Insurance has a critical role to play in helping vulnerable people around the world manage their risks. As a financial shock absorber and an enabler of economic activity, insurance is most effective when complemented by risk-reducing strategies and measures that help prevent losses in order to make insurance solutions more accessible, affordable and sustainable. This was agreed by microinsurance experts from across the globe at the annual member meeting of the Microinsurance Network last week in the Grand Duchy of Luxembourg. The meeting was opened by Mr. Romain Schneider, the Luxembourg Minister for Development Cooperation and Humanitarian Affairs, who highlighted the Government of Luxembourg’s ongoing commitment to supporting financial inclusion worldwide.