Microinsurance Policy Seminar and Consultative Forum in Kigali
On June 4th and 5th 2014, the African Insurance Organisation (AIO), the Access to Insurance Initiative (A2ii), the International Association of Insurance Supervisors (IAIS), and the Microinsurance Network will host the "Policy Seminar on Microinsurance Regulation for Insurance Supervisory Authorities" in Kigali, Rwanda.
The format of this year’s policy seminar will be a consultative forum “Challenges and opportunities in enhancing client value in insurance – the African experience with new technologies". The forum will provide a platform for exchange between insurance supervisors and participants from the insurance industry and will focus on topics and strategies connecting regulation, supervision and policy, and industry action. The ensuing discussions will present an opportunity for providing feedback and guidance to each stakeholder group.
The Seminar will take place June 4 and 5, 2014 in Kigali, Rwanda. It is organised back to back with the 41st Conference and Annual General Assembly of the AIO.
For more information on the event click the following links: English, French
The programme of the event is available here
For the registration form click here
Call for proposal: Impact of microinsurance in the aftermath of typhoon Haiyan, Philippines
The Microinsurance Network, in partnership with the GIZ Regulatory Framework Promotion of Pro-poor Insurance Markets in Asia (GIZ RFPI) programme, is making a public call for consultant(s) to undertake:
‘A study to understand how microinsurance service providers responded and performed in terms of claims processing and benefits payments in the aftermath of typhoon Haiyan in the Philippines, and how it impacted the clients of these service providers’.
The study is expected to provide data based evidence and information on questions such as: How many claims (and amounts thereof) were paid by the microinsurance service providers in the aftermath of typhoon Haiyan? How did the microinsurance service providers respond to the claims made in terms of average processing time, documentation requirements, rejection rates, transfer of benefits etc.?
For detailed information on activity description, scope of work and consultant profile, please refer to the Terms of Reference for this activity here
Completed proposals should be submitted electronically to Manoj Pandey no later than April 25, 2014. The evaluation and selection of submitted proposals will be done by May 1, 2014. Consultants will be contracted by the GIZ RFPI.
IRIS launches updated metric catalogue, including Microinsurance Network KPIs
IRIS recently released an updated metrics catalogue, including microinsurance metrics in alignment with the Microinsurance Network Key Performance Indicators (KPI) (regrouping Social and Financial Performance Indicators) with and market-based feedback provided by LeapFrog Investments through their FIIRM framework. For more detail on the Microinsurance Network Performance Indicators, their alignment with IRIS metrics, and the rationale for their inclusion, click here.
More Information about IRIS:
IRIS is the catalog of generally-accepted performance metrics that leading impact investors use to measure the social, environmental, and financial performance of their investments. IRIS metrics align with a number of 3rd party standards, and proprietary metric sets. These metric sets represent a range of industries and are endorsed by leaders in each respective field. IRIS is offered as a free public good to support transparency, credibility, and accountability in impact measurement practices across the impact investing industry.
Inclusive Finance Network (InFiNe) Luxembourg to promote inclusive finance
Luxembourg puts a strong emphasis on the importance of sustainable development through financial inclusion by bringing together key stakeholders from the public, private and civil-society sector around this common objective.
The Inclusive Finance Network (InFiNe) is a new platform which will focus on developing knowledge and expertise by stimulating and coordinating exchange and collaboration amongst its members. It will also aim to strengthen and promote Luxembourg as a centre of excellence in the field of inclusive finance by building on its leading position in the financial and development sector.
The presidency is endorsed by Michel Maquil, former president of the Luxembourg Stock Exchange, who states: “In the past twenty years, Luxembourg progressively developed to become a pole of excellence for financial inclusion, especially in the field of microfinance. I am delighted by the prospect of extending and diversifying such activities.”
The Microinsurance Network is a member of the Board of Directors and will confirm insurance as a key risk management resource for low-income people when it comes to financial inclusion.
The initial activities of InFiNe will focus on:
- Adopting a stance on key themes in financial inclusion
- Representing its members at a national and international level
- Establishing synergies
- Strengthening the capacity of experts involved in financial inclusions (especially in the field of training and support to end users in financial inclusion)
InFiNe is the progressive continuation of the former "Table Ronde de la Microfinance au Luxembourg", an informal initiative run for the past ten years. The secretariat will be based at the House of Microfinance in Luxembourg city.
Blog: Agriculture microinsurance in Africa: to subsidize or not to subsidize?
This Center for Financial Inclusion blog by Annalisa Bianchessi, Communication Coordinator at the Microinsurance Network, covers the ongoing debate over subsidies in agriculture microinsurance, topic extensively debated at the conference “La microassurance agricole en Afrique de l’Ouest : réalités et perspectives” held in Paris in February. The blog reports on the key take-aways of the event, and provides concrete facts and numbers reflecting the agrarian panorama in Africa and their implications for microinsurance. More on this topic can be found in the Network publication The Emergence and Development of Agriculture Microinsurance (see pag on p 12-13).
Read the blog here