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The Role of Insurance Supervisors in Boosting Women’s Access to Insurance

Women’s access to insurance contributes to the mandate of insurance supervisors to maintain a fair, safe, and stable insurance market, and more broadly, sustainable development. Yet, this potential of women’s insurance is still to be realised as available data indicates women are currently underserved by the insurance sector. This very much reflects the wider context of the persistent financial inclusion gender gap. While it is generally understood that women’s access to insurance is low in emerging markets, the precise situation is unclear due to insufficient sex-disaggregated data at the national, regional or international level. Nevertheless, many multistakeholder partnerships are advancing women’s access to insurance by increasing the supply of tailored solutions. These customer-centric products address women-specific risks, vulnerabilities and access constraints and have proven successful in increasing insurance penetration among women in some markets. This report is a high-level situation assessment by A2ii based on which it would define the next steps towards promoting women’s access to insurance. This briefing note provides the opportunity to reflect on the progress since A2ii’s initial exploration of the gender dimensions in insurance access from a supervisory perspective