Cenfri participated in the recent microinsurance meeting hosted by the Financial Stability Institute’s in Basel (6-8 July 2010). The meeting was hosted in collaboration with the Access to Insurance Initiative (A2ii) (click here to read more about the A2ii) and attended by an audience of supervisors from 21 developing countries. The focus was on discussing the latest developments in microinsurance and particularly the implications for policy and regulation. Click below to access Cenfri’s presentations at this event:

Innovations in the Product Design, Distribution and Servicing of Claims by Doubell Chamberlain:

Formalisation of Informal markets by Hennie Bester and Doubell Chamberlain:

From Country Evidence to Microinsurance Standards – policy imperatives by Hennie Bester:

The discussion at the meeting confirmed that microinsurance has become an area of interest and priority for many developing country regulators. Several countries are looking to create the space for microinsurance development and have benefited from sharing their experiences with each other through this event.

• The importance of microfinance and microinsurance from an economic and financial stability perspective: Nestor A Espenilla Jr, Bangco Sentral ng Pilipinas (Bank of Philippines)
• The importance of microinsurance from a poverty alleviation perspective: Craig Churchill, Microinsurance Network (MIN) and Microinsurance Innovation Facility, International Labour Organization (ILO), Switzerland.
• Innovations in the product design, distribution and servicing of claims: Rakesh Jain, ICICI Lombard, India.
• Innovations in the product design, distribution and servicing of claims (continued): Luis Huerta-Rosas, EKA, Mexico; Doubell Chamberlain, Centre for Financial Regulation and Inclusion (Cenfri), South Africa.Presentation by Luis Huerta-Rosas
• From country evidence to microinsurance standards: Martina Wiedmaier-Pfister, GTZ and Federal Ministry for Economic Development and Cooperation (BMZ), Germany; Hennie Bester, Economist, Cenfri, South Africa and Regina Lidia Simões, Superintendência de Seguros Privados, Brazil.
• Supervising cooperatives, mutuals and other community-based entities: Craig Thorburn, World Bank, United States.
• Formalisation of informal markets: Doubell Chamberlain and Hennie Bester, Cenfri, South Africa and Joselito Almario, National Credit Council, Department of Finance, the Philippines.
• Taking the lead – Market stimulation through government involvement: Arup Chatterjee, IAIS, Switzerland; Carla Chiappe, Superintendencia de Banca, Seguros y AFP, Peru and Luis Huerta-Rosas, EKA, Mexico.
• Success stories of the microinsurance innovation facility grantees: Craig Churchill, Microinsurance Network (MIN) and Microinsurance Innovation Facility, ILO, Switzerland; Nelson C Kuria, CIC Insurance Ltd, Kenya and Jeremy Leach, Hollard Insurance Group, South Africa.