by invitation only
While insurance is critical financial tool to help (M)SMEs reduce their risk, it is also a financial instrument to help strengthen small business to get through tough times. This session will cover the role insurance can play in supporting the growth and resilience of (M)SMEs. One of the authors will present key findings from the 2020 Cenfri research paper on MSME insurance and we will hear from the world’s largest reinsurer and the co-founder of a broker about how new technologies are bringing insurance solutions to the SMEs.
What you will learn
Why insurance is important for (M)SMEs.
The opportunities and challenges are for the insurance industry in serving SMEs.
How new technologies are impacting SME insurance.
How reinsurers can support SME insurance.
Lessons learned from a variety of countries.
Matthew Gamser, CEO, SME Finance Forum
About the Moderator
is a Senior advisor at IFC. Susan is part of the financial institutions group at IFC. She acts as an expert on investments and advisory work in insurance, both mature companies, and insurtech, in developing countries. She has over 30 years’ experience in insurance in a variety of different roles, as a board member and an advisor to Eos Venture Fund and several start-ups. Prior to joining IFC, Susan worked at Swiss Re, where she was a Managing Director and Head of Strategy for the reinsurance business worldwide and a member of the executive team. In this capacity she worked on all aspects of life and health and property-casualty re/insurance; headed a global team; and led the strategy work for emerging markets and for Fintech. Susan also held the positions of CFO of Reinsurance Client Markets and Head of Investor Relations at Swiss Re. Before Swiss Re, Susan worked in equity research and equity sales covering the insurance industry at UBS, JP Morgan, and Paribas. Susan is a UK Chartered Accountant, a member of the Chartered Institute of Securities and Investments and Liveryman of the Worshipful Company of Insurers.
About the Speakers
leads the resilience team at Cenfri. Jeremy’s focus is on better understanding how to improve the resilience of both individuals and enterprises across the developing world and on working with both the public and private sector to achieve this. Jeremy has a particular interest in the role of regulators and FSPs to improve the role of the financial sector to meet individual’s and enterprise’s resilience through innovation. He has conducted and managed research across a range of content areas throughout the developing world, including market diagnostics (financial inclusion and insurance) and discrete project work in the areas of insurance, retail payments, the measurement of financial inclusion and regulating for innovation.
is the Global Head P&C Solutions for Swiss Re Group. From 2014 to July 2020 Pranav was the CEO of Intellect SEEC, an Insurance Technology company serving data, machine learning and cloud-based solutions to Commercial P&C and Life Insurance clients globally. Prior to that Pranav was responsible for strategy, technology and operations for QBE Insurance across Australia Asia Pacific. Earlier on he worked in strategy and operations consulting with Booz Allen and A.T. Kearney across high tech, financial services and telecoms. Pranav grew up in India, is no stranger to travelling and has lived in six countries to date. He speaks three languages and is a dual citizen of Australia and New Zealand. For the last seven years, Pranav has been living in NJ, USA. He is married to Tulika, with 2 boys – Shrey 20 and Ayush 16. His interests include photography, golf and cooking.
is the Co-Founder of SecureNow Insurance Broker Pvt Ltd. Kapil is the co-founder of SecureNow, an award-winning insurance broking firm that uses technology-based distribution to sell commercial insurances to MSMEs in India. Kapil writes regularly in the media, specifically on matters that impact policyholders. He is a director of the Insurance Broking Association of India, a policyholder representative on the Policyholder Protection Board Subcommittee of a life insurer and on the SME advisory board of a leading general insurer. He is also active in several industry associations. Kapil was formerly the managing director of Prudential Financial’s life insurance company in India. Still earlier, he has worked with Max New York Life, McKinsey & Company and Unilever. Kapil has studied at IIM Ahmedabad and IIT Delhi. His wife is an eye surgeon, elder daughter is studying law and younger son wants to be a doctor.
See other recent resources on the topic, below: