On 19 July 2016, Insurance Europe released a position paper on the International Association of Insurance Supervisors' (IAIS) Application Paper on Regulation and Supervision of Mutuals, Cooperatives and Community Based Organisations in Increasing Access to Insurance Markets.  This welcomed the recognition of such organisations' distinctive role in the insurance sector.  However, it suggested that it may be overly ambitious to attempt to simultaneously (a) address such organisations' roles in enhancing access to insurance markets and (b) set out supervisory approaches for the application of the IAIS's Insurance Core Principles to such organisations.  Insurance Europe recommends that these objectives be examined separately (given that the role of such organisations is not only to provide insurance access in emerging/developing markets but also to participate in well-developed, diverse insurance markets).