The Asian
Development Bank (ADB) is
providing a two-year USD750,000 grant from the ADB-administered Regional
Cooperation and Integration Fund to examine market supply and demand for
microinsurance in China and Mongolia. The grant will address policy, regulatory
and institutional barriers in the region’s microinsurance sector.

ADB will work with the Access to Insurance Initiative (A2II), a global program
launched in 2009 with the International Association of Insurance Supervisors
(IAIS) – the international standard setting body for insurance regulation and
supervision. The Initiative seeks to link development agencies and industry
supervisors to promote expanded insurance services to the poor worldwide.

A Memorandum of Agreement has been signed under which the German development
agency and secretariat of the initiative, GTZ, will provide co-financing of about USD178,000 and will
engage in and support work agreed with ADB and A2II. The ADB, A2II, and GTZ
teams will work with the Chinese Insurance Regulatory Commission and Mongolia
Financial Regulatory Commission.