Agenda
#ICII2024
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Day 1 - 21 October 2024 - Pre-conference workshops
9:00 - 12:30 / Regal (Main hall outbreak 1) : Workshop 1 - Introduction workshop to inclusive insurance
Hosted by ILO
Craig Churchill
Chief, ILO, Social Finance, Switzerland
Lisa Morgan
Technical Specialist, Actuary, ILO's Impact Insurance Facility, Switzerland
Pranav Prashad
Senior Technical Officer – Impact Insurance Facility, ILO, Switzerland, Switzerland
Ali Tareque Parvez
Inclusive Insurance Collaborator - Asia, ILO, Cambodia
Purvi Bhavsar
CEO, Pahal Finance, India
This pre-conference session aims at providing an introduction to key challenges and opportunities of inclusive insurance. It will create a space to network especially among those who are new to the topic as well as to the International Conference on Inclusive Insurance.
9:00 - 12:30 / Durbar hall: Workshop 2 - Pricing health and life insurance products - A practical tool
Hosted by Milliman/UNDP
Speakers:
Josh Collins
Consulting Actuary, Milliman, USA
Brian Merkey
Manager, Data Science, Milliman, USA
Romain de Harlez
Consulting Actuary, Milliman, Belgium
Amir Hassan
Actuarial Associate, Milliman, Malaysia
Facilitator:
Enock Sing’oei
Agricultural Insurance Specialist UNDP – Insurance & Risk Finance Facility (IRFF), Kenya
>download presentation
The microinsurance market is an area with a need for insurance solutions to help manage the risks of low-income and underserved populations. Although there is high demand and a growing market, there is limited tools and actuarial expertise applied in this space. A microinsurance-focused pricing toolkit was developed as part of the Global Actuarial Initiative (GAIN) partnership between Milliman and the UNDP to build actuarial expertise in developing countries. The intention of this tool is to provide a set of small, self-contained pricing models – life and hospital-cash health products – applying actuarial principles to pricing microinsurance products.
The objective of this workshop is to introduce participants to key principles of microinsurance pricing and equip audience with this pricing toolkit which introduces various considerations inherent in pricing a sustainable inclusive insurance product.
14:00 - 17:30 / Regal (Main hall outbreak 1): Workshop 3 - Landscape of climate risk insurance solutions for MSMEs in V20 countries & How do 'climate risk resilient MSME credit portfolios lead to climate risk resilient MSMEs'
Hosted by UNEP
Speakers:
Manoj Pandey
APAC Coordinator, UNEP FI-V20 Sustainable Insurance Facility, Switzerland
Rafkat Kabir
Lead, Strategy & Implementation (MSME) - Microfinance, BRAC, Bangladesh
Yannick Milev
CEO, Chameroun MFI, Cambodia
Uthpala Thilini Gunawardana
Deputy Manager Sustainability Unit, Regional Development Bank, Sri Lanka
Ny Lyhoung
Business Unit Head/CEO, Micro & Agriculture Insurance, Forte, Cambodia
Facilitator:
Brandon Mathews
Global Coordinator, UNEP FI-V20 Sustainable Insurance Facility, Switzerland
UNEP FI – V20 SIF will present insights from its landscape study of climate-smart insurance for MSMEs, lessons learned in accelerating scale, and to discuss both these aspects with V20 project partners from V20 countries.
14:00 - 17:30 / Durbar hall: Workshop 4 - A2ii Consultative Forum
The 19th A2ii Consultative Forum (CF) is being developed under the title “Enhancing Data-Driven Insurance Supervision”. It will bring together representatives of international initiatives, the insurance industry as well as policymakers and supervisors to jointly identify best practices, challenges, and opportunities for developing and implementing inclusive and ethical data driven insurance solutions, collaborative approaches and incorporating technological developments. The 19th Consultative Forum will be jointly organised by the Access to Insurance Initiative (A2ii) and the International Association of Insurance Supervisors (IAIS) in partnership with the Microinsurance Network, with support from the Insurance Development Forum.
Session 1: Foundations of data-driven supervision
A critical perspective on basics of data-driven insurance supervision, including the benefits, challenges, and key principles surrounding consumer protection.
