In the year it celebrates its 20th anniversary, the non-profit association Microinsurance Network (MiN), has welcomed 13 new institutional members, achieving more than 10% growth in membership for the second consecutive year.
With these new 2022 additions, the MiN now has around 90 institutional members who come from across the entire insurance ecosystem. Ttogether represent a diverse, global community of more than 500 experts and practitioners from over 70 countries.
The MiN members are committed to building a world where people of all income levels are more resilient and less vulnerable to daily and catastrophic risks through improved access to effective risk management tools, including insurance services.
Katharine Pulvermacher, Executive Director of the Microinsurance Network, said: “The reach, engagement and influence of our membership continues to flourish and we are always delighted to welcome new members to the Network. Our members represent every facet of the global inclusive insurance ecosystem and we are uniquely positioned to drive systemic sectoral change to deliver effective insurance to more than four billion emerging consumers at scale.”
The Network is looking ahead to a year of further impact in 2023 as momentum continues to build in inclusive insurance markets worldwide.
Its strategic vision to 2026 contains a number of clear actions that will further deliver accessible insight, data and country-level knowledge on implementing inclusive insurance programmes around the world.
Pulvermacher added: “Inclusive insurance has the potential to make a significant and enduring contribution to public policy goals and to closing the global people protection gap. However, only a tiny fraction of emerging customers and small-scale producers around the world have insurance of any kind – even for smaller, more frequent risks that can have a devastating effect on their way of life and economic well-being.
“This presents a clear opportunity for both the insurance sector and the public purse. While much more remains to be done, I am delighted that the valuable contribution our members bring in terms of resources, expert insight and partnerships is helping us to stimulate and drive the development of inclusive insurance markets around the world.”
