORE PRINCIPLES AND THE ROLE OF THE REGULATOR More Details
MODULE 2: REGULATING LIFE INSURANCE BUSINESS More Details
MODULE 3: REGULATING NON - LIFE INSURANCE BUSINESS More Details
MODULE 4: REGULATING SOLVENCY AT THE REGULATOR'S LEVEL More Details
MODULE 5: REGULATING SOLVENCY AT THE COMPANY LEVEL - ORSA AND STRESS TESTING More Details
MODULE 6: RISK MANAGEMENT AND RISK BASED SUPERVISION More Details
MODULE 7: MARKET CONDUCT More Details
MODULE 8: CONSUMER PROTECTION More Details
MODULE 9: GROUP SUPERVISION More Details
MODULE 10: INTERMEDIARY REGULATION More Details
MODULE 11: CORPORATE GOVERNANCE More Details
MODULE 12: LEADERSHIP FOR INSURANCE REGULATORS More Details