Report 14th International Microinsurance Conference 2018
5
Agenda
5 November 2018
Pre-conference workshop: Climate risk insurance
Pre-conference workshop: Seizing opportunity through risk management
Academic pre-conference workshop in microinsurance 2018
Pre-conference: Promoting cross-country knowledge exchange & regulatory dialogue
Hosted by GIZ, MCII and the ILO
Hosted by the IAA
Hosted by CEAR
Hosted by MEFIN
This workshop, a collaboration between GIZ, MCII and the ILO, was an opportunity for information exchange and for open discussions about the role of insurance, both its weaknesses and strengths. It included country case studies and discussions on implementation of policies and lessons learned from recent experiences. This helped to facilitate the open exchange of information and provided real-life examples of the challenges and rewards of using insurance as a tool for adaptation. Bringing together various stakeholders, the workshop discussed the success factors, challenges and lessons being learned in building resilience in vulnerable communities and enterprises.
The session was of value to supervisors, insurance practitioners who are involved in the development of products and/or management of product provider’s risk, and suppliers of actuarial skills. The attendees learned about the key drivers of risk for inclusive insurance products and providers of such products. The attendees also equipped themselves in applying the risk assessment tool in different contexts and determining appropriate business decisions in response to risks identified. Ultimately, the attendees were equipped with a flexible set of tools that they can use to solve their own risk management problems, or rather a set of rigid risk management instructions.
The Center for the Economic Analysis of Risk (CEAR) organised an academic pre-conference in conjunction with the 14th International Microinsurance Conference. The pre-conference attracts researchers to present major findings and participate in panels on recent developments in research methods, to understand risk management choices of the poor.
MEFIN, or the Mutual Exchange Forum for Inclusive Insurance, is a network of insurance regulators and supervisors in Asia working for peer-to-peer exchange of knowledge and experiences within the insurance industry. MEFIN currently has seven member countries, who are the insurance supervisors from Indonesia Otoritas Jasa Keuangan (OJK), Mongolia’s Financial Regulatory Commission (FRC), Nepal’s Beema Samiti, the Philippines’ Insurance Commission (IC), Securities and Exchange Commission of Pakistan (SECP), the Vietnam Insurance Supervisory Authority (ISA) and the Insurance Regulatory Commission of Sri Lanka (IRCSL). The Network implements programmes that provide mutual benefit to the members in advancing inclusive insurance solutions, targeted especially at the low income and informal sectors. MEFIN started as a knowledge exchange platform in 2013 and transformed into a Network in 2016.
