Financial inclusion of low-income households has become a primary development agenda for many countries in Asia. Providing access to savings, credit, remittance and insurance is considered instrumental to achieving the poverty alleviation goal. Among these tools, access to inclusive insurance has received the least attention even as it offers significant impacts.
In global terms, African citizens remain the most vulnerable people with the least access to insurance. To change this situation in its country, the government of Kenya is aiming at a more inclusive and competitive financial services sector, in which microinsurance is to play a key role, by 2030. Ideas that challenge conventional insurance approaches seem to be the road to growth.
The Microinsurance Network is seeking a consultancy firm to conduct a study of the microinsurance landscape in Sri Lanka, as well as to make an assessment of the role of Mobile Network Operators (MNOs) who provide microinsurance services in Asia.
The objective of this study is to describe the general state of microinsurance in Sri Lanka, outline future trends, provide recommendations for a variety of stakeholders and assess the role of MNOs in Asia.
The Secretariat of the Network is recruiting a Microinsurance Expert. The incumbent is responsible for ensuring effective communication and visibility of the Network's activities as well as raising awareness about microinsurance among different stakeholder groups. The application deadline is May 13, 2016.
Click here to download the full job description and application details.
The 2nd Electronic and Mobile Payments in the Arab World Conference, organised by Arab Advisors Group, under the patronage of HRH Princess Sumaya bint El Hassan of the Hashemite Kingdom of Jordan, was held this past Monday, April 4 in Amman, Jordan. HRH Princess Sumaya opened proceedings, highlighting that a full array of financial services, including insurance is required to advance financial inclusion in Jordan.
InsuredHQ, who recently joined as member of the Network, is now attracting big players in the insurance industry worldwide.
Their new cloud-based IT system, which is designed to help improve insurance services in emerging markets, is making waves in the microinsurance sector, but also with big insurers, wishing to implement a more modern, inclusive service.
Institutional member Pauline Barratt, along with Matthew Davies were at the forefront of the concept from its inception, with
Save the date: 6th Consultative Forum on microinsurance regulation for insurance supervisory authorities and insurance practitioners on “Innovative products for the emerging consumer”, Wednesday May 11 and 12, 2016 in Marrakech, Morocco.