Commonwealth Insurance Forum Special Episode 1: Insuring high-growth emerging markets with Inga Beale and Lesley Ndlovu

We all know about the protection gap and financial sustainability
and resilience goals for the developing world set by global
bodies such as the World Bank and the United Nations.


We also know about the massive growth potential of many emerging
economies and the role the insurance industry can play in
enabling and accelerating its development.


This episode goes into the detail of how to approach this major
opportunity and answers some common questions and upends many
common misconceptions.


How much is insurance understood in developing nations? Is it
seen simply as aid? Also how well are its strengths understood by
donor nations? Should this kind of insurance be aiming for profit
from day one, or should it be more patient?


How do we overcome modelling gaps and potentially crippling
distribution costs in some of these nations?


Will the realities of harder international markets and Covid 19
put development goals on the back burner?


To answer these questions it was a great privilege to be joined
by Dame Inga Beale and Lesley NdLovu of the African Risk Capacity
Group (ARC).


Both have pioneered work in this field and give a strong and
practical flavour to this podcast. I highly recommend a listen.


It might convince you that far from being just corporate social
responsibility and the right thing to do, this is actually one of
the brightest long-term opportunities in the global insurance
market.


Today’s special episode has been organised by the Commonwealth
Insurance Forum – the CIF and kindly sponsored by the ARC.


Set up in September 2019 the Forum was co-founded and is chaired
by London market veteran Francis de Zulueta of Alpine Risk


Alpine Risk currently manages the CIF.


Co founded with Robert Lyle, co-founder of specialist London
broker BPL, this not-for-profit organisation is seeking to ignite
and accelerate insurance collaboration at all levels between the
members of the 54-nation Commonwealth with the added support of
the Commonwealth Enterprise and Investment Council.


The Commonwealth Insurance Forum has been formed as the UK is
deepening and rapidly accelerating global trade links within the
Commonwealth after leaving the European Union and will seek to
build insurance co-operation, education and networking based on
the common legal and cultural ties that bind the global
Commonwealth of Nations together for the mutual benefit of all
members.


LINKS


African Risk Capacity:


https://www.africanriskcapacity.org


The Forum can be contacted on Cif@alpineriskservices.com  or
directly via Francis de Zulueta on LinkedIn:


https://www.linkedin.com/in/alpine1/