ASEAN insurance regulators on December 6 held a plenary meeting with representatives from the business sector.

The dialogue, within the framework of the 16 th ASEAN InsuranceRegulators Meeting (ARIM) underway in the central city of Da Nangfrom December 4-6, allows regulators and businesspeople to consult eachother, thus figuring out appropriate policies addressing challengesfacing the region’s business sector.

At themeeting, the representatives from the business sector - the ASEANInsurance Council (AIC), ASEAN Insurance Education Committee (AIEC) andASEAN Natural Disasters Research Works Sharing (ANDREWS) - were informedof the outcomes of ASEAN insurance regulators’ working sessions twodays previously, which focused on the implementation of ASEAN FinanceMinisters’ decisions and the development and challenges facing theregional insurance sector.

They then made proposals to AIRM on accelerating interaction and partnerships in the upcoming year.

The proposals paid heed to improving insurance workforce training,setting up achievable goals for the business sector in coping withincreasing natural disasters, and recommending Public-PrivatePartnership improvement so as to propel micro insurance.-VNA