2016_IMC_Report_2
© MRF

Agenda

12th International International Microinsurance Conference

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    15 - 17 November 2016, Colombo, Sri Lanka

    Day 1 - Pre-conference - 14 November 2016

    The Center for the Economic Analysis of Risk organised an academic pre-conference in conjunction with the 12th International Microinsurance Conference. The pre-conference invited researchers to present findings and participate in panels on research methods to understand risk management choices of the poor. 

    Jia Min Ng
    CEAR Scholar, CEAR - Georgia State University
    United States

    Julian Hochscherf
    University of Hohenheim
    Germany

    Kanchana Wickramasinghe
    Research Economist, Institute of Policy Studies
    Sri Lanka

    Keynote
    Michael Carter
    Professor of Agricultural and Resource Economics, UC Davis
    United States

    Facilitator
    Glenn Harrison
    C.V. Starr Chair of Risk Management & Insurance Director, Center for the Economic Analysis of Risk (CEAR) - Georgia State University
    United States

     

    Distribution is a particularly important question for those looking to deliver insurance to low-income people. With low margins, insurers need to find low-cost channels that can reach clients in large numbers. These challenges mean that insurers need to think differently about microinsurance distribution. This session helped equip insurers with a good understanding of the wide range of distribution possibilities, and provide them with tools and knowledge needed to establish and manage a distribution strategy.  

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    Agriculture insurance is a key tool in assisting farmers, herders, and governments to lessen the negative financial impact of adverse natural events and move out of poverty. However, despite its potential for providing rural households with benefits both on the protective and productive side, offering agriculture insurance in a sustainable way continues to be a challenge, with many pilot schemes unable to scale up. This seminar helped insurance practitioners and other players new to agriculture insurance to gain insights into farmers' needs and behaviour, and how these can be translated into quality products and relevant processes. The seminar also examined the requirements needed to make the insurance value chain efficient for scaling up, and look into emerging models and good practices in agriculture insurance.  

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    Day 2 - 15 November 2016

    Becoming a digital insurer
    The ILO’s Impact Insurance Forum provided an interactive and open environment for discussing lessons learned and exchanging experiences on forefront issues confronting practitioners working in inclusive insurance. This year’s forum focused on the topic "Becoming a digital insurer”. It explored the various digital tools and technology that can be used to improve insurance solutions for emerging markets. It will focus on how to improve customer experience, automate business processes and use data better so that insurance providers can make the most of their investments to achieve high uptake and sustained customer use. The Forum also explored what insurance practitioners can do to start the digital journey and to ensure that customer risks are mitigated along the process.

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    The role of mutuals, cooperatives and community-based organisations (MCCOs) in inclusive insurance markets
    The half day Consultative Forum took place alongside the 12th International Microinsurance Conference and focused on the role of MCCOs in providing insurance access to low-income populations in the Asian Region and the related regulatory challenges and advances. The objective of the Consultative Forum is to bring about a dialogue between supervisors and the industry; such a dialogue is critical in fostering knowledge and sound policymaking in the field of inclusive insurance. 


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    Welcome remarks
    Dirk Pereira
    President, Insurance Association of Sri Lanka
    Sri Lanka

    Thomas Loster
    Chairman, Munich Re Foundation
    Germany

    Michael McCord
    Chairman of the Board, Microinsurance Network
    Luxembourg

    Indrani Sugathadasa
    Chairperson, Insurance Board
    Sri Lanka

    Keynote: Economic, technological and political / regulatory developments within the developing insurance markets
    Rohan Sachdev

    Global Emerging Markets Insurance Leader, Ernst & Young
    India

    Speech of the Chief Guest
    Ravi Karunanayake
    Finance Minister
    Sri Lanka

    Hosted by the Microinsurance Network


    Camilo Casals
    Business Development Advisor, RIMANSI
    Philippines


    Ashish Kumar Bhutani

    Joint Secretary (Credit & Coop.), Ministry of Agriculture & Farmers Welfare
    India

    Quentin Gisserot
    Project manager - emerging consumers, Axa
    France

    Chinthana Jayasekara
    Head of Group Business Development/ Group Business Operations, Dialog
    Sri Lanka

    Firdaus Djaelani
    CEO, Financial Service Authority
    Indonesia

    Facilitator
    Craig Churchill

    Head, ILO's Impact Insurance Facility
    Switzerland

    > Download presentation

    Day 3 - 16 November 2016

    Hosted by BMZ / InsuResilience
    In 2015, the G7 - under German presidency - launched the InsuResilience Initiative that aims to reach an additional 400 million poor people with insurance coverage against the risks of climate change by 2020. Out of these 400 million, InsuResilience aims to reach 100 million poor beneficiaries through direct insurance schemes.

