Thursday, May 28, 2015
The Microinsurance Network supported Insurance Europe's 7th International Conference in Luxembourg this week.
Around 400 insurance companies and associations from across the world came together to discuss issues around the globalisation of the insurance industry and challenges in regulation.
Although the conference focused primarily on topics relating to commercial insurance in traditional markets, GFIA chair Dirk Kempthorne highlighted in his keynote speech the important work FIDES is doing in microinsurance, and some of the break-out sessions concentrated on issues closely linked to microinsurance, such as adapting to extreme events and the global insurance protection gap.
In the breakout session on adapting to extreme events which featured David N. Bresch, Swiss Re, and Karen Clark, Karen Clark & Co, as speakers, the case was clearly made for the importance of transparent and mutually beneficial public-private partnerships for sharing risk, the benefits of long-term investments in infrastructure, and the leading role insurers must play in public discussions on climate change.
Next year's conference will be hosted by Insurance Ireland in Dublin, Ireland, and will centre around the theme of "The clients of tomorrow"