23-25 March 2021 – Digital Edition - Mozambique
© MRS

Agenda - Inclusive Insurance Business Models for Africa

6th Eastern and Southern Africa Regional Conference on Inclusive Insurance
23-25 March 2021 – Digital Edition - Mozambique

    alt txt

    properties.trackTitle

    properties.trackSubtitle

    23 - 25 March 2021

    Please click on the session title to view details, presentations and recordings of the sessions. Click on the speaker's name to read their profile.

    Day 1 - 23 March 2021

    Like many developing insurance markets in Africa, insurance penetration in Mozambique is very low. Further, uptake and usage are skewed towards the higher income market segments. Commissioned by FSDMoc and supported by Association of Insurers of Mozambique (AMS), Instituto de Supervisão de Seguros de Moçambique (ISSM), the Landscape of Inclusive Insurance provides an updated portrait of the state of the inclusive insurance sector in Mozambique. This session will address the following key questions:

    • What is the current state of the inclusive insurance sector in Mozambique?
    • What some of the key market and regulatory barriers inhibiting growth of inclusive insurance sector in Mozambique?
    • What is the current performance of microinsurance schemes in Mozambique?
    • What are the perspectives and views on potential drivers of inclusive insurance in Mozambique?

    Welcome
    Curratilaine Remane
    AMS, Mozambique

    Opening remarks
    Dirk Reinhard
    Vice Chairman, Munich Re Foundation, Germany

    Keynote
    Otília Santos
    ISSM, Mozambique
     
    Landscape Study Presentation
    > download presentation

    Esselina Macome
    FSDMoç, Mozambique


    Facilitator

    Denise Alves
    FSDMoç, Mozambique


    > watch the video recording of Session 1

    Majority of people in Eastern and Southern Africa are highly dependent on agriculture as a source of income. At the same time, natural disasters like floods and droughts are threatening economic development beyond the agricultural sector. Climate change will make the situation worse. This session aims to identify possible approaches that could offer protection against natural disasters as well as barriers that hinder market development. The role of technology will focus on non-financial solutions which are enhancing the functionality of inclusive insurance value chains. This session will address the following key questions:

    • What are some of the existing agricultural/disaster related schemes within the region and other continents?
    • What are the main barriers for the development of agricultural insurance and disaster risk finance schemes in the region/Mozambique?
    • What were the main challenges of managing these schemes? What are some of strategies to overcome the barriers?
    • What kind of support can be obtained from national or international support facilities such as InsuResilience Investment Fund?
    • What is the role of the government? What is the role of (premium) subsidies?
    • What kind of support can be obtained from donor organizations to help improve access to agricultural insurance to small farmers?
    • What role does technology play?

    Speakers

    Ayandev Saha
    FinProbity Solutions, Rwanda
    > download presentation

    Mauwa Lungu
    FSD, Zambia
    > download presentation

    Israel Muchena
    Hollard, Mozambique
    > download presentation

    Pietro Magnoni
    World Food Programme, Mozambique
    > download presentation

    Facilitator

    Dirk Reinhard
    Vice Chairman, Munich Re Foundation, Germany
    > download presentation


    > watch the video recording of Session 2

    This two-hour virtual seminar presents insights on strategies and business models from successful inclusive insurance providers. This interactive session aims to demonstrate how inclusive insurance providers can make inclusive insurance viable and profitable while providing superior client value for their customers. Hosted by FinProbity Solutions and Microinsurance Master, the session features Pioneer Insurance in Philippines, one of the leading microinsurance service providers in the world currently providing inclusive insurance services to over 20 million Filipinos. The session will address the following:
    • What business strategies can be employed by market players to achieve better results in inclusive insurance business?
    • What organizational structure is ideal for pushing inclusive insurance in a company?
    • What sort of institutional culture is ideal?
    • How can shareholders support senior management in pushing inclusive insurance in company?
    • How can regulators support the development of inclusive and innovative business strategies and models?

