Microinsurance Network

#ICII2025 concluded last week and we're still reminiscing on the eventful week in Quito! Day 3 began with three parallel sessions on key themes shaping the future of inclusive insurance in Latin America: 💼 Session 1: Business cases for microinsurance across the value chain in Latin America Facilitator: Bert Opdebeeck (Microinsurance Master) Speakers: Carolina L. (Seguros TúPrimero), Raul Monroy (SBS Seguros Colombia S.A. ), Regina Silva (SERINSA) Key takeaways: 🔹 Finding partners who share the same purpose is essential to design insurance solutions for people new to such products. 🔹 Insurers must be flexible, allocate resources, and innovate with business models that respond to real needs. 🔹 Co-creation with clients helps close gaps, build trust, and improve adoption. 🔹 Strong partnerships among insurers, brokers, and MFIs enable simple, client-focused products with quick pay-outs. 🔹 Digital tools such as WhatsApp claims or parametric products improve accessibility and scalability. 🤝 Session 2: Building sustainable microinsurance partnerships Facilitator: Nataly Galan Perez (VisionFund International) Speakers: Théo DERVAUX (VisionFund International), Raúl Coka Aguirre (raúl coka barriga - Asesores de Seguros), EDSON LIMA DE SOUZA (SEGUROS DEL PICHINCHA) Key takeaways: 🔹 Microinsurance plays a vital role in promoting financial inclusion for women, farmers, and small entrepreneurs. 🔹 Sustainable programmes rely on balanced partnerships that deliver simple, transparent products with quick pay-outs. 🔹 Brokers and MFIs such as VisionFund stay close to clients, understand their needs, and help scale products effectively. 🔹 Simplified claims processes enhance engagement and trust. 🔹 Microinsurance must remain affordable and efficient, with minimal paperwork and strong customer support. 💊 Session 3: Inclusive health insurance – successes and failures in Latin America Lisa Morgan (The ILO's Social Finance Programme) highlighted the need for risk management integration & dedicated health funds. Wilson Peñafiel (Inmedical) stressed that efficient distribution, quality service, and regulatory adaptation are key to sustainability. Andrea Gómez García-Herreros (Seguros Bolivar S.A) showcased digital innovation that makes health cover accessible for informal workers. María Belén Gómez (Rio Uruguay Seguros & UNEP-FI’s Principles for Sustainable Insurance) called for gender-sensitive, socially empathetic products, while Peter Gross (Women's World Banking) showed how partnerships with microfinance, telecoms, and fintech companies are scaling simple hospitalisation insurance for millions of women. 🔗 Download presentations: https://lnkd.in/eG-tF22V Federación Ecuatoriana de Empresas de Seguros FEDESEG | Superintendencia de Compañías, Valores y Seguros | Junta de Política y Regulación Financiera y Monetaria (JPRFM) | Munich Re Foundation

🌎 Strengthening Inclusive Insurance Across Latin America 💡 A2ii was pleased to contribute to the ASSAL-IAIS Regional Training Seminar for Insurance Supervisors in El Salvador. A2ii Regional Coordinator Regina Lidia Giordano Simoes led a panel on “Financial Inclusion through Microinsurance in Latin America”, featuring: ✅ Sara Orozco Londoño (#Microinsurance Network), who shared insights from The Landscape of Microinsurance 2024 that estimates that 344 million people are covered across 37 countries—just 11.5% of the low- and middle-income population. ✅Rodrigo Leyton, MSc, ACII, who presented new data on demand trends in Peru, where earthquakes and robberies rank high in consumer risk perception. A big thank you to Association of Insurance Supervisors of Latin America (ASSAL), IAIS - International Association of Insurance Supervisors and the Superintendencia del Sistema Financiero team in El Salvador for their warm hospitality and for creating a space where collaboration for #inclusiveinsurance continues to grow across borders. Microinsurance Network Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones del Perú

🌍 Inclusive insurance is a global movement — and Ecuador just took a major step forward. At #ICII2025 in Quito, 400 experts from 47 countries gathered to share insights and solutions. The conference concluded with the declaration of five guiding principles for inclusive insurance in Ecuador, advancing accessibility, education, innovation, collaboration, and sustainability. 📊 The Microinsurance Network unveiled its Regional Report on Latin America and the Caribbean, alongside the launch of an interactive Data Hub and a Resource Hub featuring reports, case studies, and practical tools — all freely accessible to support inclusive insurance development globally. 🇷🇼 Looking ahead, #ICII2026 will take place in Kigali, Rwanda (19–23 October 2026) — continuing the global dialogue on financial resilience and inclusion. The event will be hosted by the Ministry of Finance and Economic Planning (MINECOFIN), the National Bank of Rwanda (NBR), Access to Finance Rwanda (AFR), ASSAR Rwanda Association of Insurers, and Rwanda Insurance Broker's Association (RIBA) in cooperation with Munich Re Foundation and the Microinsurance Network. 👉 Read the full press release: https://lnkd.in/dgJqFCED Federación Ecuatoriana de Empresas de Seguros FEDESEG | Superintendencia de Compañías, Valores y Seguros | Junta de Política y Regulación Financiera y Monetaria (JPRFM) | Munich Re Foundation