Gabriel Porto
General Coordinator of Economic Studies, SUSEP, Brazil
Barbara Chesire
Managing Director AB Entheos Ltd., Kenya
Facilitator:
Matthias Range
Executive Director, A2ii. Germany
>download presentation
Session 2: Advanced analytics and practical applications
How will data in regulatory frameworks turn traditional approaches upside down
Alastair Norris
Climate and Disaster Risk Expert, IDF Risk Modelling Steering Group (RMSG), United Kingdom
Min Hung Cheng
Deputy Chief Executive Officer, Global Asia Insurance Partnership, Singapore
Moustafa Khalil
Deputy Assistant of the Chairman, FRA, Egypt
Facilitator:
Ronaldo Limbago
Regional Coordinator for Asia, A2ii, Philippines
>download presentation
Session 3: Collaboration and future technologies
Speakers:
Anuja Jaitly
Global Business Development, Blue Marble, USA
Kay Tuschen
Head of Climate Resilience Solutions, CelsiusPro, Switzerland
Gabriel Porto
General Coordinator of Economic Studies, SUSEP, Brazil
Facilitator:
Pedro Pinheiro
Project Manager, Microinsurance Network, Luxembourg
Day 2 - 22 October 2024
9:00 - 10:30 / Regal (Main hall): Plenary 1 - Opening of the ICII 2024
Guest of Honor:
Ramsahay Prasad Yadav
Hon'ble Vice President, Nepal
Keynotes:
Arup K. Chatterjee
Principal Financial Sector Specialist, Asia Development Bank, Philippines
Jeffrey D. Sachs
Director of the Center for Sustainable Development at Columbia University / President of the UN Sustainable Development Solutions Network / SDG Advocate for UN Secretary General António Guterres, USA
(Video message)
Welcome notes:
Renate Bleich
Chair, Munich Re Foundation, Germany
Matthew Genazzini
Executive Director, Microinsurance Network, Luxembourg
Chunky Chhetry
CEO, Sagarmatha Lumbini Insurance / President of the Nepal Insurers' Association; Nepal
Surya Prasad Silwal
Chairman of the Nepal Insurance Authority, Nepal
11:00 - 12:30 / Regal (Main hall): Plenary 2 - The Landscape of Microinsurance: Bridging gaps, building futures
Hosted by Microinsurance Network
Speakers:
Nicolas Morales
Regional Manager for Latinamerica and the Caribeean, Microinsurance Network, Colombia
>download presentation
Laura Rosado
Head of Strategy and Performance Management, AXA EssentiALL, & Vice-Chair of the Board of Directors, Microinsurance Network, France
Solene Favre
Global Insurance Director, VisionFund International, France
Rachel Levenson
Chief Commercial Officer, Turaco, Kenya
Erik Jarrin
Latin America and Reinsurance Lead, Microinsurance Master, USA
Diana Almoro
Regional Lead Asia Pacific, UNDP-IRFF, Thailand
Facilitator:
Matthew Genazzini
Executive Director, Microinsurance Network, Luxembourg
>download presentation
The Landscape of Microinsurance research and insights series provide a unique global benchmark – tracking the uptake of inclusive insurance products and services, along with insights into emerging trends connected with closing the people protection gap. Based on extensive primary research, the reports and data provide information that cannot be found anywhere else. In this session, we will present the initial results of the Landscape of Microinsurance 2024 data collection exercise.
12:30 - 14:00 / Conference room A: Press conference
A press conference will follow the inaugural session, featuring remarks from Surya Prasad Silwal, Chairman of the Nepal Insurance Authority; Chunky Chhetry, CEO of Sagarmatha Lumbini Insurance and President of the Nepal Insurers' Association; Dirk Reinhard, Vice Chair of the Munich Re Foundation; and Lorenzo Chan, Chair of the Board of the Microinsurance Network. The press conference will be held at 12:30 AM local time (08:45 AM CEST) on Tuesday, 22 October, in Conference Room A.
To register for in-person or virtual attendance at the press conference, please contact: Subheksya Singh, Project Manager, ICII 2024: iciinepal2024@nia.org.np
14:00 - 15:30 / Regal (Main hall): Plenary 3 - Covering Nanay: The microinsurance journey of Card Pioneer Microinsurance Inc. (CPMI) in the Philippines
Hosted by Microinsurance Network
Speakers:
Jaime Aristotle Alip
Founder & Chairman Emeritus of CARD MRI, The Philippines
Lorenzo Chan
CEO, Pioneer, The Philippines
Facilitator:
Antonique Koning
Senior Financial Sector Specialist, CGAP, Belgium
>download presentation
Discover the groundbreaking success story from the Philippines: the joint venture between CARD (Mutual) and Pioneer (Commercial). With over 23 million enrollments powered by 2,200 micro agents and 80 strategic partnerships, this venture is transforming the landscape of microinsurance. Dive into inspiring insights from the visionary founders on purposeful leadership, innovative business strategies, gender-sensitive models, climate change solutions, digital innovations, and impactful consumer education—all intricately woven within the country’s regulatory framework.
