Skip to main content
To the Workshops and Seminars list of events

18th Consultative Forum

Event Report:

The 18th Consultative Forum was entitled “The Interconnectivity of Climate Change and Natural Catastrophes:  How insurance is responding to build resilience and bridge the protection gap”. It was jointly organised by the Access to Insurance Initiative (A2ii) and the International Association of Insurance Supervisors (IAIS) in partnership with the Microinsurance Network (MIN), and the Insurance Development Forum (IDF). It took place on 23 October alongside the International Conference on Inclusive Insurance in Accra, Ghana.

It brought together around 150 representatives of international initiatives, the insurance industry as well as policymakers and supervisors to jointly identify best practices, challenges, and opportunities for developing and implementing insurance solutions that can promote financial resilience in the face of climate change and natural disaster.

The Forum was opened by Michael Kofi Andoh, the Ag. Commissioner of Insurance, NIC Ghana.

In the first session on "Global Initiatives- Awareness & Education," Alistair Gaugh, IAIS Executive Coordinator, presented the IAIS report on insurance supervisors' role in closing natural catastrophe protection gaps. Astrid Zwick, Head of the InsuResilience Secretariat (GIZ) introduced the Global Shield and its inclusive process, highlighting the joint V20 and G7 initiative's role in closing protection gaps. Tomás Soley, Superintendent of SUGESE Costa Rica and Grace Muradzikwa, Commissioner of Insurance and Pensions Commission, Zimbabwe shared their experiences on climate change action. IAIS affirmed supervisors' mandate in addressing protection gap issues.

In the second session, Dr. Stuart Fraser, Technical lead of IDF Risk Modelling Steering Group, guided the audience through the fundamentals of risk analytics as practiced by both private and public sectors, describing the metrics that unlock different types of risk finance and the key considerations to apply when using risk models to make decisions. Nick Moody, Coordinator of IDF Risk Modelling Steering Group and the private sector co-lead of the Global Risk Modelling Alliance introduced the Global Risk Modelling Alliance (GRMA). The GRMA (which is part of the Global Shield, funded by the German government and supported by the insurance sector through the IDF) offers countries open data, technology, and practical learning through co-development of risk management strategies and applied risk finance projects. This session ended with a discussion between Nick Moody and Mr Moses Ackah-Jayne, National Insurance Commission Ghana on Ghana’s partnership in the programme. Moses stressed the need for risk analysis to reduce uncertainty in financial resilience citing, in particular, the Ghana Agricultural Insurance Fund, which itself builds on the framework of the Ghana Agricultural Insurance Programme and spoke of the ambition to apply these approaches to a wider range of risks in the future as the insurance sector grows.

The third session featured private insurance representatives Carlos Boelsterli, CEO of Micro and Dorien Asampana, Head of Operations at IBISA Network along with humanitarian sector actors Andrea Camargo, Microinsurance Programmes Lead at World Food Programme and Malieta Inoke, Country Coordinator at United Nations Capital Development Fund (UNCDF), who discussed using climate risk models to bring solutions to markets through product innovation and technology. They emphasised the importance of supervisor-industry dialogue and bundling insurance with other financial services.

Overall, the forum provided insights into addressing protection gaps, the role of supervisors, risk modelling, and innovative solutions to climate risks.

 

 


 

Event Announcement:

The upcoming Consultative Forum is jointly organised by the Access to Insurance Initiative (A2ii) and the International Association of Insurance Supervisors (IAIS) in partnership with the Microinsurance Network (MIN), and the Insurance Development Forum (IDF). It will take place alongside the International Conference on Inclusive Insurance in Accra, Ghana. The conference will be jointly hosted by the National Insurance Commission of Ghana (NIC), the Ghana Insurers Association (GIA) and the Insurance Brokers’ Association of Ghana (IBAG) in cooperation with the Munich Re Foundation and the Microinsurance Network.

About

The devastating impact of climate change has already become a reality for many, and even more the most vulnerable societies and households. Addressing the widening protection gaps requires close collaboration between the public and private sector. Thus, bringing together key stakeholders to share their knowledge and experience in addressing climate change related risks is more important than ever.

The Consultative Forum 2023 will gather representatives of international initiatives, the insurance industry as well as policymakers and supervisors to jointly identify best practices, challenges and opportunities for developing and implementing insurance solutions that can promote financial resilience in the face of climate change and natural disaster. 

