MICROCAPITAL BRIEF: Munich Re Foundation, Microinsurance Network Publishes Proceedings of 6th International Microinsurance Conference in Manila, Philippines

The proceedings of the 6th International Microinsurance Conference that took place on November 9-11, 2010, in Manila, Philippines, have been published by its organizers, the Munich Re Foundation, a nonprofit founded by German reinsurer Munich Re, and the Microinsurance Network, a for-profit organization that promotes the development of microinsurance products through information sharing and stakeholder organization. The conference featured approximately 80 practitioners, academics and industry leaders as well as representatives of regulatory bodies from approximately 15 countries who discussed research and case studies in areas such as pricing, weather index insurance and the determinants of microinsurance adoption. Among the findings were that the rate of microinsurance adoption is very sensitive to price and that effective weather index insurance should be based on multiple data sources, including local knowledge. The Munich Re Foundation has published the details and results of the conference at:

http://www.munichre-foundation.org/NR/rdonlyres/1F14880F-A1E2-4546-8A53-A52022551F08/0/MIC2010_Summaries.pdf

About Munich Re: Munich Re is a reinsurance company established in 1880 in Munich, Germany. It provides insurance advisory services, reinsurance, primary insurance and health insurance. Its assets are managed by Munich Ergo Asset Management (MEAG). As of 2009, Munich Re has an investment portfolio of EUR 182 billion (USD 256 billion), return on equity (ROE) of 11.8 percent and return on assets (ROA) of 4.3 percent.

About the Microinsurance Network: The Microinsurance Network was first established in 2002 as the CGAP Working Group on Microinsurance. The organization aims to promote the development of good-value insurance products for low-income populations by providing a platform for information sharing and stakeholder coordination. It has 52 member organizations. There is no financial information available on the organization.

By Christopher Maggio, Research Associate

[1] Munich Re Press Release: “Microinsurance sees growth opportunities worldwide: 6th International Microinsurance Conference concluded on 11 November in Manila”
http://www.munichre-foundation.org/StiftungsWebsite/Projects/Microinsurance/2010Microinsurance

Summaries: 6th International Microinsurance Conference
http://www.munichre-foundation.org/NR/rdonlyres/1F14880F-A1E2-4546-8A53-A52022551F08/0/MIC2010_Summaries.pdf

MicroCapital’s Microfinance Universe profile: Munich Re
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MicroCapital’s Microfinance Universe profile: Microinsurance Network https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=The+Microinsurance+Network

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