Features
Key Insights from the Microinsurance Network June Member Meeting: Day 2
Day 2 of the Microinsurance Network June Member Meeting in Luxembourg emphasised the importance of inclusive finance and microinsurance in addressing global challenges like climate change. Key discussions focused on improving data collection, particularly sex-disaggregated data, to better tailor insurance products for vulnerable populations. Laura Rosado highlighted the annual Landscape survey's role in gathering consistent data, while Milena Kozomara from the Access to Insurance Initiative (A2ii) introduced the FeMa Meter tool to identify and measure inequalities. Elias Omondi representing the International Actuarial Association discussed strategy for developing emerging markets insurance ecosystem through partnerships and innovation. Additionally, examples of successful collaborations, such as Blue Marble's work with coffee farmers in Colombia and AXA's partnership with the UN's Universal Postal Union, were shared. The day's sessions concluded with insights on building resilience in the agricultural sector through insurance, featuring contributions from the World Food Programme and Insurtech IBISA and a discussion organised by the Smallholder Farmers Best Practise Group about 6 different questions. Overall, the meeting underscored the need for industry-wide collaboration and technological innovation to advance microinsurance.
By invitation: Dirk Reinhard reflects on the inclusive insurance industry’s growth
Dirk Reinhard, Vice Chair of the Munich Re Foundation and long-time organiser of the International Conference on Inclusive Insurance (ICII), reflects on the evolution of the inclusive insurance industry over the past 20 years. From the early days of microinsurance focused on low-income populations to the broader concept of inclusive insurance that now includes climate risk mitigation, the industry has undergone significant changes. As the 20th ICII approaches, set to be held in Kathmandu, Nepal, Reinhard discusses ongoing challenges, particularly in distribution, and emphasises the importance of collaboration and knowledge sharing among key stakeholders to support the growth of the microinsurance market, close the insurance protection gap, and enhance the resilience of vulnerable communities.
Meet our new institutional members
Direction Nationale des Assurances | Côte d'Ivoire
The Direction Nationale des Assurances de Côte d'Ivoire is a central administration within the Ministry of Economy and Finance, operating under the direct authority of the Director General of the Treasury and Public Accounting. The DNAs are responsible, within the member states, for: promoting the insurance sector; safeguarding the interests of policyholders and beneficiaries of insurance and capitalisation contracts; protecting the savings held by insurance companies in relation to technical reserves; acting as an expert and immediate advisor to national authorities on insurance matters; and providing general supervision of the insurance market.
Nigeria Microfinance Platform | Nigeria
The Nigerian Microfinance Platform (NMP) is the leading network uniting key stakeholders in the Nigerian microfinance sector. Facilitated by the Central Bank of Nigeria (CBN), the NMP brings together microfinance regulators, government agencies, microfinance banks (MFBs), microfinance institutions (MFIs), the National Association of Microfinance Banks (NAMB), credit bureaus, international investors, training institutions, universities, and research organisations. With 37 institutional members, including WSBI, GIZ, the AFOS Foundation, Oikocredit, and others, the NMP serves as a vital collaboration hub for advancing financial inclusion in Nigeria.
Unibienes is a Bolivian insurance company that provides coverage for risks within Bolivian territory and abroad, in the areas of general insurance, health insurance, surety insurance, or other types as established by current regulations. The company safeguards the assets of Bolivians and foreigners who place their trust in this entity through the acquisition of insurance policies.
MiN, Members & Partners: Upcoming Events
- FASECOLDA | Seguridad y salud en el trabajo | Webinar | 28 de Agosto | Regístrese aquí
- International Actuarial Association (IAA) | International Actuaries Day 2024: Actuarial Intelligence - The AI Enhanced Actuary | Online | 2 September | Register here
- Swiss Re Foundation | Entrepreneurs for Resilience Award 2024: Award ceremony | 4 September 2024 | Register before 31 August 2024
- DHAN Foundation | Nineteenth Advanced Reflective Education and Training Programme (ART) on Mutual Insurance | 10-13 September 2024 | Hybrid | Register here
- International Conference on Inclusive Insurance 2024 | 21-25 October 2024 | Kathmandu, Nepal | Early bird registration is now open with a special discount for our institutional members available (register before 31 August)
MiN, Members & Partners: News, Blogs & Resources
- The role of technology in the growth of microinsurance (by MiN's Asier Achutegui)
- MiN blog: Insurance as a Driver of Social Change: Reflections from the ILO Course (by Alejandra Chavarria Moreno) | Available in English & Spanish
- ADA: Lessons learnt from promoting sustainable and responsible finance in Cambodia
- African Risk Capacity Limited (ARC Ltd): Integrated Annual Report 2023
- Securities and Exchange Commission of Pakistan: Insured Pakistan: Pools Dynamics
Jobs, Internships & RFPs
- ADA | Consultant on financial de-risking mechanisms | Apply by 31 August 2024
- AFC Insurance Company | Accounts Clerk | Apply by 28 August 2024
- CIC Insurance Group Plc | Head Of Debt Reconciliation | Nairobi, Kenya | Apply by 29 August 2024
- EFU Life | Executive Officer | Karachi, Pakistan | Apply here
- MIC Global | Manager - Tax & Compliance | Bangalore, India | Apply here
Elsewhere in the sector…
- Ethiopian Tradition Sparks Insurance Revolution
- How Liberty Life is Making Health Insurance Accessible for All Nigerians
- Mandi Literacy and Development Committee Empowers Over 250,000 with Microinsurance in Himachal
- Microinsurance Innovation Hub | Transforming Microinsurance: How Digital Health Technology is Empowering the Underserved
- Oxfam Novib | Green Inclusive Finance in Sub-Saharan Africa: Enabling environments, challenges, and opportunities