16:00 - 17:30 / Regal (Main hall): Plenary 4 - What does it need to develop inclusive insurance markets in Nepal
Hosted by the Nepal Insurance Association, Life Insurance Association Nepal, and the Nepal Insurance Authority
Speakers:
Dip Prakash Panday
CEO, Shikhar Insurance, Nepal
Poshak Raj Paudel
CEO, Citizen Life Insurance / President of the Life Insurance Association, Nepal
Damodar Bhandari
ACEO of Nepal Reinsurance Limited, Nepal
Sushil Dev Subedi
Director, Nepal Insurance Authority (NIA), Nepal
Chirayu Bhandari
CEO, Guardian Micro Life Insurance / President, Nepal Microinsurance Organisation, Nepal
Facilitator:
Diana Almoro
Regional Lead Asia Pacific, UNDP-IRFF, Thailand
>download presentation
This session will discuss opportunities and barriers for the development of inclusive insurance solutions in Nepal and the region.
Day 3 - 23 October 2024
9:00 - 10:30 / Regal (Main hall outbreak 1): Parallel session 1 - Top line and bottom line strategies for inclusive insurance
Hosted by FinProbity Solutions
Speakers:
Ovia K. Tuhairwe
CEO, Radiant Yacu, Rwanda
Gideon Ataraire
Africa Lead, Microinsurance Master, Ghana, Ghana
S. M. Ziaul Hoque
CEO, Chartered Life Insurance, Bangladesh
Mohammed Ali Ahmed
CEO, EFU Life Assurance, Pakistan
Laura Elena Rosado
Head of Strategy and Performance Mangement, AXA EssentiALL, France
Facilitator:
Lemmy Manje
CEO & Founder, FinProbity Solutions, Zambia
>download presentation
Inclusive insurance remains a blue ocean for insurance companies in many developing financial markets. Over the years, there has been steady growth recorded in some markets. While inclusive insurance has evolved beyond the business case, there are still a few senior executives in insurance companies who are investing in going down the market to insure those excluded with conventional insurance. The session is therefore a platform at which CEOs or senior executives who are making a difference in millions of lives around the world while contributing to the top-line and bottom-line in their companies. The primary focus is how to make inclusive insurance profitable and at the same providing client value to those who need insurance the most.
9:00 - 10:30 / Regal (Main hall outbreak 2): Parallel session 2 - Dealing with basis risk: Minimizing the pitfalls of parametric insurance
MicroInsurance Centre at Milliman
Speakers:
Andrea Camargo
Lead Inclusive Climate Risk Financing, World Food Programme, UK
Bethwel Murkomen
Microinsurance and Climate Resilience Senior Associate, One Acre Fund, Kenya
Alastair Norris
Independent Climate and Disaster Risk Consultant, UK
Facilitator:
Michael J. McCord
Managing Director, MicroInsurance Centre at Milliman, USA
The inclusive insurance community has advocated for several years that index-based insurance has the potential to help millions of smallholder farmers protect themselves against the impacts of extreme climate events. The problem with index insurance, however, is that it does not always work as planned, “on the ground” – literally and figuratively. This problem is broadly known as “basis risk,” and to many experts, if unmanaged, it has the power to halt the growth of climate insurance schemes by destroying trust in the product’s promise. We believe that for index insurance to truly grow as an impactful solution, more attention needs to be given to seeking out solutions and overcoming the barrier of basis risk.
9:00 - 10:30 / Durbar hall. Parallel session 3 - Women, insurance, risk management, and the path to financial empowerment
Hosted by CGAP and Global Shield
Speakers:
Rajvi Joshipura
Consultant, Self Employed Women’s Association (SEWA), India
Fatou Giwa
Global Lead Womens Insurance Program, IFC, United States
Astrid Zwick
Co-Director, Global Shield Secretariat, Germany
Carlos Lopez Moreira
Senior Policy Advisor - Implementation, IAIS, Switzerland
Facilitator:
Anaar Kara
Senior Financial Sector Specialist, CGAP, France
This session, will delve into comprehensive approaches aimed at closing the gender protection gap by enhancing access to and uptake of insurance among women.