    Arup Chatterjee
    Principal Financial Sector Specialist, Asian Development Bank
    Philippines
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    Volker Hey
    Senior Policy Officer, Federal Ministry for Economic Cooperation and Development (BMZ)
    Germany
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    Normunds Mizis
    Regional Manager Euroasia, BlueOrchard
    Switzerland
    > Download presentation

    Vipul Sekhsaria
    Head – Insurance Initiatives, IFMR
    India
    > Download presentation

    Dr P A Kiriwandeniya
    Founder/Chairman, Sanasa Movement
    Sri Lanka
    > Download presentation

    Sonu Agrawal
    Founder and Managing Director, Weather Risk
    India
    > Download presentation

    Facilitator
    Ulrich Hess

    Senior Advisor, GIZ
    Germany
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    Hosted by IASL

    Results of the study
    Jenny Nasr
    Senior Development Coordinator, Microinsurance Network
    Luxembourg
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    Microinsurance mechanism to improve social inclusion in Sri Lanka
    Dinesh Fernando

    Lecturer, University of Sabaragamuwa
    Sri Lanka

    Chandula Abeywickrama
    Chairman of the Board of Governors, Banking with the Poor Network
    Sri Lanka

    Samadani Kiriwandeniya
    Chairperson, Sanasa Development Bank
    Sri Lanka
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    Facilitator
    Dirk Pereira

    President, Insurance Association of Sri Lanka
    Sri Lanka

    Aadhar enabled administration of health insurance program in Sikkim, India
    Pompy Sridhar
    Consultant, Manipal Group
    India
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    Livestock insurance challenges and the way out
    Balachandran M K
    Assistant Vice President, HDFC ERGO
    India
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    Harnessing the InsurTech hype for microinsurance
    Tyler Tappendorf
    General Manager: Country Operations, Inclusivity Solutions
    South Africa
    > Download presentation

    Facilitator
    Peter Wrede
    Senior Insurance Specialist, World Bank Group
    United States

    Hosted by a2ii
    More than a decade has passed since the first microinsurance regulations were introduced in India, the Philippines, Peru and Mexico (2005-2007) and important insights have been gained on what constitutes effective regulation and supervision. At the same time, supervisors have to react to a rapidly changing environment, with insurance being increasingly sold by new types of agents and as products being bundled with other financial and non-financial services. This has a severe impact on the supervisors’ ability to regulate and creates new frontiers in consumer protection.

    Michael Andoh
    Head of Supervision, National Insurance Commission
    Ghana

    Peter van den Broeke
    Member of the Secretariat, IAIS
    Switzerland
    > Download presentation

    Michael McCord
    Chairman of the Board, Microinsurance Network
    Luxembourg

    Lorenzo Chan
    President, Pioneer Life Inc.
    Philippines
    > Download presentation

    Facilitator
    Hannah Grant

    Head of Secretariat, Access to Insurance Initiative (a2ii)
    Switzerland
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    Are low-income households ready for a financial planning culture?
    Isabelle Delpeche

    Director, Alternative Insurance Company
    Haiti
    > Download presentation

    SiPINTAR - A case study of a hybrid product combining microinsurance and micro-investments as part of the national financial inclusion strategy
    Jakub Nugraha

    Division Head of Microinsurance, PT Asuransi Central Asia
    Indonesia
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    Tea industry value chain insurance

    Saagar Khimasia
    Business Solutions Manager, APA Insurance Ltd
    Kenya
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    Facilitator
    Andrea Keenan
    Senior Managing Director - Industry Relations, AM Best
    United States 

    Structural Claim Settlement Process, the key to earning the trust of policy holders/beneficiaries
    Rehan Butt

    Head of Business Development Asia, MicroEnsure
    United Kingdom
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    Increasing impact by overcoming fraud in microinsurance
    Gilles Renouil
    Director, Microinsurance, Women's World Banking
    United States
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    "For whom the bell tolls" - The current state of microinsurance - Learnings from Quantum Mechanics & the Periodic Table
    Krishnan Venkatachalam
    Head of Microinsurance, AIG - American Insurance Group
    United States
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    Facilitator
    Michael McCord
    President, Microinsurance Centre
    United States

    Area yield crop insurance, a key component for a sustainable agricultural development approach in Mali
    Jonathan Boudreau
    Project Manager, FADQDI
    Canada
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    Insurance as part of disaster risk reduction and response programme
    Ayandev Saha