#ICII2025 comes to a close! 🌎✨ As the ICII 2025 wraps up, we reflect on a truly inspiring week of collaboration, innovation, and commitment to closing the insurance gap. Dirk Reinhard, Vice Chair of the Munich Re Foundation and Chairman of the ICII 2025 Steering Committee, expressed his gratitude to the organisers and participants. He highlighted the diversity and international reach of this year’s conference — over 80 speakers from 47 countries — and celebrated the event’s return to Latin America after eight years. Dirk also recognised Federación Ecuatoriana de Empresas de Seguros FEDESEG’s outstanding commitment and Lorenzo Chan’s leadership and legacy at the Microinsurance Network (MiN). Lorenzo Chan, Chair of the MiN Board and President & CEO of Pioneer Insurance, thanked Dirk, Matthew Genazzini, and the MiN team for their partnership, while praising Ecuador’s warm hospitality and FEDESEG’s exceptional efforts in hosting such a memorable gathering. A special thanks from the MiN Team and Board was also extended to Lorenzo for his leadership and dedication during his term as MiN Board Chair, which comes to an end this year. STEVEN BIGANIRO MBA, CPA(R), MSc Actuarial Science, UK, Director General of Capital Markets and Investment Schemes at Rwanda’s Ministry of Finance and Economic Planning (MINECOFIN), reflected on Rwanda’s progress in inclusive insurance — from national health insurance to agricultural schemes — and reminded us that financial resilience is a universal right. He closed by warmly inviting everyone to #ICII2026, taking place in Kigali, Rwanda from 19–23 October 2026, hosted by MINECOFIN, the National Bank of Rwanda (NBR), Access to Finance Rwanda (AFR), ASSAR Rwanda Association of Insurers, and Rwanda Insurance Broker's Association in cooperation with Munich Re Foundation and the MiN. Finally, Patricio Salas Guzmán, Executive Secretary of FEDESEG, brought the conference to a close with heartfelt remarks. He shared that bringing this global event on inclusive insurance to Ecuador fills the hosts with pride and gratitude. It demonstrated that true progress comes from collaboration between the public and private sectors, across 47 countries, all united by the shared goal of closing the protection gap and improving people’s quality of life. Patricio reminded us that inclusive insurance is more than a product — it’s a social mission that builds resilience, education, and opportunity for all. He thanked everyone who made this possible and passed the torch to our colleagues in Rwanda for 2026. A heartfelt thank you to all participants and speakers for another impactful and engaging conference! Special thanks to Federación Ecuatoriana de Empresas de Seguros FEDESEG, Junta de Política y Regulación Financiera y Monetaria (JPRFM), Superintendencia de Compañías, Valores y Seguros, and the Munich Re Foundation for their hard work and dedication in making ICII 2025 a success. See you next year in Kigali! 🇷🇼

🌎 Highlights from #ICII2025 – Plenary 4: Insurance and Sustainable Development – Partnering on Risk, Resilience and Transformation This plenary explored how insurance can serve as a catalyst for sustainable development, resilience, and transformation – aligning the sector more closely with the UN Sustainable Development Goals (SDGs). Lorcán Hall (Sustainable Development Solutions Network) facilitated the session and reminded participants that insurance remains undervalued and misunderstood, and that demonstrating its societal impact is essential to positioning the sector as a vital contributor to the SDG agenda. 💬 Key insights and reflections 🔹 Edoardo Totolo (Accion) highlighted that micro and small enterprises (MSEs) and informal workers often deplete their assets during crises. He emphasised that insurance should act as an efficient fallback mechanism, not just a financial cost. To build trust and scale, insurance must be embedded within existing digital ecosystems and supported by transparent claims processes. 🔹 David Andrés Terán Arízaga (Hannover Re) addressed the increasing prevalence of uninsurable risks driven by climate change. He pointed to innovative parametric solutions, such as Morocco’s FSEC mechanism triggered by the 2023 earthquake, as examples of proactive and preventive approaches. Partnerships and cross-sector collaboration, he noted, are essential for strengthening resilience and disaster preparedness. 🔹 Shelly Habecker, PhD (Swiss Re) underlined that insurance plays a crucial role in long-term risk management and reducing reliance on donor aid. With a global protection gap of $1.35 trillion, she called for cultural adaptation, public–private collaboration on claims, and innovative embedded products – particularly those addressing women’s health access – to close existing coverage gaps. 🔹 Arpita Das (Impact Actuarial) added that when agricultural and climate risks are included, the global protection gap rises to $1.8 trillion, affecting all regions. She advocated for bundled and blended solutions – such as combining parametric insurance with renewable energy or agricultural products — while reinforcing that customer trust, demand-side research, and public-sector capacity building are key to sustainable product design. This plenary highlighted the importance of partnership, innovation, and trust in transforming insurance into a driver of sustainable and inclusive development. 📢 More about the #ICII2025: https://lnkd.in/eSiF5C8W Federación Ecuatoriana de Empresas de Seguros FEDESEG | Superintendencia de Compañías, Valores y Seguros | Munich Re Foundation

