Call for proposals
To cover subjects that are currently of interest, the conference organisers are calling for proposals on the following topics:
1. Natural disasters / Agriculture
Following the G7 decision to substantially increase the number of people insured against climate risks, the organisers are interested in understanding the current development of insurance schemes, including parametric (index-based) products, to protect low-income clients against natural disasters and to safeguard their transition towards more sustainable livelihoods where necessary. The financial risk transfer solution should be in line with or embedded in existing loss prevention or integrated risk management strategies. What is needed to scale insurance against natural disasters? How can insurance along the value chain help farmers to be more resilient against disasters? The organisers of the conference are also interested in receiving proposals that report on the role of governments in developing solutions or facilitating the expansion of disaster risk insurance (tax exemptions, subsidies, availability of data through meteorological services etc.).
2. Combining micro with meso and macro disaster risk finance tools
Developing effective climate and disaster risk finance solutions requires ‘risk layering’. The combination of macro, meso and micro-level climate and disaster risk finance and insurance plays a vital role in strengthening the resilience of the vulnerable poor living in emerging economies against the impacts of disasters. Insurance generally provides the most cost-effective cover against severe events, while risk retention, contingent credit or shock-responsive loans or reserve funds are usually well-suited to cover less severe events with a higher frequency. The organisers invite presentations on how to design and tailor such solutions to meet the needs of the target group. How can solutions of different levels be integrated in a package to provide faster and more reliable responses? How can Implementing programs support these efforts by facilitating the necessary tools to assess the underlying risks, offering technical and financial assistance to implement appropriate sustainable mechanisms, and engaging with the insurance sector?
3. Insurance for micro, small and medium enterprises
MSMEs are the backbone of many developing economies. Businesses need to prepare for climate change impacts and assure their business continuity. This topic will consider the insurer business model constraints when serving MSMEs. We invite proposals discussing how insurance providers can meet different MSMEs’ risk management needs. Whereas microbusinesses, who often blur the lines between business and personal needs, are usually the prime target market for inclusive insurance, the distinct risk management needs of larger, aspirational but still small enterprises go largely unmet.
4. Disruptive solutions – inclusive insurance in the digital economy
There is an increased need for innovation in the insurance space, especially with the new opportunities that have emerged as the result of disruptive business models - large amounts of data, new technology, and more channels for engaging users. Digital platforms and new data aggregators are broadening the potential for digital finance services to reach previously excluded clients. The organisers are interested in efficient tools for data collection and analysis (including weather data), risk modelling and their application in developing markets. As part of this topic, the organisers' aims are to link innovative start-ups and established insurers, and to explore how solutions applied in developed markets can be used in emerging markets. In particular, submissions should address the benefit using the technology or application presented in the submission. The organisers of the conference are particularly interested to receive proposals where revolutionary technologies (artificial intelligence algorithms, blockchain etc.) impact risk profiling, pricing, claims processing, designing products etc.
5. Innovative distribution models
Efficient distribution systems remain a key barrier to closing the insurance gap. Given severe infrastructure restrictions across many rural regions, distribution challenges are particularly severe. Presentations should focus on rural clients, but may also include other hard-to-reach clients. We invite insurance providers, intermediaries, distribution channels and especially fintech firms to present how they can improve insurance distribution in under-served regions. How have these channels been used to overcome geographical, infrastructural and societal constraints? The organisers are interested in case studies covering the set-up of mutually beneficial partnerships and how to manage those partnerships pro-actively.
Regulators have a critical role to play in making sure insurance companies are addressing the risks associated with climate change. At the same time digital technologies are changing the insurance landscape. While this exponential growth comes with enhanced efficiencies and lower costs, it also may bring new risks to consumers. The conference organisers welcome proposals that explore how insurance supervisors can create environments that enable and encourage innovation while at the same time protecting consumers, and what lessons can be learnt from around the world.
7. Build capacities of people, societies and institutions
There is a need to build the capacities of people, societies and institutions on many levels such as the financial literacy of the target market or how to integrate insurance into a broader risk management approach. Risk carriers need a better understanding of the needs and preferences of the under-served client potential. Organisations with successful capacity-building experience at any of these levels are invited to submit applications to present their methods, tools and strategies at the conference. We are also interested in experiences in improving the insurance literacy of stakeholders with regard to digitally supported products and delivery mechanisms. Presentations should include a cost-benefit analysis assessing the effectiveness of the approaches used.
8./9. New inclusive insurance products or partnerships in the fields of health or hospital cash / New inclusive insurance products or partnerships in the fields of credit-life or funeral insurance
Making the poor resilient against climate change effects needs a holistic approach. Health remains the prioritised risk of people living in emerging economies. In many emerging markets, credit-life products dominate the market. Submissions should explore ways in which products or partnerships can be structured to broaden outreach and coverage as well as how they benefit the target market. Presentations that include details relating to product outreach, in addition to the performance indicators, will be given preference.
10. Scientific track – economic analysis of emerging insurance markets
Together with the Center for Economic Analysis of Risk at Georgia State University, the organisers will include a scientific track to encourage rigorous economic analysis of emerging insurance markets. Empirical, theoretical and policy-oriented papers are invited on topics such as:
• Factors that influence the demand for insurance and allow prediction of uptake
• Behavioural economics applied to insurance
• Triggers that substantially increase the use of insurance
• The role of temporary and permanent subsidies
• Role of insurance in achieving the UN’s Sustainable Development Goals (SDGs)
• Appropriate benchmarks to measure the success of inclusive insurance programmes
• Contract design to mitigate adverse selection and moral hazard
• Documentation of welfare impact and customer value
• Whether informal and formal risk-sharing mechanisms are complements or substitutes
• Policies to support market development and ensure consumer value
• Actuarial reserving issues
All submissions intended for the scientific track must clearly indicate how their proposed session is relevant for practitioners, policy makers and/or other stakeholders.