Women frequently experience increased susceptibility to shocks and may have limited exposure to risk management tools. Additionally, the risks women encounter throughout their lives differ from those encountered by men, highlighting the critical need for gender-responsive design in insurance and risk management solutions. While basic challenges still prevail, lighthouse examples such as the extreme-heat parametric coverage for women informal workers in India start to arise and inspire replication and now supervisors are also turning their attention to the topic as demonstrated by the launch of a2ii’s FEMA-meter.
This session explores the integration of gender into various levels ranging from needs assessment, product design, to supervision, demonstrating how various actors can capitalize the market opportunity presented by women's inclusion and facilitate wealth-building, access to capital, and effective risk management.
11:00 - 12:30 / Regal (Main hall outbreak 1): Parallel session 4 - Lessons from index-based livestock insurance (IBLI) and de-risking, inclusion and value enhancement of pastoral economies in the horn of Africa (DRIVE)
Hosted by CEAR and Utrecht University
Speakers:
Nathaniel Jensen
Senior Research Fellow, University of Edinburgh, UK
Lotte van der Haar
PhD Candidate, Wageningen University, The Netherlands
Anouk van Veldhoven
PhD candidate, Utrecht University, The Netherlands
Facilitator:
Michael Mbaka
Country Relationship Manager - DRIVE, Zep-Re, Kenya
In this session we present three research studies on the Index Based Livestock Insurance in Kenya and Ethiopia, covering the 10-year long run effects of IBLI on household lifetime wellbeing, the role of information about consumer welfare and contract non-performance on DRIVE-IBLI demand, and the targeting of DRIVE-IBLI to men and women in households.
11:00 - 12:30 / Regal (Main hall outbreak 2): Parallel session 5 - Creating innovation ecosystems through multi-stakeholder practices – examples and outcomes from four A2ii inclusive insurance innovation labs
Hosted by A2ii
Speakers:
Joscha Sisnowski
A2ii, advisor, Germany
Barbara Chesire
Managing Director AB Entheos Ltd., Kenya
Pujan Dhungel Adhikari
Director, Nepal Insurance Authority (NIA), Nepal
Suman Ghimire
CEO/Co-Founder, PlantSat by Seed Innovations, Nepal
Facilitator:
Teresa Pelanda
Advisor, A2ii, Germany
The A2ii’s Inclusive Insurance Innovation Lab (iii-lab) is a platform for pivotal collaboration among stakeholders in the insurance sector, to enhance inclusive insurance market development. Through a year-long social lab methodology process jurisdictions learn to devise and implement innovative solutions that fortify resilience. This approach ensures that innovation encompasses the introduction of new regulations, tools, or processes, tailored to the unique demands of the evolving insurance landscape. Participants will hear from iii-lab alumni about developed prototypes and the long-term impact of the iii-lab in their countries. They engage in dialogue about the ecosystem needed to enable innovative thinking and a paradigm shift in stakeholders' collaboration.
11:00 - 12:30 / Durbar hall.: Parallel session 6 - The business case for the co-operative and mutual models in Inclusive Insurance
Hosted by ICMIF
Speakers:
Ahila Devi Subramanian
CEO, DHAN People Mutual, Dhan Foundation, India
>download presentation
Jun Jay Perez
Executive Director, RIMANSI, Philippines
>download presentation
Yasaranga Godawela
Deputy General Manager - Community Sales Channel, Sanasa Life Insurance, Sri Lanka
>download presentation
Zachary Wambugu
Managing Director CIC Africa Co-operative, Malawi
>download presentation
Facilitator:
Diana Almoro
Regional Lead Asia Pacific, UNDP-IRFF, Thailand
This session will offer an in-depth exploration of the co-operative and mutual model in inclusive insurance, with a particular focus on the motivations, challenges, lessons learned, and strategies employed by insurers entering the inclusive insurance market. Case studies highlighting the experiences of successful co-operative and mutual insurers will be featured. In addition, the recently launched projects from the UNDP-ICMIF Insurance Innovation Challenge (IIC) will also be presented. The session will highlight the following key areas:
