21 September 2020 - 23 September 2020
Other sector event
Language: English, Spanish

 

The three webinars organised by MiN in cooperation with the Katie School of Insurance and Risk Management, will cover the research done by the students and include their presentations, moderated by James R. Jones, Executive Director, Center for Risk Management, Insurance, and Financial Services, Illinois State University (Katie School of Insurance and Risk).

The agenda:

  • Monday (21 September 2020, 5pm CEST)

Webinar 1: Creating a fertile environment for microinsurance

Presenters:

Eric Agyemang, Masters Student studying Actuarial Science and Statistics at Illinois State University. BSc in Actuarial Science at University for Development Studies, Ghana.

Mani Venkateswaran, Masters Student studying Mathematics and Actuarial Science at Illinois State University. BSC in Mathematics from Rensselaer Polytechnic Institute, New York. USA.

Moderator: James R. Jones, Executive Director, Center for Risk Management, Insurance, and Financial Services, Illinois State University (Katie School of Insurance and Risk)

Insurance has an important role to play in helping households improve their resilience to unfortunate events and is therefore a necessary condition for achieving a number of the UN Sustainable Development Goals (SDGs). Despite this, the use of insurance by low-income households in developing countries and emerging markets is highly variable, and many countries are struggling to reach scale. Students used an evidence-based econometric approach to identify the key country factors correlated with the successful development of inclusive insurance markets.

The results will be of interest to donors, policymakers, insurers, and distribution channels seeking to identify the leading indicators for inclusive insurance markets to reach scale.

  • Tuesday (22 September 2020, 5pm CEST)

Webinar 2: What happened to the “S” in “ESG”?

Presenters:

Sara Haouassia, Student, Master of science in Mathematics: Actuarial sequence and Master of science in Applied Economics: Financial economics Illinois State University. BSc. Engineering and management science with a minor in Finance from Al Akhawayn University in Morocco.

Brendan Leibforth, Undergraduate Student majoring in Risk Management and Insurance, and Finance. Illinois State University.

Taylor Copas, Undergraduate student, Majoring in Spanish and International Business with sequence in Accounting/Finance. Illinois State University.   

Harrison Porter​, Majoring in Accounting and minoring in Computer Science. Illinois State University.

Moderator: James R. Jones, Executive Director, Center for Risk Management, Insurance, and Financial Services, Illinois State University (Katie School of Insurance and Risk)

ESG requirements have been gaining increasing attention from regulators and investors around the world. That said, the dance floor is dominated by green concerns while the social measures – including diversity and support for financial inclusion – of insurers’ sustainability practices lurk like pale wallflowers in the shadows. Using a sample of 117 insurers and 19 insurance brokerage firms, students analysed the social component of insurers' sustainability practices especially as they relate to supporting inclusive insurance, emerging customers, diversity, women’s empowerment, and risk management education ​. The sample comprises members of the Microinsurance Network, the Insurance Development Forum, signatories of the UN Environment Programme Finance Initiative Principles for Sustainable Insurance (UNEP-PSI), and  the world’s top 25 insurers by assets and top 19 brokers by revenues.

The results should be of interest to everyone – especially the companies covered!

  • Wednesday (23 September 2020, 5pm CEST)

Webinar 3 - Solving the Mystery of Pricing Microinsurance

Presenter: Kyle Stablein - Graduated this summer from Illinois State University with a M.s. in Actuarial Science. Has a Bachelor’s degree in Economics and a Minor in Mathematics also from Illinois State University.

Moderator: James R. Jones, Executive Director, Center for Risk Management, Insurance, and Financial Services, Illinois State University (Katie School of Insurance and Risk)

Pricing microinsurance has sometimes vexed both regulators and industry professionals. With actuarial capacity limited in many developing countries, microinsurance pricing can seem mysterious. This presentation seeks to address this, and suggests a tool kit which can be used to  deal with the lack of actuarial capacity by providing areas where non-actuarial professionals can support microinsurance pricing.

* Simultaneous interpretation into Spanish will be available.

Register now (members only)