Application paper on regulation and supervision of mutuals, cooperatives and community-based organisations in increasing access to insurance markets

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The IAIS Insurance Core Principles (ICPs) need to be applied in a proportionate way, meaning that supervisors need to tailor certain supervisory requirements and actions in accordance with the nature, scale and complexity of individual insurers. This Paper describes Mutuals, Cooperatives and Community-based Organisations (MCCOs) and their features to promote appropriate and proportionate supervisory measures and avoid unnecessary regulatory barriers for MCCOs, focusing primarily on insurance supervisors seeking to enhance financial inclusion in developing markets.