1. What are the key ingredients for the success of co-operative and mutual insurance?
2. How are the experiences of successful co-operative and mutual insurers shared with IIC project partners?
3. What can the wider inclusive insurance sector take from the experience of co-operative and mutual insurers?
14:00 - 15:30 / Regal (Main hall outbreak 1): Parallel session 7 - Pitching sessions
Speakers:
Balachandran M.K
Head of Growth, Ibisa Network, India
>download presentation
Bhakti Dama
Founder, Protector IQ, India
>download presentation#
Sarathy Srinivas
Head - International, WRMS Global, India
>download presentation
B. Muthukunarasamy
Program Leader, DHAN Foundation; India
>download presentation
Facilitator:
Richard Leftely
Founder, Wavu Limited, UK
The ICII 2024 offers a unique opportunity to pitch your project in front of an international audience of inclusive insurance experts. Are you looking for partners? Are you looking for funding? Do you want to receive feedback on your approach? We invite participants in the ICII 2024 to pitch their projects. Each pitch will be for up to 5-7 minutes, followed by a 2-minute Q&A session.
14:00 - 15:30 / Regal (Main hall outbreak 2): Parallel session 8 - Improving the value and viability of inclusive insurance
Hosted by ILO
Speakers:
Melinda Grace "Aira" Labao
Vice President/ Officer-in-Charge, CARD Pioneer Microinsurance Inc., The Philippines
Deanne Bezuidenhout
Head: ESG, Hollard, South Africa
Shubasish Barua
Head of Impact Business and Sr. Executive VP, Green Delta Insurance, Bangladesh
Ashok Shah
Group CEO, APA Apollo Group, Kenya
Facilitator:
Lisa Morgan
Technical Specialist, ILO, Switzerland
>download presentation
We know that uninsured risk can cause financial setbacks, weaken resilience and increase the likelihood of persistent poverty. Insurance holds the promise of breaking a part of the perpetuating cycle. However, while traction has been growing over the last 20 years, there is still a lack of supply of insurance that would effectively deliver client value and help build the resilience of unserved and underserved groups. From a more positive perspective, the lack of supply also means that there are opportunities for insurers to further contribute to social and economic development, and benefit from offering viable and responsible insurance solutions. To turn these opportunities into reality, it is important to learn from past successes and failures in inclusive insurance.
In this session the ILO’s Impact Insurance Facility will share its latest research on improving the business viability and value of inclusive insurance – useful for those already offering and those planning on offering inclusive insurance. For those new to inclusive insurance, this session will also outline solutions to barriers that could be encountered along the way to market entry. For over a year, the ILO has been conducting new research with a dozen prominent inclusive insurers to better understand the business case. Finding the balance between generating returns and providing excellent client value is not always easy but is possible. During the session we will hear from a panel of leading inclusive insurers to learn more about their challenges and successes over the years.
One cannot study the business case without also looking at client vale. Offering good client value and continuously improving it is key to creating a sustained demand for inclusive insurance. Without client value, viability is not possible. This session will therefore include highlights from research using the ILO’s PACE and 3D tools – tools specifically designed to study client value.
14:00 - 15:30 / Durbar hall: Parallel session 9 - Leveraging parametric insurance as an innovative financing mechanism for Anticipatory Action (AA)
Hosted by MCII
Speakers:
Neha Batra
Vice President - Risk & DataManaging Director, WRMS, India
Praneel Pritesh
Regional Technical Specialist, Pacific Insurance and Climate Adaptation Programme, UNCDF, Fiji
Bikram Rana Tharu
Programme Manager Climate Resilience, Practical Action, Nepal
Kate Sinclair
Head of Programme, WFP Guatemala, Canada
Facilitator:
Mariam Parekhelashvili
Associate Project Manager, MCII, Georgia
>download presentation
Traditional disaster response often reacts after disasters strike. The proposed session explores how to bridge this gap by integrating Anticipatory Action (AA) with parametric insurance to help protect more lives and livelihoods ahead of predictable crisis. This offers several benefits: predictable funding ensures timely implementation of preventive measures, incentivizes investments in risk reduction, fosters accountability through clear payout criteria, and enables rapid response based on forecasts rather than waiting for disaster impact. The Pacific Insurance & Climate Adaptation Program (PICAP) exemplifies this approach. The pilot programme, which provides cooperatives with pre-cyclone payouts for preparedness activities, demonstrates how AA can unlock financing through parametric insurance even before disasters happen to help communities better cope with climate risks.
