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We are ready to tell our side of the story
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We are microinsurance advocates for low income populations
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We build partnerships so that access to low-cost, high impact insurance is achieved
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We work with stakeholders to create lasting impacts in Indonesia, Mongolia, Nepal, Philippines, Thailand and Vietnam and other countries
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We promote knowledge sharing to translate frameworks into practice
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We integrate globally accepted framework of insurance core principles
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We support the development of thematic inclusive insurance in agriculture, MSMEs, Health and Natural Catastrophes
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We want to keep pace with the outstanding microinsurance outreach in Asia and Oceania
Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia (RFPI Asia)
Financial inclusion of low-income households has become a primary development agenda for many countries in Asia. Providing access to savings, credit, remittance and insurance is considered instrumental to achieving the poverty alleviation goal. Among these tools, access to inclusive insurance has received the least attention even as it offers significant impacts.
The Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia (RFPI Asia) program seeks to improve access to insurance in the region by building the capacities for insurance regulation and supervision and by promoting the development of innovative insurance solutions for the low-income sector.
News & Stories
RFPI Asia, a regional program of GIZ headquartered in Manila, has been supporting the Insurance Board of Nepal (Beema Samiti) since 2013 in the promotion of microinsurance or inclusive insurance especially for the-low income sector.
Being online is important as it provides a reliable and free venue to communicate with others but majority still has trust and security issues.
A seminar with the theme, “Microinsurance: Strengthening the Universal Health Care System” was held at the Insurance Commission (IC) on 08 November 2016.
Ho Chi Minh, Vietnam, 20 January – After a successful implementation of the Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia Program (RFPI Asia), the German Federal Ministry for Economic Cooperation and Development (BMZ) approved the funding and implementation of a second phase of this regional program.
More News & Stories
Where We Are In The World
Mutual Exchange Forum on Inclusive Insurance (MEFIN) Countries
Partner-Indonesia
The Financial Services Authority (OJK) is a state agency established under Act. No. 21 of 2011. It envisions to be a trustworthy monitoring institution that oversees financial services industry, in order to protect the interests of consumers and public, and to be able to bring about the financial services industry into becoming a pillar of national economy with global competitiveness as well as capability to promote public prosperity.
OJK is an independent institution and is free from interference from other parties. It's missions are the following:
- To realize the convening of all activities in financial sector so that they are managed regularly, fairly, transparently, and accountably
- To realize a sustainable and stable financial system
- To protect the interests of consumers and public
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Mongolia- Financial Regulatory Commission (FRC)
On January 24, 2006, the Law on Legal Status of the Financial Regulatory Commission (FRC) established the Financial Regulatory Commission of Mongolia. This marked the new financial regulatory system in the country which separated banking and non-banking institutions. FRC and RFPI Asia’s cooperation lie in the Commission’s defined steps in reforming Mongolia’s capital and insurance markets through its regulatory oversight activities in line with international best practices and standards.
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Nepal- Beema Samiti
Beema Samiti is the Insurance Regulatory Authority of Nepal constituted under Insurance Act 1992 to systematize, regularize, develop and regulate the insurance business in the country. As a regulatory body, Beema Samiti is charged to create a professional, healthy and developed insurance market. Beema in Nepali means Insurance while Samiti means Board. Generally, the Samiti looks after all the insurance-related activities in the State of Nepal.
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The Ministry of Finance (MOF)
The Ministry of Finance (MOF) is the government ministry responsible for the finances of the state of Vietnam, including managing the national budget, tax revenue, state assets, national financial reserves and the finances of state corporations. The Ministry manages the work of national accounting, state borrowing, the activities of stock markets, and the Department of Customs.[1] Ministry main offices are located in Hanoi. The Ministry of Finance directly owns and controls some state companies, such as Bao Viet Insurance, of which it owns 71%
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Awesome. I have it.
Your couch. It is mine.
Im a cool paragraph that lives inside of an even cooler modal. Wins
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Awesome. I have it.
Your couch. It is mine.
Im a cool paragraph that lives inside of an even cooler modal. Wins
×
Awesome. I have it.
Your couch. It is mine.
Im a cool paragraph that lives inside of an even cooler modal. Wins
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GIZ RFPI Asia Reviews Impact of Microinsurance Regulation in Nepal and Introduces Insurance as a Disaster Risk Financing Option in addition to Disaster Risk Preparedness
