The 14th IMC “Inclusive Insurance for Emerging Markets” will take place in Lusaka from 6 – 8 November 2018. Approximately 450 experts from around the world will discuss and identify ways of accelerating growth and economic viability in inclusive insurance for emerging markets. The conference will be hosted by the Microinsurance Technical Advisory Group of Zambia (TAG) and the Munich Re Foundation in cooperation with the MiN.
The insurance sector in emerging markets has enjoyed steady growth in client outreach and premium volumes over the last fifteen years. New technologies are boosting market coverage. In Asia alone, the number of people insured through mobile phones exceeds 40 million. Furthermore, the G7 countries have set a target of insuring 400 million people against climate risks by 2020. Nonetheless, many people are still without cover or alternative risk management options. The global middle class is predicted to number nearly five billion within two decades — but many of these individuals will still lack a formal safety net from insurance and will risk falling (back) into poverty.
The main focus of the 14th IMC will be how best to respond to this challenge by applying new technologies, understanding the role of insurance for sustainable development, improving supply, raising awareness of insurance, creating appropriate regulatory frameworks and better understanding of the particular needs of the low income population.
Representatives from insurance and reinsurance companies, distribution channels, technology providers, investment funds, international organisations, NGOs and development aid agencies, as well as academics, policy makers and supervisory regulators, from around 50 countries will attend the conference. Attendees will exchange views on current growth trends and risks in emerging markets and discuss key factors for successful implementation and maximised business opportunities to bring supply and demand to the next level.