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Inclusive insurance is critical to financial inclusion, community stability and overall sustainable development, as it empowers individuals and families to make choices, they would otherwise not be able to make. Against this background, the Inclusive Insurance Working Group of the IDF contributes to the inclusive growth of emerging economies and to the resilience of their vulnerable communities by developing tailored risk transfer solutions.

The Working Group endorses the InsuResilience Global Partnership’s vision 2025 to deliver the benefits of insurance and climate resilience to 150 million people by 2025, including two cross-cutting objectives in incorporating gender mainstreaming and the pro-poor approach in all activities. Through public-private partnerships and regulatory support, it will enable conducive market environments to allow scalable and long-lasting impact-driven projects, share learning and dissemination of best practices, and enable convergence, collaborations and coordinated implementation efforts across the community  under a common agenda to raise ambition and set standards in the Climate and Disaster Risk Finance and Insurance  community.

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The IIWG has defined seven key focus areas:

  • Country diagnosis and market assessment of the inclusive insurance environment in chosen countries
  • Creating an enabling environment that can promote and advocate for legislative change in chosen countries and where necessary a supportive regulatory framework based on the IAIS’ best practice and guidelines
  • Convening and advocacy to ensure inclusive insurance is enabled and promoted by governments in countries as a long-term sustainable business solution as part of an effort to deepen resilience
  • Implementing scalable inclusive insurance products to contribute to the 150 million beneficiary target set by the InsuResilience Global Partnership
  • Evidence building and monitoring framework with targets focused on both impact and new customers reached in vulnerable communities
  • Providing a platform (alongside the wider IDF and its secretariat) for sharing of global learning and identification of best practices based on country interventions, with a secondary aim of streamlining work and reducing duplication
  • Building a marketplace for inclusive insurance practitioners and donors to provide funding for the most impactful interventions

Group Members

Leadership

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Astrid Zwick

Member of IDF Operating Committee and Co-Chair of IDF Inclusive Insurance Working Group

InsuResilience Global Partnership

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Garance Wattez-Richard

Member of IDF Operating Committee and Co-Chair of IDF Inclusive Insurance Working Group

AXA Emerging Customers

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Katharine Pulvermacher

Member of IDF Operating Committee and Co-Chair of IDF Inclusive Insurance Working Group

MiN (Microinsurance Network)

Executive Committee

Katharine Pulvermacher

MiN (Microinsurance Network)

Anaar Kara

AXA Group

Hannah Grant

A2ii (Access to Insurance Initiative)

Sabbir Patel

ICMIF (International Cooperative and Mutual Insurance Federation)

Jan Kellett

UNDP (UN Development Programme)

Membership

  • Access to Insurance Initiative (A2ii)
  • Allianz
  • AM Best
  • Asia Affinity Solutions
  • Blue Marble MicroInsurance
  • Centre for Financial Regulation and Inclusion (CENFRI)
  • International Cooperative and Mutual Insurance Federation (ICMIF)
  • International Finance Corporation (IFC)
  • InsuResilience Global Partnership
  • InsuResilience Solutions Fund (ISF)
  • MicroInsurance Network (MiN)
  • UN Development Programme (UNDP)
  • World Bank, World Food Programme (WFP)

Workstreams

Enabling Environment

  • Creating an enabling environment that can promote and advocate for legislative change in chosen countries and, where necessary, a supportive regulatory framework based on the IAIS’ best practice guidelines
  • Convening and advocating to ensure inclusive insurance is enabled and promoted by governments as a long-term sustainable business solution as part of an effort to deepen financial resilience

Development and delivery of products, tools and services

  • Implementation of scalable inclusive insurance projects to contribute to the 150 million covered people target set by the InsuResilience Global Partnership
  • Building a marketplace for inclusive insurance practitioners (including brokers, insurers and distribution channels) and donors to provide funding for the most impactful projects

Research, Monitoring and Evaluation

  • Country diagnosis and market assessment of the inclusive insurance environment in chosen countries
  • Evidence building and monitoring framework with targets focused on both impact and new customers reached in vulnerable communities