Who should attend?
Senior representatives of insurance regulatory and supervisory authorities, supervisors from other relevant sectors, policymakers, insurers, brokers, climate change experts, aggregators, and international development partners.

What are the key themes?
The forum will start by looking at global initiatives like the Global Shield against Climate Risks and discuss the IAIS’ most recent work on NatCat Protection Gaps and supervisory approaches to help closing existing protection gaps. In addition, industry representatives will highlight the impact of new products and innovative services they have been developing to buffer the impact of climate change.  A special focus will be put on the topic of risk modelling since one of the key elements for the insurance industry, but also for policymakers and other decision-makers is quantifying risks arising from natural catastrophes. In the light of climate change, risk modelling becomes more challenging as relying on historical data is no longer enough. For this reason, the session on risk modelling during the CF will be complemented by a half-day online training event in November for supervisors to deepen their knowledge on the topic. 

What are the expected outcomes?
The event aims to produce a set of recommendations and best practices for addressing climate and disaster risks in inclusive insurance markets. These recommendations will be disseminated to the IAIS, A2ii, MiN and IDF networks and other stakeholders to inform policy and practice. In addition, the event will provide a platform for networking and knowledge exchange among participants, fostering collaboration and partnerships in this critical area.

How to register?
To attend the Consultative Forum, you have to be registered for the International Conference on Inclusive Insurance. Please register for the conference here
Select the pre-conference you would like to attend on the second page of the registration form:

To join the Consultative Forum please select Workshop 3: The interconnectivity of climate and natural catastrophes:

Documents

 

Presentations from speakers: 

Date:
Monday, 23. October 2023 1:45 PM
to Monday, 23. October 2023 6:30 PM
Duration:
1 day
Location:
Accra, Ghana
Knowledge category:
Workshops and Seminars
Global
Africa
Climate Risk/Disaster Insurance

Also in Workshops and Seminars

1 day

19th Consultative Forum: Enhancing Data-Driven Insurance Supervision

more
3 days

AITRI Regional Workshop on Supervisory Implications of IFRS 17, Insurance Contracts

more
1 day

FIF Plenary Meeting

more
1 day

IAIS Market Conduct Working Group

more
1 day

A2ii-IDF Workshop on Risk Modelling for Insurance Supervisors

more
2 days

2023 Annual CAIR Conference

more
2 days

ASSAL-IAIS Regional Training Seminar for Insurance Supervisors

more
1 day

A2ii-RFPI/MEFIN-MiN Asia Regional Dialogue on "The Role of Insurance and Data in closing the Climate Risk Protection Gap"

more
2 days

A2ii-FSI-IAIS-SARB meeting for insurance supervisors from Sub-Saharan Africa

more
2 days

AITRI-A2ii-IAIS Workshop on Leveraging Technology for Better Supervision

more
1 day

A2ii-ASSAL-IAIS Regional Dialogue on Insurance and the Sustainable Development Goals

more
2 days

Inclusive Insurance in the Central and Eastern Europe and the Transcaucasian (CEET) region - Challenges and Potential Opportunities

more
2 days

IAIS-A2ii First Strategic Roundtable for Asian Supervisors

more
2 days

A2ii-FSI-IAIS-SARB Regional meeting for insurance supervisors from Sub-Saharan Africa

more
1 day

A2ii-ASSAL-IAIS First Strategic Roundtable for Latin American Supervisors

more
1 day

Sub-Saharan Africa Public Dialogue on InsurTech: Catalysing Access to Financial Services following Covid-19

more
1 day

IAIS-FSI-A2ii-SARB virtual seminar on cyber security and data protection in the insurance sector - Africa

more
1 day

IAIS-FSI-A2ii-AITRI virtual seminar on cyber security and data protection in the insurance sector - Asia

more
1 day

IAIS-FSI-A2ii-SARB virtual seminar on cyber security and data protection in the insurance sector - Africa

more
1 day

IAIS-FSI-A2ii-AITRI virtual seminar on cyber security and data protection in the insurance sector - Asia

more
1 day

A2ii-ASSAL webinar on "Insurance for MSMEs: The Protection Gap exposed by Covid-19"

more
5 days

Coping with Common Challenges in Developing Insurance Markets training program for insurance supervisors and regulators

more
3 days

FSI-AMF Regional Seminar on Pillar 2 and Risk-based Supervision

more
2 days

A2ii-SARB-IAIS Regional meeting for insurance supervisors from Sub-Saharan Africa

