Features
The Landscape of Microinsurance: driving the market forward
In the second part of this mini-series of articles, we explore the current progress and achievements of the Microinsurance Network (MiN), focusing on the valuable and actionable market intelligence gleaned through the Landscape of Microinsurance series, used to change the world’s insurance markets steadily and surely, one data point at a time.
With viewpoints from members and an overview of the key achievements derived from the reports, this article highlights how the MiN is moving ever closer to delivering on its vision of a world where people of all income levels are more resilient and less vulnerable to daily and catastrophic risks.
Country Focus: Pakistan
While insurance penetration in Pakistan is lower than many other countries with similar socio-economic profiles, there is significant growth potential for its nascent insurance market. While significant challenges remain, there is a strong commitment from the public and private sectors to create an inclusive environment for insurance in this heterogeneous South Asian country. Our full monthly country briefing notes are available to download free of charge for members but also for non-members to purchase.
Segurísimo: Developing inclusive insurance in Colombia
For around 80% of the world’s population, access to financial services, such as insurance, is often limited, which is why we share best practice case studies with our members to help them deliver sustainable insurance services that work for consumer segments that are too often excluded.
This month’s success story comes from our member Seguros Mundial, which successfully deployed an inclusive insurance product to rural communities in Colombia.
MiN & Members: Events
- Book Launch with Mary Ellen Iskenderian (Women’s World Banking) | There's Nothing Micro About a Billion Women: Making Finance Work for Women | 25 April from 5:45 pm – 6:30 pm CEST | Online | Register now
- MiN: Save the date for our Ghana country workshop | May 2022 | Online
- International Conference on Inclusive Insurance 2022: Call for proposals is now open | Learn more and submit your proposal by 15 May
- A2ii, RFPI, MEFIN & MiN: Asia Regional Dialogue on "The Role of Insurance and Data in closing the Climate Risk Protection Gap" | 17 May from 9:00 am – 11:00 am CEST | Online | Register now
- MiN: Save the date for the Expert Forum on reaching MSMEs | 24 May | Online
- MiN: Save the Date for our June Member Meeting (JMM) 2022 – celebrating 20 years of driving inclusion | 27-29 June | Online | Register now (members only)
- NH Investment Partners webinar: Shifting the emphasis to the social in ESG | Watch the recording & download event material
- ODI: Pre-agreed disaster finance – the agenda that women’s advocates should be influencing | Watch the recording
MiN & Members: News, Blogs, Jobs & Resources
- MiN launches its Landscape 2021 study in Spanish, French and Arabic | Download report
- MiN: Pakistan Country Briefing Note | Download report
- MiN is offering two scholarships to attend the “Insurance for Development” course by ILO Impact Insurance Program (conducted in Spanish)| Apply by 6 May 2022
- Agriculture is not just a contributor to climate change. It is an essential part of the solution - IFAD’s reaction to the latest IPCC report.
- Britam & Penda Health present a new phone-based medical service for soon-to-be moms
- Cenfri: Enhancing risk assessment processes for improved remittance access
- Exclusive interview with Denis Duverne (AXA): Closing the protection gap by improving mitigation and adaption
- Etherisc becomes founding member of Lemonade Crypto Climate Coalition
- Become a microinsurance master with the Microinsurance Master accelerator | September 2022 | Apply now
- Insuresilience Global Partnership has launched its Annual Report 2021
- LeapFrog Investments unveils Creating Impact with Customer Experience report
- Mastercard Lighthouse MASSIV announces partnership between startups Investure, DDFinance and Jamii.one to accelerate insurance penetration in Africa
- MicroNsure: Harnessing the Power of Technology
- Munich Re Foundation has launched its Annual Report 2021
- New Director-General of the International Labour Organization elected
- Pioneer Insurance calls for tech to help develop Filipino smallholder farmers
- Tripartite Project Launched in Mexico by Ministry of Finance and Public Credit, the IDF, UNDP and the German Government, to develop an insurance programme to protect climate vulnerable farmers
- The ILO's Social Finance Programme is running a pilot for a new communication product, Emerging Insights
- Women’s World Banking: Understanding and Unlocking the Potential of Women Ultra-Micro Entrepreneurs in Indonesia
- GIZ is looking for Risk financing and insurance advisor in the context of natural disasters | Apply by 26 April
- WFP is looking for Climate Risk Insurance Expert | Apply by 13 June
Elsewhere in the sector...
- aYo Ghana celebrates 5th birthday as insurance market booms
- Faster action from insurers is critical to addressing climate risks – COP26 President Alok Sharma
- Insurers and global warming: time for a new business model
- Is Crypto the path to financial inclusion in Latin America?
- Roundtable report: The path to improved claims experience and efficiency
- Save the date: AFI Global Policy Forum 2022 | 5-8 September 2022 | Dead sea, Jordan
- Swiss Re’s Ivo Menzinger: Governments increasing engagement on public-private resilience solutions
- Takeaways from the African Microfinance Week (SAM) on overcoming the challenges and risks associated with digital transformation
- The investing gender gap is real. Here’s what to do about it
- The Lemonade Foundation turns to blockchain to protect subsistence farmers from climate change
- UN sets 5-year goal to broaden climate early warning systems