Features
The importance of sustainable insurance
The past few years have seen the world’s stability tested in more ways than one, from the ongoing consequences of climate change to the impact of the pandemic – and as we have seen, it is those countries with a financial safety net that are able to ‘weather the storm’, to ‘bounce back’, and ultimately ‘build back better’.
To ensure a sustainable future, however, the whole world needs to be cushioned with financial support, and yet for nearly 80% of the world’s population, this simply isn’t the case. The MiN is on a mission to improve this protection gap, and a big part of the challenge is ‘putting the S back into ESG’.
Inclusive insurance marketplaces – highlighting innovative distribution in Latin America
Distribution of inclusive insurance to vulnerable communities remains absolutely key, yet a persistent challenge. In this article, we shine a light on a particular Latin America success story in Argentina where an innovative concept has achieved spectacular results and produced a template that others can follow.
EstáCubierto specialises in delivering affordable insurance policies to cover the needs of low-income households.
Country Focus: El Salvador
Insurance penetration in El Salvador is low and it is imperative that public-private partnerships and development partners work in tandem to drive forward effective and inclusive change.
Important socio-economic and structural reforms need to be addressed but there are some encouraging signs of progress in terms of designing a favourable environment for microinsurance development in this densely populated Central American country.
MiN & Members: Events
Recap past events
- MiN: Looking Ahead – special open session at JMM 2022 – celebrating 20 years of driving inclusion | watch recording
- ADA: Sustainable insurance: a meeting of two worlds | Watch recording and view photo gallery
- IDF Summit 2022: Purpose, protection, perspectives | Watch the recordings and more
- IFAD & MIC at Milliman: Putting the customer front and centre: practical tools for developing customer-centric inclusive insurance for smallholder farmers | watch recording
- InsuResilience Global Partnership: Toward greater financial resilience – enhancing the global disaster risk finance architecture | watch webinar recording
- Munich Re Foundation, FinProbity Solutions & TAG | 7th Eastern and Southern Africa Regional Conference on Inclusive Insurance: Inclusive Insurance Business Models for Africa | Read summary & download speaker presentations
- The Geneva Association – Insurance development in emerging markets: the role of public policy and regulation | watch panel discussion
- UNEP-PSI: The PSI after 10 years – amplifying sustainable insurance in the UN’s Decade of Action | read the recaps and watch the recordings
Upcoming events
- International Conference on Inclusive Insurance 2022: 24-28 October 2022 | Kingston, Jamaica | Registration opens in August – stay tuned!
- ILO’s Impact Insurance Facility online course – Insurance for Development | 19 September-21 October | Application deadline: 11 August
MiN, Members & Partners: News, Blogs, Jobs & Resources
- MiN’s Annual Report 2021 is now out | download now
- MiN: El Salvador Country Briefing Note | Download report
- MiN – Making insurance inclusive for all: a concrete step in closing the protection gap
- MiN & ILO Impact Insurance Facility: Client value analysis of hospital cash plans – a comparison of 6 products
- A2ii: Recent regulatory updates in inclusive insurance
- ADA’s Annual Report 2021 | download now
- ADA publishes project results from OKO in Mali: Index-based agricultural insurance | download document
- BBC’s CEO secrets – how WWB attracts more men
- Blue Marble is recruiting for multiple positions – find out more and apply now
- Britam: How private insurers can bridge UHC access gap
- Cenfri – Private sector partnerships for MSME resilience: learnings from Africa
- CGAP: Peruvian authorities pilot tool to improve consumer listening
- Democrance’s Tanja Magas joins Couchonomics podcast to speak on “Introducing innovation to insurtech"
- e-MFP: Championing the female economy – the advantages, challenges and opportunities
- Etherisc: Pilot insights – Driving climate resilience for smallholder farmers in Kenya through smart contract weather index insurance
- Grameen Crédit Agricole Foundation & ADA: First SSNUP project completed in Senegal
- ILO’s Social Finance Programme publishes Annual Report 2021 – download now
- MIC Global commences underwriting at Lloyd’s through syndicate 5183
- SSNUP Annual Report published
- UNEP-PSI: Managing ESG risks in life and health insurance business | download report
- WFP: Reasons to support access to climate risk insurance
- Women’s World Banking’s response to Global Findex 2021
Elsewhere in the sector...
- ARC: Malawi to receive parametric drought insurance payout
- aYo Ghana CEO gets pan-African role as company looks to accelerate growth
- Bangladesh: A tangled web of bottlenecks
- Busting insurance myths
- China rains trigger Guandong parametric catastrophe insurance
- Empowering women one credit at a time with the W+ Standard
- Global Parametrics: ARDIS entering its 5th year – reflections, successes and its future
- GSMA: State of the industry report on mobile money 2022 | download now
- How data is shaping tomorrow’s insurance at the heart of the customer experience
- ISF Advisors: The challenge of climate financing for agri-SMEs
- The Geneva Association – Insurance development in emerging markets: the role of public policy and regulation | download report
- Turaco has job openings across Africa | apply now
- What do insurance leaders need to be?
- World Bank to avail technical assistance to boost small-scale farming in Namibia
- Zimbabwe: Agriculture index insurance project launched