Page 71 - The Insurance Times December 2024

Session 2: Advanced Analytics and Practical Ap- Plenary 1: Opening of the ICII 2024
plications The inaugural session of ICII 2024 opened with keynote
Speakers: addresses and welcome remarks from distinguished guests
and dignitaries. The session emphasized the importance of
Alastair Norris, Climate and Disaster Risk Expert, IDF
Risk Modelling Steering Group (RMSG), United Kingdom inclusive insurance in addressing global socio-economic chal-
lenges, with a special focus on emerging markets and
Min Hung Cheng, Deputy CEO, Global Asia Insurance underserved communities.
Partnership, Singapore
Moustafa Khalil, Deputy Assistant of the Chairman, Guest of Honor:
FRA, Egypt Ramsahay Prasad Yadav, Hon'ble Vice President of
Nepal
Facilitator: Ronaldo Limbago, Regional Coordinator for
Asia, A2ii, Philippines Vice President Yadav underscored Nepal's commitment to
inclusive insurance, highlighting the importance of risk pro-
This session focused on advanced analytics, with speakers tection in a country prone to natural disasters. His speech
discussing how data-driven regulatory frameworks can en- emphasized that inclusive insurance solutions could uplift
hance risk assessment and compliance. Alastair Norris and vulnerable populations and enhance national resilience.
Min Hung Cheng shared insights into using data for disaster
risk management and predictive modeling in insurance su- Keynotes:
pervision. Arup K. Chatterjee, Principal Financial Sector Special-
ist, Asian Development Bank, Philippines
Session 3: Collaboration and Future Technologies
Jeffrey D. Sachs, Director of the Center for Sustainable
Speakers: Development at Columbia University and President of
Anuja Jaitly, Global Business Development, Blue the UN Sustainable Development Solutions Network,
Marble, USA USA (via video message)
Kay Tuschen, Head of Climate Resilience Solutions,
CelsiusPro, Switzerland Arup discussed the critical role of regulatory frameworks and
innovative financing solutions in advancing inclusive insur-
Gabriel Porto, SUSEP, Brazil ance. Jeffrey Sachs, through a video message, connected
inclusive insurance to the United Nations Sustainable Devel-
Facilitator: Pedro Pinheiro, Project Manager, opment Goals (SDGs), emphasizing the need for cross-sec-
Microinsurance Network, Luxembourg tor collaboration to ensure financial security for low-income
populations worldwide.
In this concluding session, speakers highlighted the role of
collaboration and emerging technologies in transforming Welcome Notes:
insurance supervision. Future technologies such as AI, Renate Bleich, Chair, Munich Re Foundation, Germany
blockchain, and advanced data platforms were discussed,
providing insights into their potential for more responsive Matthew Genazzini, Executive Director,
and inclusive insurance regulation. Microinsurance Network, Luxembourg
Chunky Chhetry, CEO, Sagarmatha Lumbini Insurance
The A2ii forum concluded with a call for collaborative ac- / President, Nepal Insurers' Association, Nepal
tion and technological adaptation to create a more effec- Surya Prasad Silwal, Chairman, Nepal Insurance Au-
tive and ethical regulatory environment.
thority, Nepal
Report Day 2 - ICII 2024 The welcome speakers expressed their commitment to ad-
On October 22, 2024, the International Conference on In- vancing the inclusive insurance agenda. Chunky Chhetry and
clusive Insurance (ICII) entered its second day, featuring a Surya Prasad Silwal highlighted Nepal's progress and the
series of plenary sessions and a press conference that ad- country's potential to serve as a model for inclusive insur-
dressed critical aspects of inclusive insurance. ance in Asia.

64 December 2024 The Insurance Times