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Ongoing

4th Inclusive Insurance Innovation Lab (iii-lab)

The Access to Insurance Initiative (A2ii) is partnering with Reos Partners for the fourth Inclusive Insurance Innovation Lab to engage multistakeholder country teams from the insurance sector in dialogue and mutual learning, to develop innovative inclusive insurance solutions and help build resilience against the impacts of climate change.  

What is it about?   

The 4th iii-lab (2023-2024) is a 12-month journey where 3-4 teams from different countries, consisting of key stakeholders from the insurance sector, will collaborate on innovative insurance solutions to increase resilience against the impact of climate change. The project aims to benefit the most vulnerable segments of the population and is the 2nd iii-lab that addresses the widening climate protection gap. The project will be guided by the following question:  

How can you innovate for achieving climate resilience in your jurisdiction? 

The process 

The fourth iii-lab is split into three phases. Each phase consists of national and international components in which participants will attend virtual and in-person workshops to exchange within and across country teams and actively participate in the design and implementation of insurance innovations for building climate risk resilience.     

One year after the first national workshops, the fourth Inclusive Insurance Innovation Lab officially will come to an end while the implementation of innovations will continue under the responsibility of the country teams. 

Updates and results of the lab will be disseminated nationally by the country team and on a regional and global basis through A2ii. 

Participating countries: 

Participants in the climate lab are: Armenia (Central Bank of Armenia) , Nepal (Nepal Insurance Authority), and Senegal (Direction des Assurances)

Photo gallery

Click here to see the photo gallery.

 

Further information 

 

Supported by: 

 

 

Latest Updates

14 February 2024

Senegal national workshops take place

On 14-15 February, the first national workshop of the 4th iii-lab took place in Dakar, the capital of Senegal. The workshop was opened with remarks by Mr Mamadou Deme, Director of Insurance at the Ministry of Finance and Budget of Senegal, and Mr Rogier Hekking, Deputy Ambassador of the Netherlands.
 

The two days were filled with both concentrated discussion and personal exchanges within the national multi-stakeholder team, consisting of representatives from ministries, including the insurance regulator, brokers, industry, consumer associations, civil society, and international organisations.
 

The participants not only brought their diverse institutional backgrounds and knowledge to the table, but shared their unique perspective on the impact of climate change and the various ways inclusive insurance can protect the most vulnerable segments of the population. As one of the lab participants put it, “In 10 years, maybe we can say that we were an important part of creating the protection that everyone can have in Senegal today.”
 

To address the impact of climate change in Senegal, the group decided on an initial focus on the vulnerable segments of the population such as smallholder farmers, fisherfolk, and garbage collectors. They also chose to include a gender focus and examine how insurance regulation can support innovative and inclusive solutions to increasing resilience. Following the workshop, the national team will split into smaller working groups to map the stakeholder landscape and use interviews to further define the scope of their project.
 

The 4th iii-lab is a 12-month journey where teams from Armenia, Nepal and Senegal, consisting of key stakeholders from the insurance sector, are collaborating on innovative insurance solutions to increase resilience against the impact of climate change. For more information on the iii-lab, click here.

08 November 2023

Three countries selected

Congratulations to all three selected country teams from Armenia, Nepal and Senegal! 

Each multistakeholder country team will be embarking on a one-year journey to develop innovative solutions to increase resilience of the most vulnerable segments in their societies against the impacts of climate change. 

In the coming weeks, insurance supervisors from the three selected countries will start the convening process to put together their multistakeholder country teams. In early 2024, the teams will come together for the first iii-lab workshops to develop innovative solutions guided by the question: How can you innovate for achieving climate resilience in your jurisdiction?   

Once again, we are happy to partner with Reos Partners for the facilitation of the programme.  

See the announcement on LinkedIn