What Is Micro Insurance and Why Is It Needed?
Many banks, insurance companies and microfinance institutions exist in emerging markets to serve the needs of the newest financial customers in the world, people gaining their first savings account or taking out their first loan or insurance policy. This opportunity can be a source of profitable growth, or it can be a source of financial and reputational risk. The world’s poor are uniquely vulnerable to usurious rates and the misselling of inappropriate products. In this pre-recorded Virtual Learning Opportunity, Jack Nelson, Portfolio Manager, Stewart Investors Sustainable Funds Group and Michael J. McCord, Managing Director, Micro Insurance Centre at Milliman talk about the importance of micro insurance and inclusive protection in emerging markets.
Hear from Jack Nelson on the collaboration initiatives Stewart Investors have engaged in to put micro insurance firmly on the agenda. Michael J. McCord discusses how Milliman have worked with companies on developing micro insurance products.
If you have any questions, or challenges viewing the recording, please contact Karla Moreno, [email protected].