Microinsurance penetration rate to reach nearly 50% in the Philippines by 2022

Friday, January 27, 2017
Philippines Insurance Commissioner, Dennis Funa has said that the micronsurance penetration rate in the country is expected to nearly double and increase from 25.4%, seen at the end of Q3 2016, to 48.7% by 2022. Of the 26 million Filipinos (roughly a quarter of the total population) protected by a microinsurance product, 59% (15.6 million individuals) were generated by the Microinsurance-Mutual Benefit Associations (Mi-MBAs), according to Mr. Funa.
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The 7th Consultative Forum Briefing Note is out

Wednesday, December 14, 2016
In November 2016, the International Association of Insurance Supervisors (IAIS), the Microinsurance Network and the Access to Insurance Initiative (A2ii) organised the 7th Consultative Forum in Colombo, Sri Lanka, on “The role of mutuals, cooperatives and community-based organisations (MCCOs) in inclusive insurance markets”.
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Key takeaways from the 12th International Microinsurance Conference 2016

Friday, December 2, 2016
Innovation in technologies and their application in providing insurance to low income-people, climate change and disaster risk prevention, as well as a focus on Sri Lanka and drivers of growth in the Asian microinsurance market, were themes that permeated the 12th edition of the International Microinsurance Conference.
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8th Consultative Forum to be streamed live online

Thursday, December 1, 2016

Later today, over 80 representatives  from Latin American and Caribbean insurance supervisory authorities and the industry will gather in San José, Costa Rica for the 8th Consultative Forum on "Challenges and opportunities presented by alternative distribution channels". The event, co-organised by the International Association of Insurance Supervisors (IAIS), the Access to Insurance Initiative (A2ii) and the Network, will be streamed live online!

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12th IMC field trip: Discovering the Sanasa approach to mutuals

Thursday, November 24, 2016
Last Friday 18th of November, the Microinsurance Network took a small party of 20 participants from the 12th International Microinsurance Conference to visit the Cooperative society at Nawagamuwa, Sri Lanka, and find out about the Sanasa approach to cooperative mutuals. “The concept of mutuality is based on the fundamental premise...
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12th IMC kicks off in Colombo, Sri Lanka

Tuesday, November 15, 2016
The 12th International Microinsurance Conference kicked off in Colombo, Sri Lanka today. Opening speeches included welcome remarks by Dirk Pereira, President of the Insurance Association of Sri Lanka, and host organisation of the event, and Thomas Loster and Michael McCord, respectively Chairman of the Munich Re Foundation and Chair of the Microinsurance Network, co-organising entities of the conference.
Pereira, explained that the conference is an important stepping stone to accomplish what the regulator has set out to do in Sri Lanka.
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