Features
The retirement time bomb: Pensions and insurance for emerging customers
As populations around the world continue to age, this is paving the way for a global pension crisis with the current model of traditional state pension systems struggling to meet the financial security needs of older citizens in retirement. This stark reality is particularly prevalent in most developing economies where systems are simply not fit for purpose or sustainable given the large informal labour force. In this article, we look at some of the alternatives from the private sector to bridge the gap and help mitigate widespread poverty among the aged.
By invitation: Doubell Chamberlain explains that microinsurance has not changed enough
Over the last few months, we have highlighted how different microinsurance providers have used technology or innovation to launch new products and reach untapped customers. We recently caught up with Doubell Chamberlain, the Founder and Managing Director of Cenfri, and a former Chair of the MicroInsurance Network, who gave his insights on the impact of technology and innovation on the industry. We asked a simple question: how has the microinsurance sector changed and how has the growth of insurtech impacted it?
MiN, Members & Partners: Upcoming Events
- International Conference on Inclusive Insurance 2023 – 23-27 October | Accra, Ghana | Register now and join us in Ghana | Already registered? Connect with other participants via Brella app (check your email for further instructions or reach out to info@munichre-foundation.org)
- International Conference on Inclusive Insurance 2023 Opening Ceremony | Join us virtually on Tuesday, 24 October, from 11:00am-12:30pm CEST | Register now
- International Conference on Inclusive Insurance 2023 | MiN Member Evening | Monday, 23 October 2023 from 19:30-23:00 local Ghana time | Haven’t received an invite? Reach out to us at info@microinsurancenetwork.org
- A2ii: Inclusive Insurance Training 2023 | 24 October – 16 November 2023 (online) | Register by 3 October 2023
Recap Past Events:
- Munich Re Foundation: Climate Academy 2023 - Climate Risk Adaptation | Saly, Senegal |23 to 29 September 2023 | Read the recap
- ILO, WHO, P4H and SPARKS Network Workshop: Universal social protection needed for prevention, preparedness and response to the next pandemic | Read the recap
MiN, Members & Partners: News, Blogs & Resources
- AFD: Working towards food security in West Africa: 5 AFD Group projects
- Cenfri: Remittances, a vital contributor to the SDGs
- CGAP: Success in Open Finance Requires Trust – Lessons from Brazil
- CGAP: What Does Financial Inclusion Mean for Young Women’s Well-being?
- Generali outlines protection gap plan with UNDP
Jobs, Internships & RFPs
- Ada | Editor & content writer | Luxembourg, Luxembourg | Apply by 27 October 2023
- Ibisa | Multiple job openings
- MIC Global | Pricing Director | Remote | Apply now
Elsewhere in the sector…
- Samoa launches its first ever Parametric Micro-insurance
- Belize boosts financial protection with new Insurance Act introduced on 1 October 2023
- The Rockefeller Foundation partners with Nepal Economic Forum & Himalayan Everest Insurance to address the escalating climate challenges faced by vulnerable communities in Asia