    General Manager, K.M. Dastur Reinsurance Brokers Pvt. Ltd.
    India
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    Scaling up agriculture insurance in Zambia
    Agrotosh Mookerjee

    Consultant Actuary, Risk Shield Consultants
    Zambia
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    Floating homes to prevent losses
    Prof. Elisabeth English

    University of Waterloo
    Canada
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    Facilitator
    Dirk Reinhard

    Vice Chairman, Munich Re Foundation
    Germany

    Hosted by the International Actuarial Association (IAA)
    It is well-known that actuarial skills are limited in most developing insurance markets. Furthermore, the lack of suitably qualified people with actuarial skills is frequently considered a barrier to the development of financially sound inclusive insurance markets. The International Actuarial Association, through its MI Working Group, has long recognized the need to develop actuarial capacity for inclusive insurance markets.


    Building actuarial capacity for inclusive insurance markets
    Nigel Bowman

    Chair of the Microinsurance Working Group, International Actuarial Association
    Canada
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    Peter van den Broeke
    Member of the Secretariat, IAIS
    Switzerland
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    Henry Yan
    Chair of Microinsurance Working Group, Institute and Faculty of Actuaries
    United Kingdom
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    Facilitator
    Denis Garand

    President, Denis Garand and Assoc.
    Canada

    Hosted by ILO's Impact Insurance Facility
    The session was designed to achieve an interactive session to help practitioners understand how they can increase the uptake and retention of their products and services by delivering value.

    Geric Laude
    President and CEO, Card Pioneer Microinsurance
    Philippines
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    Quentin Gisserot
    Project manager - emerging consumers, Axa
    France
    > Download presentation

    Facilitator
    Aparna Dalal

    Senior Research Officer, ILO
    Hong Kong
    > Download presentation

    Hosted by IASL/IIS

    Peter Book

    Head of Agriculture / Business Development Asia Pacific, Allianz Re
    Singapore
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    Manjula de Silva
    Chairman, National Insurance Trust Fund
    Sri Lanka
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    Max Bergmann
    Managing Director of BIMA Sri Lanka, BIMA
    Sri Lanka
    > Download presentation

    Facilitator
    Sivam Subramaniam

    Editor-in-Chief, Asia Insurance Review
    Singapore

    Day 4 - 17 November 2016

    Innovative distribution models that increase outreach to emerging customers
    Rehan Butt
    Head of Business Development Asia, MicroEnsure
    United Kingdom
    > Download presentation

    Mitigating the risk of mobile insurance products: The Ghana case study
    Michael Andoh
    Head of Supervision, National Insurance Commission
    Ghana
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    BIMA and the “Pacific Way”. Mapping the BIMA journey in PNG and beyond
    Simon Schwall

    Project Manager - Pacific, BIMA
    Israel
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    Facilitator 

    Herman Smit
    Engagement Manager, Cenfri
    South Africa
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    Hosted by the IFC / Global Index Insurance Facility (GIIF)


    Farzana Chowdhury

    Managing Director, Green Delta Insurance Company Limited
    Bangladesh
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    Bisma Subrata
    Director, PT Reasuransi Maipark, Indonesia
    Indonesia
    > Download presentation

    Indika Kiriwandeniya
    General Manager, Sanasa Insurance Company
    Sri Lanka
    > Download presentation

    Geric Laude
    President and CEO, Card Pioneer Microinsurance
    Philippines
    > Download presentation

    Facilitator
    Vijay Kavalakonda

    Sr. Financial Sector Specialist, World Bank Group
    Indonesia

    Hosted by GIZ
    The project “Women in Inclusive Insurance Markets” is a collaboration of the GIZ Sector Projects “Global Initiative for Access to Insurance” and “Development of Integrated Systems of Social Protection”, the GIZ regional project "Regulatory Frameworks for Pro Poor Insurance (RFPI)" in Asia; the International Finance Corporation (IFC), Women’s World Banking, and the Access to Insurance Initiative (A2ii).