This session will bring together experts and practitioners from the insurance and humanitarian sectors who are already implementing anticipatory insurance programmes across different regions of the world to discuss synergies between AA and parametric insurance for building disaster resilience. Panel will explore case studies at micro, meso, and macro levels, and discuss best practices and challenges in integrating these approaches. The session will be conducted in an interactive manner so that conference participants can take part in a discussion and share different perspectives. Final part of the session will focus on the way forward to gather ideas on practical applications of climate risk insurance in driving, and monitoring, effective AA that builds resilience and fills in the financing gaps.
16:00 - 17:30 / Regal (Main hall outbreak 1): Parallel session 10 - Uninsurable? How the Natural Disaster Fund contributes to close the protection gap
Speakers:
Stefan Hirche
Principal Portfolio Manager, KfW, Germany
Daniela Zimmermann
Senior Manager, Hannover Re, Germany
Rajeswari Gorana
Consultant, Mahila Housing Trust, India,
Facilitator:
Kay Tuschen
Head of Climate Resilience Solutions, CelsiusPro, Switzerland
>download presentation
The Natural Disaster Fund (NDF) is a donor-supported provider of risk capital for SMEs, agribusinesses, MFIs and nature-based solutions. Supported by a Technical Advisory Facility (TAF), the NDF provides targeted support for risk analysis and the development of parametric insurance products to meet the needs of vulnerable communities worldwide. The Mahila Housing Trust (MHT), which has been operating since 1994, is working with NDF manager Global Parametrics (GP) and Howden India to implement a climate risk insurance programme. Funded by the NDF Technical Assistance Facility (TAF), the programme covers three major industrial cities in Gujarat and provides insurance cover against excessive urban heat to 26,000 women members. This index-based risk transfer solution, developed in collaboration, serves as a blueprint for improving the resilience of cities to extreme heat.
The aim of the session is to showcase the capabilities of the NDF and explore further potential use cases with the community. It will begin with a presentation of the heat insurance solution developed jointly with MHT and Howden India, illustrating how the NDF supports climate risk insurance solutions from concept to implementation.
16:00 - 17:30 / Regal (Main hall outbreak 2): Parallel session 11 - Growing global actuarial capacity to support sustainable economic and inclusive insurance development
Hosted by Actuarial Society of Nepal
Speakers:
Ram Kumar Yadav
CEO, Liberty Micro Life, Nepal
Prechhya Mathema
President, Actuarial Society of Nepal (ASN), Nepal
Michael J. McCord
Managing Director, MicroInsurance Centre at Milliman, USA
Pujan Dhungel Adhikari
Director, Nepal Insurance Authority (NIA), Nepal
>download presentation
Facilitator:
Diana Almoro
Regional Lead Asia Pacific, UNDP-IRFF, Thailand
In recent years, the UN has recognized the importance of effective risk management in sustainable development and the critical role of insurance in achieving this goal. A key component underlying risk management and insurance is actuarial capacity. However, in most developing countries, actuarial capability is weak or non-existent. The challenges these countries face in building actuarial capacity arise from lack of a) supply of actuaries; b) demand for actuaries; and c) the enabling regulatory environment.
This session will explore the importance of building actuarial capacity in conventional and inclusive insurance markets. It will discuss key challenges faced by different players and the various interventions adopted to develop actuarial professions in some of the developing countries highlighting Nepal’s experience as part of the UNDP-Milliman Global Actuarial Initiative. It will also examine the critical role of insurance regulators and developing agencies in addressing the actuarial gaps in a more systematic way to ensure sustainable development of actuarial profession and delivery of inclusive insurance.
16:00 - 17:30 / Durbar hall: Parallel session 12 - New approaches to working with farmer organizations for affordability, sustainability and scale for climate risk insurance
Hosted by Feed the Future Innovation Lab for Markets, Risk & Resilience
Speakers:
Tara Chiu
Associate Director, Feed the Future Innovation Lab for Markets, Risk & Resilience, University of California Davis, USA
>download presentation
Benson Mbuthia
Microinsurance Lead, Africa, Rural Inclusion CIC, Kenya
>download presentation
Balachandran M.K
Head of Growth, Ibisa Network, India
Linda Busienei
Program Manager – Impact Projects and Village Champion Model, Acre Africa, Kenya
>download presentation
Facilitator:
Pranav Prashad
Senior Technical Officer – Impact Insurance Facility, ILO, Switzerland, Switzerland
Farmer organizations have long been used as a medium to reach farmers with climate risk insurance. However, climate risk insurance continues to struggle to reach sustainability and scale. Critical barriers persist, including consumer education, trust, affordability, and inclusivity. While traditional approaches to engagement with farmer groups has facilitated some sector growth, innovative approaches continue to emerge. These innovations both refine what has been done with the past and introduce entirely new approaches to using farmer groups to make insurance solutions affordable, sustainable, and scalable. By engaging more directly with farmers and farmer organizations, diverse partners can better meet the needs that are unique to this stakeholder group and more effectively confront the challenges to these products.
