Ulaanbaatar /MONTSAME/ Dr. S.Davaasuren, Chairman of the Financial Regulatory Commission (FRC) has been appointed the Chair of the Mutual Exchange Forum on Inclusive Insurance (MEFIN), FRC reported on March 19.
The MEFIN is a peer network of insurance regulatory authorities in Asia established as a platform for an effective and efficient exchange of relevant knowledge and best practices on inclusive insurance. Members of the network elect the Chair and the Vice-Chair annually. In this year’s election, authorities from Regulatory Commissions of Mongolia, Sri lanka, Pakistan competed.
MEFIN was formed in May 16, 2013 through the assistance of the GIZ program on Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia (RFPI Asia) with regulators from six Asian countries who pledged to support inclusive insurance as a strategy for poverty reduction in the region.
Last year, Mongolia hosted the MEFIN Organizational Meeting and the 3rd MEFIN Public and Private Dialogue (PPD) in Ulaanbaatar on September 19, 2017.
The MEFIN Organizational Meeting kicked off today and the 5th MEFIN Public and Private Dialogue (PPD) will be organized between March 21 and 22 in Sri lanka, Colombia.