    Susanne Ziegler
    Advisor, GIZ
    India

    Gilles Renouil
    Director, Microinsurance, Women's World Banking
    United States
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    Peter Wrede
    Senior Insurance Specialist, World Bank Group
    United States
    > Download presentation

    Tripti Sethi
    CEO, Vimo Sewa
    India
    > Download presentation

    Facilitator
    Anke Green

    Advisor, Access to Insurance Initiative
    Germany
    > Download presentation

    The role of Social Health Insurance in protecting low income and vulnerable people and its place within the broader health financing environment

    Michael Weilant
    Principal and Consulting Actuary, Miliman
    United States

    Dr. Amal Harsha De Silva
    Deputy Director General (Medical Services), Ministry of Health, Nutrition and Indigenous Medicine
    Sri Lanka


    Facilitator

    Denis Garand

    President, Denis Garand and Assoc.
    Canada
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    Common service center – rural financial mall in India
    Balachandran M K
    Assistant Vice President, HDFC ERGO
    India
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    Pawn shops, “Black belts”, wholesalers, and more: Pioneer’s lessons in innovative distribution
    Lorenzo Chan
    President, Pioneer Life Inc.
    Philippines
    > Download presentation

    Retailers, brokers, funeral homes, churches, sports affinity groups and more: Hollard’s low-cost agency model
    Pravin Kalpage

    Head of direct, Hollard
    South Africa
    > Download presentation


    Facilitator

    Michael McCord
    President, Microinsurance Centre
    United States

    Hosted by the World Bank Group
    The session explored to what extent technology driven innovations that are increasingly seen to shape the future of insurance will also have an impact on microinsurance. Over the last 12 months, “InsTech” had been announced as the long overdue update of old-fashioned insurance businesses, and has attracted 1 bn USD investment in the first half of 2016. None of this attention relates to microinsurance, but the objectives of InsTech – to provide new products to new customers in ways that increase their satisfaction while reducing cost – are the same objectives as those of microinsurance. Hence, convergence will benefit both sides: innovations in microinsurance can lead to better service provision to clients in developed countries, and tech-based innovations in conventional insurance can translate into breakthroughs in microinsurance.

    Tyler Tappendorf

    General Manager: Country Operations, Inclusivity Solutions
    South Africa
    > Download presentation

    Biju Jacob
    Chief Architect and Entrepreneur, Droit Health
    India
    > Download presentation

    Jan Martin Hunderi

    CEO & Founder, DDFinance
    Norway
    > Download presentation

    Facilitator
    Peter Wrede

    Senior Insurance Specialist, World Bank Group
    United States
    > Download presentation 

    Hosted by the Microinsurance Network
    The microinsurance landscape studies give us for the first time a representative in depth view of the state of the microinsurance sector. This increasing insight allows microinsurance practitioners to position themselves in relation to their peers and to use this information to improve their own performance. The session discussed case studies of organisations that are champions in defined microinsurance performance areas.

    Isabelle Delpeche
    Director, Alternative Insurance Company
    Haiti

    Masood Safdar Gill
    Director, UPAP NRSP
    Pakistan

    Gayathri Sakthirajan
    Chief Executive - People Mutuals, Social Security Initiative of DHAN Foundation
    India

    Facilitator
    Bert Opdebeeck

    Microinsurance Programme Coordinator, BRS
    Belgium
    > Download presentation

    Adverse selection in micro-health insurance markets: evidence from a randomized control trial in Pakistan
    Andreas Landmann

    Postdoctoral Research Fellow, Paris School of Economics and J-PAL
    France
    > Download presentation

    Evaluating the welfare of index insurance
    Jia Min Ng

    CEAR Scholar, CEAR - Georgia State University
    United States
    > Download presentation

    Facilitator
    Glenn Harrison

    C.V. Starr Chair of Risk Management & Insurance Director, Center for the Economic Analysis of Risk (CEAR) - Georgia State University
    United States

    Hosted by Cenfri
    The WEF’s report on the future of financial services (2014) predicts that the insurance industry is the financial industry that will be most disrupted by technology. Disruptive technology has fundamentally changed other industries such as private transport (Uber) and accommodation (Airbnb), transforming them from provider-centric to consumer-centric operations. The session discussed if technology will do the same for insurance?


    Kelvin Massingham
    Regional Director, Hello Doctor (Sema Doc)
    Kenya

    Tang Loaec
    P2P
    China

    Luc Noubissi
    Senior Insurance Specialist, CIMA
    Gabon

    Facilitator
    Doubell Chamberlain

    Managing Director, Cenfri
    South Africa
    > Download presentation

    Closing remarks

    Jagath Alwis

    Chairman of the Organizing Committee, Ceylinco Insurance
    Sri Lanka

    Damayanthi Fernando
    Director General, Insurance Board of Sri Lanka
    Sri Lanka

    Michael McCord
    Chairman of the Board, Microinsurance Network
    Luxembourg

    Welcome of the 13th International Microinsurance Conference

    Eduardo Morón

    President, Peruvian Association of Insurance Companies - APESEG
    Peru

    Facilitator
    Dirk Reinhard

    Vice Chairman, Munich Re Foundation
    Germany