ClydeCo-Resilience-Inclusive Insurance Report


New landscape means new laws

Many of the innovations now in play have the potential to rapidly change the landscape of inclusive insurance provision in emerging markets. The combination of new products, new customers, new partnerships and new distribution channels will inevitably raise legal and regulatory considerations. It is of course vital that any new market entrants or capital providers understand the markets in which they will be

operating and innovate to suit emerging consumers. It can take time for legislators and supervisory authorities to adapt to innovative offerings and enshrine suitable product standards, licensing and capital requirements in national law or regulation. In the meantime, there can be overlap, an over-engineering of requirements and uncertainty. All of this might hold back growth in insurance market development.

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