more
1 day

17th Consultative Forum on Climate and Disaster Risk for insurance supervisory authorities, insurance practitioners and policymakers “Climate and disaster risk: building resilience, bridging the protection gap in Asia”

more
2 days

Global Insurance Supervision Conference

more
2 days

A2ii 10-Year Anniversary Conference

more
2 days

Africa 3.0 - Using Tech to Seal the Insurance Gap

more
1 day

Roundtable on “Insurance for women: specific needs and inclusion”

more
2 days

16th Consultative Forum on Climate and Disaster Risk - Climate and disaster risk: building resilience, bridging the protection gap

more
1 day

15th Consultative Forum on Inclusive Insurance - Climate and disaster risk: building resilience, bridging the protection gap

more
1 day

14th Consultative Forum on InsurTech in Latin America

more
1 day

Supervisory Dialogue on the impact of informality on insurance markets - what supervisors can do

more
2 days

13th Consultative Forum on Mobile Insurance and InsurTech: rising to the regulatory challenge

more
1 day

12th Consultative Forum on InsurTech

more
1 day

11th Consultative Forum on microinsurance regulation “Scaling up insurance as a disaster resilience strategy for smallholder farmers in Latin America”

more
2 days

10th Consultative Forum on the topic of “Scaling up agricultural index insurance in Africa: Building disaster resilience of smallholder farmers”

more
1 day

9th Consultative Forum on the topic of “Exploring challenges in scaling up insurance as a disaster resilience strategy for smallholder farmers”

more
2 days

IAIS - A2ii-CIMA Mobile Insurance Conference

more
1 day

8th Consultative Forum on the topic of “Challenges and opportunities presented by alternative distribution channels”

more
1 day

7th Consultative Forum on the topic of “The role of mutuals, cooperatives and community-based organisations in inclusive insurance markets”

more
2 days

CIMA-A2ii Workshop on mobile insurance regulation

more
2 days

6th Consultative Forum in Marrakesh on the topic of "Innovative products for the emerging consumer"

more
1 day

5th Consultative Forum in Casablanca on the topic of "Consumer Education: Old questions, new thinking"

more
2 days

Policy Seminar - Consultative Forum on Microinsurance Regulation for Insurance Supervisory Authorities & Insurance Practitioners

more
2 days

Expert Symposium “Proportional regulatory approaches in inclusive insurance markets – Capturing what we learnt for the future”

more
1 day

3rd IAIS-MIN-A2ii Consultative Forum Mass and micro: Consumer protection challenges in inclusive insurance markets

more
2 days

Stakeholder workshops to present the findings of the Colombia diagnostic

more
2 days

Stakeholder workshops to present and discuss the Jamaica microinsurance country diagnostic findings

more
1 day

Challenges and opportunities in enhancing client value in insurance - the African experience with new technologies - 2nd Consultative Forum

more
2 days

Stakeholder workshops to present the findings of the Peru diagnostic

more
1 day

Microinsurance Regulation for Insurance Supervisory Authorities & Insurance Practitioners - Consultative Forum on "Business models, distribution and their regulatory"

more
1 day

Kick-off workshop for country mission in Jamaica, November 4, 2013, Kingston

more
2 days

Kick-off workshops for country mission in Colombia, October 17-18, 2013, Bogotá

more
2 days

Responsible Finance Forum IV – Consumer Protection in Emerging Insurance Markets

more
2 days

Seminar on Microinsurance Regulation for Supervisory Authorities

more
2 days

Regional Workshop for Supervisors from Latin America and the Caribbean

more
1 day

Policy Seminar on Access to Insurance, Tanzania

more
1 day

Workshop for regional regulators to make insurance work for the poor, Fiji

more
2 days

High – Level seminar on Micro-insurance Regulation for Supervisory Authorities

more
3 days

Policy Seminar on Access to Insurance for Supervisors, Regulators and Policy Makers

more
1 day

Regulators’ Workshop on Microinsurance

more
1 day

Policy Seminar on Access to Insurance for Regulators and Supervisors

more
3 days

Meeting on Microinsurance - Promoting Successful Regulatory and Supervisory Approaches for Increased Access to Insurance

more
1 day

Expert Round Table on the “G20 Financial Financial Inclusion Process"

more
2 days

International Conference: Enabling Microinsurance Markets "Overcoming the challenges for the insurance industry, regulators and supervisors"

more