The two-day event provided a broad and integrated outlook on how inclusive insurance can help to reduce and manage risk and support international development. Recurring themes included:
- Building resilience through insurance-linked solutions and pre-event mitigation measures
- Innovations in InsurTech that can help reach the underserved
- Opportunities for innovative partnerships
- Regulatory challenges associated with rapidly changing technology
- The role of insurance supervisors in market development
- The need for proportionality in actuarial services
- The importance of industry data for sector development as well as the need for data protection
- How to position the sector vis-à-vis the global development agenda and a changing global landscape
One of the key takeaways from the event was a presentation done by Mia Thom, Technical Director at Cenfri, on how innovations in the global technological landscape are transforming the way microinsurance can be delivered to low-income and emerging customers, opening the door for a whole new set of opportunities and challenges. A study on the landscape of InsurTech for development, done by Cenfri, looked at 157 InsurTech initiatives from across the world and identified six different categories of Insurtech currently observed in the emerging world:
- new data and analytics,
- digital platforms,
- technology-enabled partnerships,
- peer-to-peer insurance,
- index-based insurance,
- demand-based insurance