🌍 Highlights from #ICII2025: Plenary 3 – Lessons learned from microinsurance development in Ecuador This session presented the initiatives underway in the Ecuadorian market to promote protection through microinsurance. Patricio Salas Guzmán (Federación Ecuatoriana de Empresas de Seguros FEDESEG) set the stage by calling for joint action between the public and private sectors to close Ecuador’s protection gap, where more than 70% of citizens remain without formal insurance coverage. He emphasised that building inclusive insurance mechanisms is not only about risk protection, but about fostering a more equitable, resilient, and supportive society. Roque Sevilla (Grupo FUTURO) emphasised that inclusion must be embedded in corporate strategy. He called on leaders to design simple, transparent, and accessible products that reach vulnerable groups, noting that insurance can drastically reduce recovery gaps for low-income families after loss – helping to narrow inequality. María José Cevallos Guevara (Aseguradora del Sur) highlighted that sustainability is now a prerequisite for relevance. Inclusive insurance, she noted, strengthens national resilience by improving the financial stability of low-income populations. Education, innovation, and collaboration remain essential to advancing inclusion, especially in the face of climate change. Sebastian Torres (SEGUROS UNIDOS) reinforced that inclusive insurance is a powerful tool for financial inclusion, enabling vulnerable populations to access protection and stability. He pointed to the importance of public–private collaboration, data sharing, and adaptive regulation to simplify processes and build client trust. LUIS CABEZAS-KLAERE (Superintendencia de Compañías, Valores y Seguros) stressed the need for balanced collaboration between the public and private sectors. Simplified procedures, transparency, and alignment with national policy will ensure inclusive insurance matures within a robust technical and regulatory framework. This session underscored a clear message: inclusion, sustainability, and innovation are not separate goals – they are interdependent pillars of resilience and shared prosperity. 📢 More about the ICII2025: https://lnkd.in/eSiF5C8W Superintendencia de Compañías, Valores y Seguros | Munich Re Foundation

💡 Highlights from #ICII2025 – Plenary 2: The Landscape of Microinsurance in LATAC: Live Data, Smart Decisions, Resilient Futures ✨ This plenary was especially meaningful for the Microinsurance Network, representing the culmination of several years of data collection and analysis by our team. It reaffirms our commitment to evidence-based insights, collaboration, and knowledge sharing to advance inclusive insurance globally. 📘 The session marked the official launch of the LATAC Landscape Report, presenting the latest insights on products, coverage, regulation, and distribution across the region. Download the report in Spanish, with the English version coming soon! 🔗 Download here: https://lnkd.in/d6mPrRdq 📊 We also introduced the new Interactive Data and Resource Hub, designed to make data more accessible and actionable for policymakers, regulators, insurers, and development actors. 👉 Explore the new Landscape website here: https://lnkd.in/dX7HuzXa Speakers included Claudia Vélez (FIDES), Catalina Pazos (Fondo Biocorredor Amazónico), Laura Elena Rosado (AXA EssentiALL), Regina Lidia Giordano Simoes (Access to Insurance Initiative (A2ii)), Nicolas Morales, and Sara Orozco Londoño (Microinsurance Network). The session was facilitated by Asier Achutegui (Microinsurance Network). Key Takeaways 🔹 The diversity of political and economic systems across LATAC means a “one-size-fits-all” approach doesn’t work. Countries can adapt regional examples—like Peru’s alternative channels or Colombia’s innovation labs—to their own contexts. 🔹 Collaboration with non-insurance sectors, such as agriculture and housing, helps identify vulnerable populations and design products that ensure both relevance and scalability. 🔹 Proportional regulation—such as Uruguay’s flexible approach or Brazil’s simplified issuance framework—encourages innovation and growth while keeping inclusion in focus. Federación Ecuatoriana de Empresas de Seguros FEDESEG | Superintendencia de Compañías, Valores y Seguros | Munich Re Foundation