Blog

Today, on International Women's Day, A2ii is launching the FeMa-Meter, a tool for collecting sex-disaggregated data across two categories: access to and use of insurance, and organisational diversity. The tool helps collect key insurance indicators and provides immediately a quick analysis. The tool is targeted at insurance supervisors and regulators, policymakers, and insurance companies.

Index insurance, also known as parametric insurance, has gained significant popularity in recent years due to its potential benefits. The use of satellite technology and predetermined trigger indexes allows for a swift response and efficient processing of pay-outs.

The shift to risk-based capital (RBC) approaches has many benefits for stakeholders in the insurance sector including consumers, industry players and supervisors. Not only does it support the development of the insurance market by providing flexibility and encouraging innovation, but it is also more efficient, allocating capital more appropriately to risk and reducing the amount of dormant capital. Additionally, RBC gives supervisors improved measures of financial soundness, insights into insurers’ risk management practises and corporate governance structures, comparability and proportionate ladders of intervention, leading to better supervision.

The impacts of climate change are diverse and wide-ranging. Its most immediate manifestations, such as natural catastrophes and extreme weather events, sea level rise, damage to biodiversity, and communicable diseases, amplify the hardships on developing economies which are often more vulnerable to damage and have fewer resources available to support the recovery.

To be able to provide well-designed insurance solutions that address the needs of the low-income and excluded customers in a manner that is customer friendly but also economically sustainable, calls for innovation - i.e. to do new things or to do things differently.