PRESS RELEASE: The Microinsurance Network Welcomes New Director

15-year inclusion veteran is the new Executive Director of the Microinsurance Network.

 

Luxembourg, 23 July 2024: The Microinsurance Network (MiN), a non-profit association, is pleased to announce the appointment of Matthew Genazzini as its new Executive Director, effective 1 October 2024. Genazzini, a 15-year veteran in the field of inclusive finance, brings a wealth of experience and a strong commitment to promoting financial resilience among vulnerable communities. His tenure as a member of the MiN Board of Directors since 2019 further solidifies his capabilities.

Matt comes with 18 years of experience, 15 of which are in the field of inclusive finance, working with financial institutions in Africa, Southeast Asia and Latin America. His current employer, Appui au développement autonome (ADA), is another well-known Luxembourg-based non-governmental organisation working in the sector, making Mr. Genazzini familiar with the thriving inclusive finance ecosystem supported by the Government of Luxembourg.  He also leads ADA’s Smallholder Safety Net Upscaling Programme (SSNUP), a public-private partnership initiative to strengthen agricultural value chains with impact investors. 

The MiN, based in Luxembourg, is a network renowned for its commitment and expertise in inclusive insurance. With a diverse, global multi-stakeholder community of over 500 experts and practitioners from more than 70 countries, the MiN is committed to building a world where people of all income levels are more resilient and less vulnerable to daily and catastrophic risks through effective risk management tools. 

Lorenzo Chan, President and CEO of Pioneer Inc. and Chair of the Microinsurance Network Board, said: “In taking on the role of Executive Director, Matt’s involvement with the MiN comes full circle. In 2009, he was the communication and working group officer for the Network when it was still an initiative housed within ADA.  When the MiN became an independent entity, he remained with ADA to focus on numerous projects developing solutions for underserved segments of the population, which include working with migrants, cooperatives and agricultural producers. He likewise continued his involvement with the MiN as co-facilitator of the Performance Measurement Working Group, then becoming a member of its Board in 2019.

We are confident his keen understanding of inclusive finance, valuable experience on the ground and familiarity with managing donor and funding relationships will serve the MiN well in these evolving times as it carries on its mission to close the protection gap by contributing to financial resilience, especially against climate risks and threats to lives, health, livelihoods, and properties.”

Matthew Genazzini, the new Executive Director, expressed his vision for MiN’s strategic priorities: “The Microinsurance Network has and will continue to have a defining role in realising the full potential of microinsurance. I believe in a holistic approach to risk management and while insurance is but one of the many tools that can be used when coping with risk, it is an essential part of the toolbox. And in order to ensure insurance plays its part, we must continue addressing the challenges faced by our members, which include questions around accessibility, affordability, suitability, ensuring value, ease of comprehension, and simplicity of claim processing. The mandate of the MiN goes beyond just expanding coverage; it’s about contributing to the development of insurance markets, sharing knowledge and best practices, encouraging innovation and partnerships, and finally building resilience.” 

 

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About the Microinsurance Network 

The Microinsurance Network is the global multi-stakeholder platform for professionals and organisations that are committed to making insurance inclusive. Membership-based, we bring together diverse stakeholders from across the value chain who share our vision of a world where people of all income levels are more resilient and less vulnerable to daily and catastrophic risks. We encourage peer-to-peer exchange and learning, facilitate the generation of knowledge and research, and act as advocates, promoting the role that effective risk management tools, including insurance, play in supporting the broader development agenda.

 

Media Contacts:

Helen Wright

Lysander PR

helen@lysanderpr.com

+44 7842 729 579

 

Joe Malone

Lysander PR

Joe@lysanderpr.com