21 Jun 2022
The 55th Midi de la microfinance et de l'inclusion financière brings together three e-MFP members ADA, InFiNe.lu and Microinsurance Network
Wednesday, 6 July 2022 from 12.00 to 13.00 (CET)
at the auditorium of Banque de Luxembourg (Blvd Royal 14, Luxembourg)
Please note that this is an in-person event, it will not be streamed online.
With its Sustainable Finance Disclosure Regulation (SFDR) and the new taxonomy, the European Union is certainly accelerating the process by which financial players integrate sustainability and the ESG (Environmental, Social, and Governance) criteria into their business models. The aim of this new regulation is to encourage investments towards sustainable activities, as a key element towards making Europe climate-neutral by 2050. Inevitably, this is having a direct effect on the insurance industry and particularly on how they invest their financial assets.
In addition, traditional global insurers, who are also serving emerging markets, together with innovative, pioneering players in the space, find themselves responding to the specific needs of people with very limited means and an increasing interest in products that can be crucial to strengthening their resilience. This trend is shown by the significant growth of health microinsurance, which after the Covid pandemic became the largest product line in Africa and Asia, reaching 104 million people in the 30 countries covered by the Study in 2021.
This commitment from insurance companies, and their growing attention to the environment and good governance, is a path to embrace the ESG criteria that more than ever, are at the heart of the political agenda and financial institutions' strategy, in Europe and beyond. Moreover, the ability of the insurance industry to be increasingly inclusive for millions represents an opportunity for them to reach potential huge new markets, while granting customers access to an extremely valuable tool to protect themselves against the risks of extraordinary events.
Designed to bring stakeholders from two worlds together – Luxembourg's insurance and financial professionals alongside the Grand Duchy's robust financial inclusion ecosystem – this special lunchtime seminar will offer insights from AXA Emerging Customers, AM Best, a credit rating agency specialising in the insurance industry, and the Microinsurance Network.
For more information and to register click here