Law, Regulation and Resilience Policies Working Group (LRRP)
The LRRP is dedicated to developing insurance laws, regulations and public policy frameworks that enable and enhance sustainable development and economic and social resilience to natural catastrophes and other insurable loss events.
It also provides a source of expertise for global regulators and other public/private parties and it provides technical assistance to other IDF Working Groups. The activities of the LRRP are organised around three distinct but related initiatives:
Public policy engagement
- This involves engaging on broad public policy issues to sensitize and educate governments, legislatures, regulators and others regarding the importance of an appropriate enabling legal, regulatory and policy environment for insurance transactions.
Advocacy papers
- The working group has developed and published papers on numerous topics surrounding closing protection gaps in emerging and developing economies.
Regulatory capacity building
- Engaging with regulators on topics such as insurance risk modeling, and the use of parametric insurance products.
Implementation Work Highlights:
- Production of public good papers to share expertise and promote development of laws, regulation and policy that facilitate the development of effective insurance markets to enable resilience.
Advocacy and Engagement Work Highlight:
- Working with insurance supervisors and regulators across the world to contribute expertise through conferences, roundtables and own IDF convenings.
- Contribution to critical global policy development including for the APEC finance ministry officials, the G20, and others.
Law, Regulation and Resilience Policies Working Group (LRRP) Leadership
Working Group members
A2ii
ABIR
AIG
Allianz
Clyde & Co
Dr. George E Thomas
Hannover Re
Hebert Smith Freehills Kramer
ICMIF
Liberty Mutual
Marsh McLennan
Milliman
OECD
Prudential
PWC
Stephen O’Hearn
Tokio Marine Kiln
UNDRR
WCM Advisory
World Bank
Zurich Insurance Group