ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will take charge of the Mutual Exchange Forum on Inclusive Insurance Network (MEFIN) for 2017, a press release said on Friday.

Pakistan is set to chair the MEFIN, which is an Asian network of insurance policy makers and regulators from Indonesia, the Philippines, Vietnam, Nepal, Mongolia and Pakistan.

It is a platform for an effective and resourceful exchange of applicable knowledge and best practices on inclusive insurance.

The network serves as a platform for peer-to-peer learning among policy makers and insurance regulators in the region as it develops and implements programmes that provide mutual benefit to its members in advancing inclusive insurance solutions.

The second MEFIN Public Private Dialogue (PPD) was conducted in Hanoi, Vietnam, from March 14 to 16 together with Munich Re Foundation and Micro-insurance Network.

While chairing the network, Pakistan will welcome new countries into the regional network. The overall aim is to create effects of regulation and supervision along the dimensions of market development, institutional development and client value for the benefit of the poor.

A meeting of the MEFIN regional steering committee and learning sessions on micro-insurance also took place.

The PPD included regulation and supervision, distribution and technology and financial literacy/education.

The learning sessions included Disaster Risk Insurance for small and medium enterprises (SMEs), agriculture and health.

Published in Dawn, March 25th, 2017