Blog

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.

Dear friends and colleagues, I wish to begin this year’s end message by thanking the A2ii Secretariat team for their energy and unwavering dedication to the vision of Access to Insurance Initiative – that more poor and vulnerable people have access to and use affordable insurance appropriate for their needs.

The International Organisation for Migration estimated that 281 million people, almost four per cent of the world’s population, were living outside their home countries in 2020.  The World Bank calculates that in 2021, $773 billion were sent as remittances, although this number is estimated to be much higher if informal remittances were taken into account. 

Katherine Miles and Manoj Pandey are the authors of the recent A2ii report 'The Role of Insurance Supervisors in Boosting Women’s Access to Insurance'. The report outlines the potential of women’s insurance and the regulatory and supervisory approaches that have the potential to facilitate women's access to inclusive insurance, improving financial resilience and advancing the cause of gender equality.