AM Best to Sponsor Microinsurance Network Launch Event for Its Annual Benchmark Study of Inclusive Insurance in Emerging Markets
30 April 2024 - 2:40AM
Business Wire
AM Best will sponsor the Microinsurance Network’s event
to launch the group’s annual Landscape of Microinsurance study, an
important look at the state of development of global microinsurance
markets, in Geneva, Switzerland, on Thursday, May 2, 2024.
The Microinsurance Network’s 2023 study is its most
comprehensive report to date, with nearly 300 insurance providers
reporting on 1,000-plus products in 36 countries across Africa,
Asia, Latin America and the Caribbean. The Microinsurance Network
was established in 2002 by donors, multilateral agencies,
non-governmental organizations, private insurance companies and
other interested parties, and is the only global multi-stakeholder
platform that promotes the development and delivery of effective
risk management tools, including insurance services, for
underserved people. To coincide with the release of the 2023
Landscape of Microinsurance study, its results will be explored in
a webinar set for Thursday, May 2, at 10:00 a.m. CEST (4:00 a.m.
EDT).
Participation at the event at Centre du Domaine de la Pastorale
in Geneva is invite only, although the webinar is open for any
interested party. To register, please visit
https://irff.undp.org/events/2023-microinsurance-landscape.
AM Best will sponsor the networking lunch following the event
and extends its congratulations to the Microinsurance Network on
the release of its annual study. AM Best has played a past role in
the Microinsurance Network’s country workshops, which have
addressed barriers and possible solutions needed for developing a
microinsurance market. In 2023, the rating agency also expanded its
National Scale Rating to five additional countries - Egypt, India,
Indonesia, the Philippines and Vietnam - the purpose of which is to
reduce the impact of specific country risk effects and produce a
broader distribution of ratings in those countries. Through its
rating activities, AM Best seeks to strengthen the financial
solvency, stability, and sustainability of the insurance industry
in support of economic growth and the well-being of all
stakeholders.
For more information about the Microinsurance Network, please
visit the Microinsurance Network website.
AM Best is a global credit rating agency, news publisher and
data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2024 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS
RESERVED.
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Christopher Sharkey Associate Director, Public
Relations +1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Al Slavin Senior Public Relations Specialist +1
908 439 2200, ext. 5098 al.slavin@ambest.com