International Conference on Inclusive Insurance 2021 | Munich Re Foundation | 25 October 2021 | TBA, Kingston, Jamaica

Reaching scale in small countries

The last fifteen years have seen the insurance sector in emerging markets enjoy steady growth in client outreach and premium volumes. New technologies are boosting market coverage. The global middle class is predicted to number nearly five billion within two decades — but many of these individuals will still lack a formal safety net provided by insurance and will risk falling (back) into poverty. Climate change may make the situation worse because the frequency of extreme events will continue to increase, and low-income countries with a large proportion of poor and vulnerable communities will be disproportionately impacted by their effects. The G20 countries have therefore set a target of insuring an additional 400 million people against climate risks by 2020.

Representatives from insurance and reinsurance companies, brokers, distribution channels, technology providers, investment funds, international organisations, NGOs and development aid agencies, as well as academics, policy makers and insurance supervisors, from 40+ countries will attend the conference. Delegates will exchange views on current growth trends and risks in emerging markets and discuss key factors for successful implementation and maximised business opportunities to bring supply and demand to the next level.