Responsible Finance Forum 2013 | Berlin
Consumer Protection in Emerging Insurance Markets
June 24-25, 2013
The Fourth Annual Responsible Finance Forum (RFF IV) focused on how to foster consumer protection in emerging insurance markets. During the Forum, 85 high-ranking participants from 23 countries exchanged ideas, shared experiences and presented initiatives to advance the agenda for responsible insurance. There are more than 500 million microinsurance consumers and that number continues to grow. Innovations are taking place in the market to bring down costs, safeguard profits, achieve affordability and extend the reach of microinsurance. In order to sustain growth and achieve scale and sustainability, consumers must experience true value.
- Focus on the importance of both effectively protecting consumers and continuing to promote the development of microinsurance markets.
- Improve the business case for responsible microinsurance and promote responsible practices to be adopted by microinsurance stakeholders
- Identify the challenges of consumer protection in microinsurance and potential trade-offs to move the market forward.
The Fourth Responsible Finance Forum (RFF IV) was hosted by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the Federal Financial Supervisory Authority (BaFin). RFF IV was organized in collaboration with the Access to Insurance Initiative (A2ii), the Consultative Group to Assist the Poor (CGAP), the International Association of Insurance Supervisors (IAIS), the International Finance Corporation (IFC), the International Labour Office (ILO), the Microinsurance Network, the Ministry of Foreign Affairs of the Netherlands and Munich Re Foundation.