8Th International Microinsurance Conference 2012 Making Insurance Work for the Poor
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Report 8th International Microinsurance Conference 2012 Making insurance work for the poor 6 – 8 November 2012 Dar es Salaam, Tanzania Edited by Zahid Qureshi and Dirk Reinhard Contents 1 Acknowledgements 53 Agenda Day 3 morning sessions 2 Agenda Day 1 morning sessions 54 Parallel session 11 Pre-conference seminars Technology 4 Pre-conference seminar 1 56 Parallel session 12 Regulation, supervision Health and policy 58 Parallel session 13 8 Pre-conference seminar 2 Agricultural microinsurance – Academic track The index insurance experiment 1 12 Agenda 61 Parallel session 14 Day 1 afternoon sessions Proactive market development approaches 13 Opening and welcome addresses 64 Plenary 3 How to provide sustainable 16 Keynote address insurance for low-income farmers 18 Plenary 1 69 Agenda Round table – Opportunities Day 3 afternoon sessions and gaps of microinsurance market development in Africa 70 Parallel session 15 Agenda-setting for 21 Agenda 2 microinsurance in Tanzania Day 2 morning sessions 1 — Craig Churchill, 73 Parallel session 16 22 Parallel session 1 ILO / Microinsurance Innovation Case studies on how to Failures in microinsurance Facility, Switzeland, Chairman insure the poor’s property of the Microinsurance Network. 25 Parallel session 2 76 Parallel session 17 Strengthening training 2 — Dirk Reinhard, Case studies institutions Munich Re Foundation, Germany. 79 Parallel session 18 28 Parallel session 3 Academic / Healthcare track Health 83 Plenary 4 32 Parallel session 4 Institutional arrangements Academic track – for covering the health needs Agricultural insurance of low-income households 34 Plenary 2 86 Outlook session Is mutuality the missing link Next steps in market in microinsurance? development 37 Agenda 88 Field trip Day 2 afternoon sessions A cooperative health plan 38 Parallel sessions 5 and 9 for coffee farmers Presentation of the actuarial 90 Countries represented training modules for microinsurance and Pricing of microinsurance 92 Participating organisations 42 Parallel session 6 94 Acronyms Consumer protection for the low-income market 45 Parallel session 7 Client Math tool kit for understanding the value of microinsurance for clients 47 Parallel session 8 Training session on process mapping for business excellence Conference documents and 50 Parallel session 10 presentations Financial and social key are available online at: performance indicators for www.microinsuranceconference.org / 2012 microinsurance Links: Munich Re Foundation www.munichre-foundation.org Microinsurance Network www.microinsurancenetwork.org Report 8th International Microinsurance Conference 2012 1 Acknowledgements This report is the summary of the For three days, approximately 90 A conference of such magnitude 8th International Microinsurance speakers and facilitators discussed needs a lot of people working behind Conference that took place in Dar es innovative and sustainable micro- the scenes. The organisation team – Salaam, Tanzania, on 6–8 November insurance programmes, illustrated by Paula Jiménez, Petra Hinteramskogler, 2012. The conference was hosted the latest case studies and research Christian Barthelt, Torsten Kraus – by the Munich Re Foundation and the results.e W would like to thank all did an amazing job to organise an Microinsurance Network, with the of the presenters for dedicating time exceptional event. A special “thank support of the Tanzania Insurance and resources to share their know- you” goes to Thomas Loster, Chairman Regulatory Authority (TIRA), the Asso- ledge and experiences with the goal of of the Munich Re Foundation, for his ciation of Tanzanian Insurers (ATI), expanding effective risk management ongoing support of the conference GIZ / BMZ, Making Finance Work for solutions for the vulnerable low- project.e W would also like to thank Africa (MFW4A), the African Insurance income sector. the Executive Director of the Micro- Organisation (AIO), the Insurance insurance Network, Véronique Faber, No fewer than 16 insurance regulatory Regulatory Authority of Uganda (iRA), and her entire team for their great bodies were represented – more than Uganda Insurers Association (UIA), support with communication and in any of the previous conferences. Georgia State University’s Center for evaluation. the Economic Analysis of Risk (CEAR), This signals the strong commitment the African Development Bank (AfDB), of commissioners to build inclusive What’s next? After Latin America in the International Cooperative and insurance markets, and their keen 2011 and Africa in 2012, it is Asia’s turn Mutual Insurance Federation (ICMIF), interest in learning more about the again. The 9th International Microin- FinMark Trust, and the International