R3Lab is a platform focused on addressing challenges faced by regulatory agencies through collaboration and cooperation. R3Lab platform will be developed to create an enabling regulatory environment by encouraging and facilitating regulatory and supervisory interactions between insurance regulators in Africa.  R3Lab focuses on offering customised capacity-building programs, peer-to-peer exchange platform, comprehensive learning toolkit, resource centre, data collection and reporting, and topical taskforces and forums for insurance supervisors in Africa.

Through the R3Lab, regulators and supervisors in Africa will strengthen their methodologies and develop solutions necessary to create an enabling regulatory environment. R3Lab will assist in solving identified gaps hence building a strong and effective regulatory and supervisory entity. The platform will be highly interactive and practical as it will encourage discussions, foster debate, and effectively transfer knowledge between supervisors.

The project objectives are:

• To increase supervisors and regulators knowledge and skills on implementing sound, proportionate and fit for purpose practices across the region.
• To support actions and initiatives and build on supervisors’ technical capacity to promote innovation and sustainable change.
• To foster networking with peers and more senior supervisors to identify and resolve supervisory issues faced in their ongoing work and address emerging regulatory issues.
• Build a multinational team of experienced leaders in regulatory and supervisory matters.