Insurance Supervisors’ Responses to COVID-19

The importance of insurance has been amplified in the face of the COVID-19 pandemic. The COVID-19 pandemic constitutes one of the largest shocks to the African continent in recent times. Beyond this negative impact, the pandemic has also amplified the importance of the insurance sector’s role in development and in supporting the resilience of businesses and individuals. Insurance can help manage risks and transfer funds to individuals and businesses when unexpected crises like COVID-19 hit, and it can aid in economic recovery by enabling capital to flow into investments and lending practices.

In partnership with FSD Africa, this session will explore the impact of different supervisory responses to COVID-19 in SSA to understand the key considerations, risks and opportunities for SSA insurance regulators in the medium- to long-term.

In the webinar, the presenters will discuss:

• Regulatory responses to COVID-19 and the adequacy and efficacy of these responses – from the perspective of regulatory authorities themselves, as well as from the perspective of market players.
• How insurance supervisors can better manage the risks and capitalize on the opportunities for the sustainable development of their markets in the face of large-scale/widespread risks (including, but not limited to, COVID-19).