Page 68 - The Insurance Times December 2024

Conference Report

International Conference on Inclusive Insurance

(ICII) 2024

Media Partner: The Insurance Times

T The 20th edition of the International Conference The conference addressed barriers like regulatory chal-
on Inclusive Insurance (ICII) concluded on a high
lenges, distribution hurdles, and consumer awareness.
Discussions shed light on effective strategies for over-
note in Kathmandu, Nepal, after five days of in-
sightful discussions, interactive workshops, and
collaborative networking. Hosted by the Nepal Insurers' coming these obstacles and making inclusive insurance
solutions both practical and impactful.
Association in partnership with the Life Insurance Associa-
tion Nepal, Nepal Micro Insurance Association, Nepal Insur- ICII 2024 concluded with a call to action, encouraging in-
surers, regulators, and development partners to work to-
ance Authority, Munich Re Foundation, and the
Microinsurance Network, the conference brought together gether toward building a sustainable inclusive insurance
around 500 participants from around the globe. The Insur- ecosystem.
ance Times was the media partner in the event. The conference's success underscored the importance of

innovation and collaboration in building a resilient, inclusive
Key Themes and Focus Areas insurance industry capable of addressing the diverse risks
Themed "Innovation and Collaboration in Inclusive Insur- faced by vulnerable populations.
ance: Addressing Climate Risk, Leveraging Digital Solutions,
As ICII 2024 drew to a close, participants departed with
and Breaking Barriers," ICII 2024 centered on advancing
insurance solutions for underserved and vulnerable commu- fresh insights, strengthened partnerships, and a renewed
nities, especially in the face of growing climate challenges. commitment to advancing inclusive insurance for the bet-
This year's agenda featured 24 sessions, covering various terment of communities worldwide. The conference high-
aspects of inclusive insurance, from climate risk and resil- lighted Nepal's role as a valuable host, demonstrating the
ience to digital innovation and public-private partnerships. tangible impacts of inclusive insurance in action, with valu-
able lessons that resonate far beyond its borders.

The conference emphasized three main areas: Report - Pre Conference Workshop on Day
1. Climate Risk Insurance: Sessions highlighted how cli-
mate risk insurance could protect low-income popula- 1 - ICII 2024
tions from natural disasters. Experts shared insights on Highlights of Sessions
scalable insurance models that offer resilience against
climate-induced losses, underscoring the importance of Workshop 1: Introduction to Inclusive Insurance
accessible and affordable insurance in climate-vulner- Hosted by: International Labour Organization
able regions.
(ILO)
2. Digital Innovations in Microinsurance: Digital technol-
Speakers:
ogy was a major focus, with discussions on how mobile
technology, big data, and AI are transforming Craig Churchill, Chief, ILO, Social Finance, Switzerland
microinsurance. Participants explored case studies on Lisa Morgan, Technical Specialist, Actuary, ILO's Impact
how these digital advancements make insurance more Insurance Facility, Switzerland
accessible and affordable for underserved communities. Pranav Prashad, Senior Technical Officer - Impact In-
3. Overcoming Barriers to Scaling Inclusive Insurance: surance Facility, ILO, Switzerland

The Insurance Times December 2024 61