    Speakers

    Lorenzo Chan
    Pioneer, Philippines | Chair, Microinsurance Network

    Geric Laude
    Pioneer, Philippines

    Facilitators

    Lemmy Manje
    FinProbity Solutions, Rwanda

    Bert Opdebeeck 
    Microinsurance Master, Belgium



    > watch the video recording of Session 3

     

    Day 2 - 24 March 2021

    Vulnerability to illness is usually one of the prioritised risks by low-income people. Unfortunately, lack of appropriate health financing solutions often leaves low-income people with little or no access to good quality health care. National health insurance schemes are a response to this need and often require joint efforts between public and private sector to be viable and sustainable. The session aims to explore possible models that can enhance access and usage of affordable and high-client value health insurance for the low-income population segments. This session will address the following key questions:

    • What are some of the existing national health insurance schemes in different countries.
    • What are the main barriers for the development of a national health insurance scheme in the region/Mozambique?
    • What were the main challenges of managing these schemes? What are some of strategies to overcome the barriers?
    • What is the role of the government in introducing national health insurance schemes? Is there a prospect for public private partnerships?
    • What kind of support can be obtained from donor organisations to help improve access to affordable health insurance to low-income people?
    • What emerging inclusive health insurance solutions are addressing pandemics like Covid-19?
    • What role does technology play?

    Speakers

    Lisa Morgan
    ILO’s Impact Insurance Facility, Switzerland
    > download presentation

    Simao Chipanga
    Hollard Mozambique
    > download presentation

    Anne-Sophie Triboulet
    Women’s World Banking, Uganda
    > download presentation

    Facilitator

    João Gouveia
    Fidelidade, AMS, Mozambique



    > watch the video recording of Session 4

    The emergence of InsurTechs and increased participation of Mobile Network Operators in insurance value chains serves as evidence of the role that digital solutions can play in insurance distribution. However, digital insurance models have experienced successes and failures. This session presents strategies and experiences on digital insurance models. The session also explores appropriate regulatory and infrastructure requirements for the success of these models and will address the following key questions:

    • What are some of the most viable and working digital insurance models within the region and Mozambique?
    • What challenges are experienced in managing digital inclusive insurance business?
    • How can regulators support the development of digital inclusive insurance solutions on infrastructure, pricing models and collaboration between regulators?

    Speakers

    Tauanda Chare
    TABECH Fintech, MovelCare, Mozambique

    Valerie Labi
    BIMA Ghana

    Rishi Raithath
    GSMA, UK

    Salomão David
    INCM , Mozambique

    Facilitator

    Kate Rinehart-Smit
    Cenfri, South Africa
    > download presentation


    > watch the video recording of Session 5

    Day 3 - 25 March 2021

    Most insurance markets do not naturally become inclusive. To achieve inclusivity of insurance services, different industry stakeholders can contribute by addressing market and regulatory barriers. This entails educating the general public on insurance and creating awareness of available inclusive insurance products. The session also explores the effectiveness of insurance consumer education initiatives. The session will address the following questions:

    •  What are some of the most effective initiatives or tools for increasing awareness of the value of insurance?
    • Do investments in consumer education translate into increased uptake of insurance services? What else should be done to complement these investments?
    • How can regulators and associations stimulate the demand for insurance through investments in consumer education?
    • What kind of support can be obtained from donor organisations to help improve insurance literacy and awareness?

    Speakers

    Wilson Tei
    Insurance Awareness Coordinators Group (IACG), Ghana

    Viviene Pearson
    South Africa Insurance Association (SAIA), South Africa

    Agnelio Jossias
    ISSM, Mozambique

    Ruben Chivale
    Companhia de Seguros Indico, SA, Mozambique

    Facilitator

    Mark Robertson
    Microinsurance Network, South Africa
    > download presentation

     

    Drawing on lessons learned during the conference, the closing session will explore initiatives that can be implemented in Mozambique to accelerate the development of an inclusive insurance sector. This session will address the following key questions:

    • What has been inhibiting the development and growth of an inclusive insurance in Mozambique?
    • What are some of potential drivers of inclusive insurance in Mozambique?
    • What are the key opportunities and quick wins?
    • What can be done by the regulators and other key stakeholders to support the development of an inclusive insurance sector in Mozambique?

    Conference summary
    Dirk Reinhard
    > download presentation

    Speakers

    Silvio Chiau
    FSDMoç, Mozambique

    Benedito Manhiça
    EMOSE, Mozambique

    Mércio Sitoe
    ISSM, Mozambique

    Facilitator

    Lemmy Manje
    FinProbity Solutions, Rwanda

    Closing remarks

    Mércio Sitoe
    ISSM, Mozambique