Features
Data-driven solutions to close the protection gap for MSMEs
Micro small and medium enterprises (MSMEs) are a vital part of the global economy. They account for 90% of businesses and are a source of more than 50% of employment worldwide. In emerging markets, they contribute up to 40% of the national income. Despite this, they face many challenges, particularly when it comes to accessing financial mechanisms such as insurance.
The Microinsurance Network’s Insurance for MSMEs Best Practice Group (BPG) has been working to address these challenges since it launched seven years ago. Most recently, the group has focused on one of the biggest barriers to insurance uptake among MSMEs: the lack of tailored solutions.
Agricultural microinsurance in Palestine: Building the seeds of climate resilience
Agriculture is a significant part of Palestine's economy, employing 12% of the formal workforce and around 90% informally. Yet farmers face risks from climate change, political instability, and limited market access. Restrictions on movement and trade, limited access to natural resources, and the overall political situation have also hampered the territory’s agricultural sector. Among these risks, the impact of climate change is considered the most pressing for farmers in Palestine.
Meet our new institutional members
Fédération Marocaine de l’Assurance (FMA) | Morocco
The FMA is a non-profit association composed of twenty-five insurance and reinsurance company members. Its primary objectives are to protect the professional interests of these companies, represent the industry in interactions with public authorities and third parties, disseminate information to the public and the industry, and execute its responsibilities, sometimes in partnership with other institutions, to ensure the overall interests of the insurance sector are maintained.
Gallagher Re is a prominent global reinsurance broker, known for helping clients access capital through strategic solutions designed for volatile markets. Their specialists work closely with clients, using advanced data and analytics tools to identify and secure optimal reinsurance solutions.
IBISA is a Luxembourg-based InsurTech company focused on providing end-to-end solutions to protect businesses and underserved communities worldwide against climate change in a cost-efficient, scalable, and sustainable way. They design and operate innovative parametric insurance coverages.
IBISA collaborates with insurers and distribution partners. Their team consists of experts in insurance, technology, data analysis, and risk management, ensuring they have the right mix of skills to deliver successful products. Their operations span several countries, including those in Africa, India, the Philippines, Guatemala, and New Zealand.
MiN, Members & Partners: Upcoming Events
- Young Insurance Professionals (YIPs) Africa with support from ILO Impact Insurance Facility, IFAGE & Microinsurance Network: The Role of Young Insurance Professionals in Promoting Inclusive Insurance in Africa | 30 April 2024 from 2:00 pm CEST| Online | Register here
- Microinsurance Network & UNDP: Bridging Gaps, Building Futures: Microinsurance in 2023 and the Path to the SDGs & Launch of The Landscape of Microinsurance 2023 | 2 May 2024 from 10:00 am - 12:00 pm CEST | Centre du Domaine de la Pastorale, Geneva, Switzerland (by invitation) & online (open for all) | Register here
- MiN June Member Meeting 2024 | 18-20 June 2024 | Register now (members only)
- ABOCOSER, Microinsurance Network, Munich Re Foundation | Primer congreso latinoamericano de seguros inclusivos | Santa Cruz, Bolivia, del 15 al 19 de Julio | Regístrese ahora
- International Conference on Inclusive Insurance 2024 | 21-25 October 2024 | Kathmandu, Nepal | Call for proposals (deadline – 9 May 2024)
Recap past events:
- Belgian Raiffeisen Foundation (BRS) Microfinance Lunch Break. Is digital inclusion the way to job creation and poverty alleviation? | Watch the recording
- International Conference on Inclusive Insurance 2023 Report
MiN, Members & Partners: News, Blogs & Resources
- Microinsurance Network | Landscape 2024: Call for in-country consultants in South Africa, Thailand and Vietnam
- APA Insurance Limited: Celebrating Earth Day – Promoting Sand Dams for Climate Resilience
- CARD Pioneer earns microinsurance benchmark
- ILO: Spanish-offered online course "Seguros para el desarrollo" ("Insurance for Development") | 27 May – 28 June 2024 | Enroll by 29 April 2024 and benefit from a scholarship provided by the MiN
- The Social Impact Journal Podcast by Rural Inclusion | Episode 32 - The Rise of Mobile Money with Rishi Raithatha
Jobs, Internships & RFPs
- Microinsurance Network | Executive Director | Apply by 8 May 2024
- A2ii | Regional Coordinator for Sub-Saharan Africa | Apply by 10 May 2024
- Ada’s Smallholder Safety Net Upscaling Programme (SSNUP): Call for projects for impacts investors active in sub-Saharan Africa | Apply by 30 April 2024
- Access to Finance Rwanda | Request for Proposals For Consultancy to Support AFR in Analyzing the MSME FinScope 2024 Survey Dataset and Producing a Report on Rwanda MSME Financial Inclusion | Submission deadline – 10 May 2024 5pm CAT
- CIC Insurance Company | Head of marketing and communication | Apply by 30 April 2024
Elsewhere in the sector…
- Ghana’s National Insurance Commission promotes inclusive insurance to enhance access
- Independent Newspaper Navigates New Growth Path For Insurance Sector
- Irdai Unveils New Rules To Make Health Insurance More Inclusive
- Pakistan: Regulator calls removing taxation layers on insurance products an imperative