Insights and perspectives

This blog provides a platform for sharing insights and perspectives on topical issues in microinsurance. If there is a topic you would like to write about, please contact the Network secretariat.

Microinsurance as an essential tool to advance financial inclusion

The European Microfinance Week which took place in Luxembourg last week (18-20 November 2015) was rich in new perspectives and insights into financial inclusion for sustainable development and included thought-provoking sessions on microinsurance.
Microinsurance following extreme climatic events
In the panel on “Financial Services to increase resilience to natural disasters”, Annalisa Bianchessi from the Microinsurance Network presented research on how microinsurance stakeholders responded to Typhoon Haiyan

Scaling up successful programmes to insure against climate risks

Scaling up programmes such as the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the African Risk Capacity (ARC) is one way the G7 is looking to insure 400 million people against weather extremes by 2020.
“The world is expecting extreme climatic events such as excess rain in East Africa, floods in Peru and drought in South East Asia, to name a few”, declared Jerry Skees from the University

Savings-linked microinsurance: Innovating to meet savings needs in Jordan

Millions of low-income people living across the Middle East and North Africa (MENA) region want a safe place to save… but can’t. Low-income individual can access a loan quite easily. But a savings account? Forget about it. Due to an age-old regulation in almost every country in the region, microfinance institutions (MFIs) are prohibited from offering savings to clients.

Getting the data right

“Getting the data right” was one of the key messages at the Paris 2015 Global Index Insurance Conference that took place on the 14th and 15th of September 2015. Information on past production yields, natural disasters and historical weather data is crucial for insurers to price the product premiums. In many countries, this information is neither available nor accurate enough for insurers. Climate change is causing increasingly harsh weather anomalies throughout the globe.

InsurTech promise for microinsurance – rising to the regulatory challenge

Digital technologies are rapidly changing the insurance landscape worldwide. In Africa currently, mobile insurance is prevalent, but other digital technologies are on the rise too,  helping to provide a large number of households with coverage for the very first time.

Technology, social inclusion and regulatory innovations in the insurance industry in Europe

The Microinsurance Network attended the 2017 FARAD Finance Forum which took place in Luxembourg earlier this month. Organised by FARAD International, an independent insurance broker specialised in the Private Life Insurance sector, the event was held as a full-day forum for the first time, and brought together players of the three pillars of the financial industry: the banking sector, the insurance industry and investment funds.

Automation using artificial intelligence poised to be the next game changer in the insurance industry?

InsurTech Integrated to launch discussions stressing the need to leverage the power and potential of advanced data technologies to achieve enhanced efficiency in business workflows.

Microinsurance innovators and The Financial Inclusion Challenge

While microcredit and savings have historically dominated the financial-inclusion conversation, there is growing recognition for the innovative ways that microinsurers are bringing services to the people who need them most.

“The Financial Inclusion Challenge” competition, run by The Wall Street Journal, showcases nonprofit and for-profit enterprises that are solving problems of financial access for the poor in the Asia-Pacific region.

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