Day 4 - 24 October 2024
9:00 - 10:00 / Regal (Main hall): Plenary 5 - The business impact of female agents and the insurance sector as an employer of choice for women
Hosted by ILO and IFC
Speakers:
Prapti Sherchan
Operations Officer – Gender and Economic Inclusion Department, IFC, Nepal
Thushari Perera
Director Human Resources, AIA Sri Lanka, Sri Lanka
DVS Ramesh
Chief General Manager, Insurance Regulatory and Development Authority of India (IRDAI), India
Facilitator:
Lisa Morgan
Technical Specialist, Actuary, ILO's Impact Insurance Facility, Switzerland
Women's socioeconomic status is rising globally, and their influence on household spending is growing. However, their ability to mitigate financial risk remains low, and few insurance companies specifically target women, despite their different risk profiles from men. The insurance industry can significantly enhance financial protection for women by addressing their unique needs, with the potential to earn up to $1.7 trillion by 2030, particularly in emerging markets. Employing women in various roles within the insurance industry can ensure that products and distribution methods meet diverse client needs. More women in the industry can bring valuable perspectives to product design and development. This session will highlight the importance of female distribution agents, gender sensitivity training, and the insurance sector as employers of women. The session will also introduce In4Women, the year-long IFC-ILO Community of Practice and steps for participating in the virtual CoP. In4Women aims to increase the insurance industry’s knowledge about the women’s insurance market opportunity and help insurers become employers of choice for women.
10:00 - 11:00 / Regal (Main hall): Plenary 6 - Financial resilience towards climate adaptation
Hosted by UNDP
Speakers:
Sabnam Shivakoti Aryal
Joint Secretary, Ministry of Agriculture, Nepal
Musa Lukwago
Principal Economist, Ministry of Finance, Planning and Economic Development, Uganda
Patricio Salas
Executive Secretary, FEDESEG, Ecuador
Ajaykaran Singh
PMBFY National Project Coordinator, UNDP India
>download presentation
Facilitator:
Enock Sing’oei
Agricultural Insurance Specialist- UNDP IRFF, Kenya
The session aims to enhance understanding of climate insurance as a vital tool for achieving development outcomes, examine key principles in government-led climate and pandemic insurance design for low-income populations, and discuss the challenges and opportunities of implementing technology-driven approaches in climate and pandemic insurance solutions.
11:30 - 12:30 / Regal (Main hall): Plenary 7 - 20th International Conference on Inclusive Insurance: Looking back at key trends, successes and failures in selected countries
Hosted by Munich Re Foundation
Speakers:
Eduardo Morón
President of APESEG, The Peruvian Association of Insurance Companies (online)
>download presentation
Farzanah Chowdhury
MD and CEO, Green Delta Insurance, Bangladesh
>download presentation
Lemmy Manje
CEO & Founder, FinProbity Solutions, Zambia
>download presentation
Facilitators:
Dirk Reinhard
Vice Chair, Munich Re Foundation
Craig Churchill
Chief, ILO's Social Finance Programme
The ICII 2024 marks the 20th International Conference on Inclusive Insurance. Over the past 20 years, microinsurance has emerged as a critical tool for financial inclusion and risk mitigation in underserved communities worldwide. Several key lessons have been learned during this time around the world. The session will highlight the Inclusive Insurance journey in countries that hosted the ICII in the past and aims at developing lessons learnt.
12:30 - 13:00 / Regal (Main hall): Closing and outlook 2025
Pujan Dhungel Adhikari
Director, Nepal Insurance Authority (NIA), Nepal
Lorenzo Chan
CEO, Pioneer, The Philippines / Chair of the Board, Microinsurance Network, Luxemburg
Dirk Reinhard
Vice Chair, Munich Re Foundation
Patricio Salas
Executive Secretary, FEDESEG, Ecuador
>download presentation
Day 5 - 25 October 2024
9:00 - 18:00 / Field Trip
Separate registration required: