The International Association of Insurance Supervisors (IAIS), the Access to Insurance Initiative (A2ii) and the Network are co-organising the 9th Consultative Forum on “Exploring challenges in scaling up insurance as a disaster resilience strategy for smallholder farmers”, to be held in Singapore on the afternoon of Tuesday, 14th of March.
Agricultural index-based insurance has shown promising developments for smallholder farmers so far. In addition to helping farmers manage day-to-day production risks, it also contributes to national disaster resilience by providing financial protection to a vulnerable community that often forms a large part of developing country populations. However, recent discussions among regional policymakers have revealed challenges in scaling up index insurance in a sustainable way. This Forum will discuss these challenges while highlighting how three equally critical stakeholders – insurance supervisors, policymakers and the industry – can cooperate and align their respective roles in addressing these challenges.
The half-day event (afternoon only), hosted by the Monetary Authority of Singapore (MAS) will bring together around 70 high-ranking representatives from the public sector, supervisory authorities and the insurance industry. The objective of the Consultative Forums is to bring about the dialogue between policymakers, supervisors and the industry which is critical in fostering knowledge and sound policymaking in the field of inclusive insurance.
Download all the presentations below:
Introductory presentation: "Setting the scene: How insurance contributes to better livelihoods and disaster resilience for smallholder farmers" - Craig Thorburn, World Bank
Panel: "Perspectives and challenges in scaling up agricultural index insurance":
- "Expanding the Agriculture Insurance Market in the Philippines: Lessons Learnt and Recommendations" - Jimmy Loro, GIZ RFPI Asia
- "Scaling up agricultural index insurance: Contributions from sovereign risk pools" - Dr. Simon Young, African Risk Capacity
- "Country experience: Thailand" - Busaraporn Rattanayod, Ministry of Finance, Thailand
- "Crop insurance initiatives in India: Some observations from experience" - Muniappan Karthikeyan, DHAN Foundation
Workshop: "Preparing and assessing an agricultural index insurance product proposal: An integrated approach from the perspective of supervisors, the industry and policymakers":
- "Preparing and assessing an agriculture index insurance product proposal" - Agrotosh Mookerjee, Risk Shield Consultants
- "Best practices and lessons learnt from Weather Index Insurance schemes in Sri Lanka" - Ravinda Herath, Sanasa Insurance
- "Index Based Insurance: The Kenyan Experience" - Joseph Owuor, Insurance Regulatory Authority, Kenya
The day following the event (Wednesday, 15 March), a learning visit to the Lloyd's offices in Singapore will be organised from 9-11am. Deadline to register is Friday, 10 March and places are limited and allocated on a first-come, first-served basis! For details, download the flyer here.