Maldives | February 20, 2025 – UNDP Maldives partnered with the Maldives Monetary Authority to enhance insurance stability and sustainability in the country. The collaboration recently led to the successful Risk-Based Capital & Actuarial Regulations Validation Workshop, which marks a key milestone in strengthening the insurance sector.

The workshop, held on February 20, 2025, focused on aligning the Maldives' insurance sector with international standards, aiming to bolster its regulatory framework and ensure its resilience in the face of future challenges.

By introducing new regulations and strengthening existing frameworks, the initiative will ensure that the country’s insurance industry remains robust, competitive, and able to manage risks effectively. This is crucial for promoting long-term sustainability and stability in the sector, benefiting both insurers and policyholders alike.

The workshop underscores UNDP Maldives' continued commitment to supporting financial sector development and promoting sustainable economic growth in the Maldives.