The inclusive insurance sector has experienced persistent growth in client outreach and premium volumes over the past ten years. New technologies are boosting market coverage. Nonetheless, many people living at the bottom of the pyramid are still without cover or alternative risk management options. Climate change will make the situation worse. With the global middle class expected to grow to nearly five billion within two decades, we are looking at billions of people who are without a formal safety net from insurance and hence at risk of falling (back) into poverty.
In collaboration with Insurance Associations and other partners such as the Microinsurance Network, the Munich Re Foundation organises the International Conference on Inclusive Insurance (ICII). The conference which took place for the first time in 2005 was called the International Microinsurance Conference until 2018. At the conferences, experts from around the world representing NGOs, development-aid organisations, regulation, supervision and policy experts as well as the insurance industry meet to exchange experiences and discuss the challenges involved in extending risk management solutions based on insurance principles to low-income households and MSMEs.
The mission of the ICII is to provide a non-profit platform for all stakeholders to present and discuss issues, policies and state-of-the-art solutions for efficient, sustainable and inclusive insurance products;
- promote the development and proliferation of good-value insurance for emerging economies;
- raise awareness of the demand for insurance in the low-income segment and its potential;
- provide opportunities for insurance and development experts to progressively develop shared visions and create new partnerships.
For more information about the conference please visit: www.inclusiveinsurance.org
To find out more about the Consortium’s role in the International Conference on Inclusive Insurance (ICII) please visit: ICII 2022