Emerging Insight: The best of 2020

In 2020, the Impact Insurance Facility continued to draw insights from pioneering companies that are contributing to the development agenda. Our Emerging Insights of 2020 covered a variety of topics, including risk management solutions for micro and small enterprises, developing a local insurance culture, pioneering women as advocates for insurance in local communities and providing access to financial services during the COVID-19 pandemic. Below are the four most popular Emerging Insights from 2020.

1. Creating a socially responsible insurance culture in Colombia. The Federation of Colombian Insurers (Fasecolda) is the trade association of the Colombian insurance sector. Since its inception, it has aimed to create an efficient, sustainable and socially responsible insurance culture in Colombia. This Emerging Insight explains how Fasecolda has been tackling both supply and demand challenges.
2. Postal networks are facilitating doorstep banking during COVID-19. The lockdown situation has been challenging for all, and access to financial services is becoming even more difficult. Post offices have an important role to play for financial services delivery, especially for those living in remote areas and with poor access to financial services. Read the case of doorstep banking in India in this Emerging Insight.
3. Rethinking insurance for enterprises. A new paper by the Microinsurance Network presents key insights on how to provide better risk management solutions for micro, small and medium enterprises. We share some key takeaways from this paper in this Emerging Insight.
4. Women can become powerful advocates for insurance within local communities. Insurance outreach to vulnerable and excluded farmers requires a carefully thought-out approach. In India, the People’s Education and Development Organization has cultivated local women to become influential advocates for insurance within their communities.