IIVF webinar on Actuaries in Inclusive Insurance – an introduction to the Risk Book Chapter on Inclusive Insurance
We will be running the webinar twice to maximize the reach across multiple time zones.
We invite you to select and register for the session most convenient for your time zone.
14 February 2023 / 14:00 - 15:30 PM (UTC)
15 February 2023 / 08:00 - 09:30 AM (UTC)
Inclusive insurance is an important tool for increasing the resilience of vulnerable families and small businesses across the world. Encouragingly, there has been impressive growth in the take-up of inclusive insurance. To make meaningful and valuable contributions to the growing inclusive insurance market, all stakeholders should appreciate and take account of the significant differences between inclusive insurance and traditional insurance markets. The differences have implications not only for actuaries, but for all stakeholders including non-actuaries supporting product design, pricing and risk management of inclusive insurance products and providers, and supervisors.
This webinar, hosted by the IAA’s Inclusive Insurance Virtual Forum, delves into the main differences between inclusive insurance and traditional insurance and the implications for practitioners providing technical support to inclusive insurance providers. We will draw on the experiences of three practitioners by hearing about the unique challenges that inclusive insurance has presented and how they have overcome these challenges.
The webinar touches on many of the key points highlighted in the inclusive insurance chapter published in the IAA’s Risk Book. It will also provide some pointers to actuaries who are interested in finding out more about inclusive insurance or becoming more involved in supporting the growth of inclusive insurance.
Speaker Nigel Bowman
Nigel is an experienced actuary having worked extensively in Life Insurance product development roles for multinational insurers across sub-Saharan Africa. He co-founded Inclusivity Solutions, an inclusive insurance technical services provider that enables digital insurance for the connected and unprotected and is currently an independent consultant focussing on inclusive insurance markets. Nigel chairs the International Actuarial Association’s Inclusive Insurance Virtual Forum.
Speaker Barbara Chesire
Barbara has worked in the insurance industry for the last 15 years and is a champion for inclusive insurance as a tool for poverty alleviation. With a strong actuarial background, Barbara is passionate to see insurance play a role in increasing financial resilience across the continent. She co-founded AB Consultants in 2014 with the aim to build the capacity of the African insurance industry to offer meaningful solutions and to make insurance accessible to those who need it most. She has led inclusive insurance projects in Kenya, Tanzania, Rwanda, Ethiopia, Ghana, Zambia and Mozambique, with a focus on market research, human-centered design approach to product development, strategy formulation, regulation and actuarial advisory.
Speaker Iker Llabres
Iker is a Mexican Actuary and has been the Head of Products for MiCRO over the last five years. MiCRO is a company specialized in strengthening climate resilience of the Latin American underserved market through parametric insurance solutions. Before joining MiCRO he worked for the International Labour Organisation in Geneva, and in the Mexican private sector as an insurance underwriter and a business consultant. Iker holds a BSc in Actuarial Science from Anahuac University and a MSc in Emerging Economies and Inclusive Development from King's College London.
Speaker Agrotosh Mookerjee
Agrotosh Mookerjee is a Fellow of the Institute of Actuaries, UK. He has worked in inclusive insurance for 11+ years on products and projects relating to over 40 countries in Africa, Asia, Australasia and Europe. Agrotosh is the Managing Director and Chief Actuary of Risk Shield, a technical service provider and consultancy on inclusive insurance, which specialises on agricultural and index insurance products. Agrotosh has delivered over 130 new products and consultancy projects since 2015 for a wide range of clients.