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in insurance. Solutions included digitalization, ca-  o  Discussions focused on balancing client value with
                 pacity building, and regulatory support to foster   profitability, showcasing innovations in digital claims
                 market growth.                                      processing and consumer education.

          Day 3: Parallel Sessions                            Day 4: Plenary Discussions

          The third day featured focused discussions on di-   1. Women in the Insurance Sector:
          verse topics:                                          o   This session highlighted the transformative role of
          1. Strategies for Inclusive Insurance:                     women as agents and employees in the insurance
             o   Senior executives shared approaches to balancing    sector. Gender-inclusive hiring practices and tai-
                 profitability and customer value in inclusive insur-  lored insurance products were presented as tools
                 ance. Strategies included scaling microinsurance    for financial empowerment.
                 products and aligning financial metrics with social
                 impact goals.                                2. Financial Resilience and Climate Adaptation:
                                                                 o   Speakers from Nepal, Uganda, and India discussed
          2. Dealing with Basis Risk in Parametric Insurance:        the integration of digital solutions into climate risk
             o   This session examined how basis risk in parametric  insurance. Examples like India's PMFBY showcased
                 models undermines trust. Solutions like improved    how government-led initiatives can protect vulner-
                 data integration and recalibrated models were       able populations.
                 proposed to align payouts with ground realities.
                                                              3. 20 Years of ICII:
          3. Women and Insurance:                                o   Reflecting on the conference's evolution, this ses-
             o   Addressing the gender protection gap, speakers em-  sion reviewed milestones in inclusive insurance, from
                 phasized tailored products for women and the role   early focus areas like agriculture to the rise of digi-
                 of female agents in advancing financial inclusion.  tal and parametric solutions. Insights from Peru,
                                                                     Bangladesh, and Zambia highlighted diverse ap-
          4. Index-Based Livestock Insurance:                        proaches to closing the protection gap.
             o   Lessons from Kenya and Ethiopia highlighted the
                 importance of gender-sensitive communication and Day 5: Field Trip and Closing Remarks
                 consistent policy adjustment to support pastoral  The final day included a field trip to Kageshwori Manahara,
                 communities effectively.                     Nepal, where participants observed the impact of inclusive
                                                              insurance policies on rural communities. This provided prac-
          5. Creating Innovation Ecosystems:                  tical insights into implementing insurance solutions in chal-
             o   A2ii's lab showcased multi-stakeholder practices for  lenging environments.
                 insurance innovation, with examples of digital tools
                 enhancing agricultural insurance distribution in  Closing Ceremony: Speakers emphasized the need for con-
                 Kenya and Nepal.                             tinued collaboration and innovation. Dirk Reinhard of Munich
                                                              Re Foundation highlighted the ongoing journey to bridge the
          6. Cooperative and Mutual Models:                   protection gap, urging participants to implement insights
             o   Cooperative models were presented as sustainable  gained during the conference.
                 pathways for inclusive insurance. Examples from
                 India and the Philippines demonstrated the value  Key Outcomes and Takeaways
                 of community-driven insurance initiatives.
                                                              1. Climate Risk and Resilience:
          7. Pitching Sessions:                                  o   Inclusive insurance must prioritize climate-vulner-
             o   Innovators presented ideas like climate resilience  able populations. Collaborative models and digital
                 platforms and affordable health insurance apps,     solutions can enhance resilience and streamline
                 seeking funding and partnerships to advance inclu-  claims processes.
                 sive insurance.
                                                              2. Digital Innovation:
          8. Improving the Value of Inclusive Insurance:         o   AI, mobile technology, and big data are transform-

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