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.

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News & Stories



GIZ launches MEFIN Network and RFPI II Asia

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.








RFPI Asia at the APEC SME Finance Forum 2015

For most micro, small and medium enterprises (MSMEs), lack of efficient and sustainable access to finance is most often ranked as the key issue preventing them from effectively participating in economic activities and global value chains.





MI in the Philippines

The Response to the Typhoon Haiyan (Yolanda)

According to the official Philippine Poverty Situation (2006) around 28 million Filipinos live below the poverty threshold.


GIZ, Supports Indonesia in the Launch of Microtakaful Prototype Product, "Si Bijak"

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) through its regional flagship program on microinsurance, Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia (RFPI Asia), supports Otoritas Jasa Keuangan (OJK) – the Financial Services Authority of Indonesia, General Insurance Association of Indonesia (AAUI), Life Insurance Association of Indonesia (AAJI), and the Association of Islamic Insurance Indonesia (AASI) in the launch of microtakaful product prototype during the Microinsurance Market Indonesia (Pasar Asuransi Micro Indonesia) held at Indonesia’s third largest city of Bogor, West Java





Stakeholders Workshop In Thailand

GIZ-RFPI Asia highlighted its program, best learned practices and approach to support partner regulators in the recently concluded ADB-led fora, The OIC FPO Forum and The Microinsurance Stakeholders’ Forum last April 29 & 30 at the Windsor Suites Hotel, Thailand.



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Where We Are In The World

Mutual Exchange Forum on Inclusive Insurance (MEFIN) Countries


Indonesia

Mongolia

Nepal

Pakistan

Philippines

Sri Lanka

Vietnam


Our Partners

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:

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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

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