9th Consultative Forum on the topic of “Exploring challenges in scaling up insurance as a disaster resilience strategy for smallholder farmers”
This half-day event brought together around 70 high-ranking representatives from the public sector, supervisory authorities and the insurance industry. Download the agenda here
Hosted by the Monetary Authority of Singapore (MAS), this event took place two days before the 12th Annual Conference of the Asian Forum of Insurance Regulators.
Agricultural index-based insurance has shown promising developments for smallholder farmers so far. In addition to helping farmers manage day-to-day production risks, it also contributes to national disaster resilience by providing financial protection to a vulnerable community that often forms a large part of developing country populations. However, recent discussions among regional policymakers have revealed challenges in scaling up index insurance in a sustainable way. This Forum discussed these challenges, while highlighting how three equally critical stakeholders – insurance supervisors, policymakers and the industry – can cooperate and align their respective roles in addressing these challenges.
Consultative Forums are a series of events jointly organised by the IAIS, A2ii and MIN. They aim to stimulate dialogue between policymakers, supervisors and the industry that is critical in fostering knowledge and sound policymaking in the field of inclusive insurance.
More information:
- Twitter: @A2ii_org, #9thCF
Briefing notes
Presentations
Introductory presentation: "Setting the scene: How insurance contributes to better livelihoods and disaster resilience for smallholder farmers" - Craig Thorburn, World Bank
Panel:
- "Expanding the Agriculture Insurance Market in the Philippines: Lessons Learnt and Recommendations" - Jimmy Loro, GIZ RFPI Asia
- "Scaling up agricultural index insurance: Contributions from sovereign risk pools" - Dr. Simon Young, African Risk Capacity
- "Country experience: Thailand" - Busaraporn Rattanayod, Ministry of Finance, Thailand
- "Crop insurance initiatives in India: Some observations from experience" - Muniappan Karthikeyan, DHAN Foundatio
Workshop: "Preparing and assessing an agricultural index insurance product proposal: An integrated approach from the perspective of supervisors, the industry and policymakers":
- "Preparing and assessing an agriculture index insurance product proposal" - Agrotosh Mookerjee, Risk Shield Consultants
- "Best practices and lessons learnt from Weather Index Insurance schemes in Sri Lanka" - Ravinda Herath, Sanasa Insurance
- "Index Based Insurance: The Kenyan Experience" - Joseph Owuor, Insurance Regulatory Authority, Kenya
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