As long-time MiN members ILO's Impact Insurance Facility and Cenfri celebrate a decade of existence this year, they took stock of the progress made over the last ten years and also looked ahead to what is to come in the world of inclusive insurance.
Insurance matters more than ever the ever-changing world of risk. Over the last ten years, there has been a significant uptake of insurance by emerging consumers driven by banks, MFIs, MNOs and retailers, however have prducts offered through these channels delivered value to clients?
In the coming decade, more integrated risk management solutions – combining savings, credit and insurance – to offer greater value for consumers and small businesses are expected. At the same time, a changing provider landscape may threaten the role of insurers, forcing them to adapt their business models and form partnerships with new digital players.