ICMIF LARG and Development Network Seminar Events

Tuesday, 18 October 2011

The ICMIF LARG (Latin American Reinsurance Group) event and the ICMIF Development Network Seminar event have both recently taken place in Cartegena, Columbia. The events took place from September 18-22 and this was the first time that the two events have taken place one after the other. The events were hosted by La Equidad Seguros, one of the Colombian members of ICMIF.

The two events brought together over 80 delegates from 22 member companies and 18 countries. This was a unique opportunity for microinsurance providers from across the globe to share their experiences and build new cooperation. The week began with the LARG Meeting which covered issues such as underwriting, claims, treaty terms negotiations and reinsurance as a management tool.

The LARG Meeting was followed by the fifth ICMIF Development Network Seminar “Improving access to insurance” which had the theme “Cooperative/Mutual Values: A Better Way to Increase Access to Microinsurance?” Delegates worked together in groups to encourage greater exchange of experiences and potential for collaboration.

During a seminar workshop, which took place as a precursor to the Network Seminar, the host organization, La Equidad, presented on the evolution of microinsurance at their company and its recent collaboration with the Ministry for Agriculture and Rural Development. The first day’s opening session for the Network Seminar included an inaugural speech by the Superintendent of the Financial Regulatory Board of Colombia. This was followed with sessions on “Our Customer, Our Member, Our Owner”, “More than just an insurer” and a group discussion session. The second day sessions covered “Building insurance literacy”, “Reaching even further through cooperation” and a panel session on “How can we be better?” The seminar ended with an award ceremony and closing remarks from Clemente Jaimes, Executive President, La Equidad and Nelson Kuria, Managing Director and CEO, CIC Insurance Group, Kenya.

Feedback on the event has been excellent and ICMIF members will soon be able to view and download presentations and photos from the two meetings from the event website: http://www.icmif.org/largdev2011