MIC@M meets with Armenian Prime Minister on new agricultural insurance project

February 7, 2018 - The MicroInsurance Centre at Milliman was part of a delegation that met today with Armenian Prime Minister Karen Karapetyan to discuss plans and upcoming activities for a new agricultural insurance pilot project. Representatives from KfW (the German Development Bank), the German Embassy, Microfinance Strategy, and Agroconsulting were among those present. Read more on the meeting from Armenian News (News.am).

In December 2017, Microfinance Strategy (MFS), the MicroInsurance Centre at Milliman, and Agriculture Consulting Europe (AESA) were awarded this competitive contract by KfW to develop and pilot an agricultural insurance scheme in Armenia. Key stakeholders of the project include the Central Bank of Armenia, the Ministry of Agriculture, KfW and the InsuResilience Fund, and local insurance companies. This constitutes the implementation component of a larger, multi-phased project to promote risk management systems in the Armenian agricultural sector, one of the most significant in the country. Click here to access a short news post by Agroinsurance International on the overall project.

MicroInsurance Centre to join Milliman!

October 11, 2017 - The MicroInsurance Centre is pleased to announce that we have joined forces with Milliman, Inc., a premier global consulting and actuarial firm. This exciting new move aligns with our goal and vision of generating access to valuable microinsurance to 3 billion low-income people worldwide and with Milliman's mission of protecting the health and financial well-being of people everywhere. We are looking forward to the opportunities this will bring to have an even greater impact on meeting the risk protection needs of low-income populations across the globe!

Click here to access the official press release. (Haga clic aquí para la versión en español). 

Inclusive Insurance and the Sustainable Development Goals

The MIC is proud to announce the release of Inclusive Insurance and the Sustainable Development Goals: How insurance contributes to the 2030 Agenda for Sustainable Development. Co-authored by the MIC's Michael J. McCord and Katie Biese as well as by Solveig Wanczeck and Martina Wiedmaier-Pfister and published by GIZ, this monumental publication gives an overview of how insurance is a primary contributor to six Sustainable Development Goals (SDGs) and a secondary contributor to five additional SDGs. Achieving the SDGs and their targets requires global engagement across a variety of public and private sectors, including insurance. A global effort among insurers, governments, the development community, and other key stakeholders to promote inclusive insurance is needed now.

Download the document here!

Event Report Released for 'Microinsurance: International Experiences and Egyptian Applications'

This report provides an overview of the conference sessions and workshop as well as presents key lessons and takeaways from 'Microinsurance: International Experiences and Egyptian Applications'. The event was jointly organized by EFSA, JICA, GIZ, and the SANAD Fund for MSMEs and took place 7-8 May, 2017 in Cairo. The sessions brought together the Egyptian insurance industry and insurers from Morocco, Ghana, and Jordan. The MIC was honored to facilitate several sessions, moderate the Day 2 workshop on microinsurance product development, and edit the event report. Click here to download the report.

Proportionality in Practice Case Studies Released - research conducted by the MicroInsurance Centre

The Access to Insurance Initiative (A2ii) recently released two Proportionality in Practice publications, which include practical examples of the implementation of proportionate regulation relating to both distribution and disclosure of information to the customer. Access the documents in the below links:

• Proportionality in practice: Distribution (case studies from Ghana, Mexico, and the Philippines)
• Proportionality in practice: Disclosure of information (case studies from Brazil, Pakistan, Peru, and El Salvador)

MicroInsurance Centre Awarded Competitive Contract from UN's IFAD

The MIC is pleased to announce that after a competitive tendering process, it has been awarded a 2.25-million-dollar contract by the United Nation's International Fund for Agricultural Development (IFAD). For more details, read the full press release