application paper on microinsurance surance Conference will take place Labour Organization (ILO). regulation that was recently published from 12–14 November 2013 in Jakarta, by the International Association of Indonesia. The conference will see TIRA and ATI provided outstanding Insurance Supervisors (IAIS). the presentation of a groundbreaking support and guidance to make this study on the “Landscape of microin- Our appreciation also goes to the conference an extremely well attended surance in Asia” as well as presenta- nearly 600 participants from 60 coun- event and a true success. We would tions on a variety of new research and tries for contributing their comments especially like to thank the Insurance lessons learnt. We eagerly anticipate and questions and making the discus- Commissioner Mr. Israel Kamuzora the interesting sessions, presentations sions lively and thought-provoking. and ATI’s Chairman Manfred Sibande, and discussions and look forward to On behalf of the organisers, we would who were personally involved in the welcoming you in Jakarta. entire organisational process. It was like to thank the 18 members of the a great honour and pleasure to work conference steering committee. This Dirk Reinhard, Vice-Chairman, with them and their engagement was event would not have been possible Munich Re Foundation, Germany, unprecedented. We would also like without their work to identify suitable Chairman of the Conference Steering to express our appreciation to the speakers and presentations from Committee almost 200 submissions for speeches entire team of TIRA, especially Senior Craig Churchill, Chairman, that were received during the prepar- Public Relations Officer Eliezer Rweikiza, Microinsurance Network, and Team ations for this conference. who worked literally day and night Leader of the ILO’s Microinsurance and solved any problem that arose. A special “thank you” goes to the team Innovation Facility of rapporteurs – Sarah Ebrahimi, The 8th International Microinsurance Munich, Geneva, March 2013 Conference was honoured by Alice Merry, Marlene Mueller, María the presence of the Hon. Mohamed Victoria Saenz and Marijn van der Gharib Bilal, Vice-President of the List – led by Zahid Qureshi, for United Republic of Tanzania and helping us gather and document Hon. William Mgimwa, Minister of the key messages and lessons from Finance of the United Republic of the various sessions of the 2012 Tanzania. H.R.H Princess Máxima of conference. They did a terrific job the Netherlands, UN Secretary- objectively summarising the speakers’ General’s Special Advocate for presentations as well as the different Inclusive Finance for Development, views and opinions expressed during contributed to the opening session the discussions. As the style of the with a video message. The dignitaries’ sessions changes, so does the style keynote and welcoming speeches of the individual summaries. Readers, laid the ground for the discussions authors or organisers may not share in the subsequent 28 sessions of the all opinions expressed or recommen- conference. dations given – but they reflect the rich diversity of the discussions. Report 8th International Microinsurance Conference 2012 2 Agenda Day 1 morning sessions 6 November 2012 Pre-conference seminar 1 Pre-conference seminar 2 Regulation, supervision and policy Academic track Hosted by IAIS, MIN, Hosted by Georgia State Access to Insurance Initiative University / CEAR Facilitator Elisabet Rutstrom Brigitte Klein Professor, GSU, USA GIZ, Chair of Regulation, Experimental methods and Supervision and Policy Working Behavioural economics Group of the MIN, Germany Jimmy Martínez-Correa Welcome Professor, Copenhagen Israel Kamuzora Business School, Denmark Commissioner of Insurance, Behavioural risk management TIRA, Tanzania and Insurance IAIS guidance on inclusive Daniel Clarke insurance: Presentation University of Oxford / of IAIS application paper World Bank, UK Peter van den Broeke Actuarial science, International Association of economics and the design of Insurance Supervisors (IAIS), index insurance products Switzerland Facilitator Richard Phillips Intermediation challenges – Chairman, Department of Panel of supervisors Risk Management and Insurance, Georgia State Nyamikeh Kyiamah University (GSU), USA Commissioner, NIC, Ghana Evelyn Singun Head of Investment Division, IC, Philippines Ibrahim Jankara Deputy Manager, NAICOM, Nigeria Faraz Uddin Amjad Joint Director (Insurance), SECP, Pakistan Facilitator Hennie Bester FinMark Trust, South Afric Consumer protection and market conduct challenges – Panel of supervisors Ibrahim Lubega Commissioner of Insurance, IRA, Uganda Sudhin Roy Chowdhury Member at IRDA, India Sammy Makove Commissioner of Insurance, IRA, Kenya Facilitator Jacky Huma Head Microinsurance Supervision, FSB, South Africa Closing Mustapha Lebbar