6th Consultative Forum in Marrakesh on the topic of "Innovative products for the emerging consumer"
Over 70 representatives from supervisory authorities, the insurance industry and intermediary bodies came together at the 6th Consultative Forum on “innovative products for the emerging consumer” in Marrakesh, Morocco.
The African Insurance Organisation, the International Association of Insurance Supervisors, the Microinsurance Network and the Access to Insurance Initiative organised the 6th Consultative Forum on the afternoon of 11 and the morning of 12 May 2016 in Marrakesh, Morocco on the topic of "Innovative products for the emerging consumer".
The Forum took place alongside the 43rd African Insurance Organisation (AIO) Conference and General Assembly and was co-organised by the A2ii, International Association of Insurance Supervisors (IAIS), the Microinsurance Network (MIN) and AIO.
The introductory presentation was given by LeapFrog Investment Director Douglas Lacey and MIN Development Coordinator Jenny Nasr, who both provided an overview of the current landscape of microinsurance products, product innovations and related challenges, with a special focus on the MENA region and Sub-Saharan Africa. The first day consisted of a panel on innovative products and client value, and panellists Lydia Bawa from Ghana’s National Insurance Commission (NIC) and Stephen Cartwright from the UK’s MicroEnsure provided supervisory and intermediary perspectives, respectively. The panel was followed by an interactive plenary ‘fishbowl’ activity with participants, also on the topic of client value. On the second day participants broke out into two groups, moderated by development consultant Lemmy Manje from Zambia and Peter Wrede of the World Bank, and asked to brainstorm recommendations for successful innovative product development.
Overall the Forum served as a dynamic platform for dialogue and space for lively debates on mobile insurance as well as issues of product innovation and client value. Interesting discussions arose regarding issues of financial education, profit split between parties involved and data protection in relation to client value.
Presentations can be found below, and for more information please also visit the news item and the blog published by the Microinsurance Network on the 6th Consultative Forum proceedings.
The draft programme in both English and in French can be found here.
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