Delegates from Cenfri recently attended the 8th International Microinsurance Conference (IMC) hosted by the Munich Re Foundation and the Microinsurance Network in Dar es Salaam, Tanzania, to participate, facilitate and present on behalf of the FinMark Trust.
To learn more about what was discussed at the IMC Conference please look out for the 8th International Microinsurance Conference Report that will soon be made available by the Munich Re Foundation.
The IMC was a major success and many congratulations are in order for the efforts of hosts, as well as their supporters. The delegates from Cenfri were honoured to have the following roles:
For Cenfri, it was amazing to see at the conference not only how many new and diverse faces are now interested in microinsurance – especially from the private sector – but also the quality of the discussions taking place. The International Microinsurance Conference provides a platform to learn about what others have done – and are doing – in the space and through this provide inputs from Cenfri’s experience supporting financial sector development and financial inclusion through facilitating better regulation and market provision of financial services.
The outcome of efforts made by the microinsurance community has been extensively documented and highlighted by the release of the International Association for Insurance Supervisors (IAIS) Application Paper on Regulation and Supervision supporting Inclusive Insurance Markets where it states:
“Governments recognise that enhanced access to insurance services helps reduce poverty and improve social and economic development. Regulated insurers and intermediaries are seeing the business potential of the low-income population and are offering innovative products and distribution models.”
In light of this, the Cenfri team would like to highlight two key themes that really stood out at the conference and fit in within the context of their work described above:
Cenfri in collaboration with the ILO’s Microinsurance Innovation Facility will be presenting its Programme in Microinsurance Business Strategies for African Markets for the first time outside of South Africa in Nairobi Kenya, in April of 2013. Click here to check out the write-up from the programme in Cape Town in July 2012