The African Development Bank (AfDB), a multilateral institution that provides loans and grants to governments and private companies in Africa, and Yunus Social Business (YSB) Global Initiatives, a Germany-based company that aims to fight poverty by promoting businesses that solve social problems, recently announced that they have established the Holistic Social Business Movement (HSBM).
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SPECIAL REPORT: Interview with Dirk Reinhard, Vice Chairman of the Munich Re Foundation and Member of the Executive Committee of the Microinsurance Network
Thank you to the Microinsurance Network for permission to reprint its recent interview with Dirk Reinhard, instigator of the International Microinsurance Conferences:
In light of the upcoming 6th International Microinsurance Conference taking place between 9-11 November in Manila, Philippines, Dirk Reinhard, Vice Chairman of the Munich Re Foundation and member of the Executive Committee of the Microinsurance Network, answers a few questions regarding the past, present and future of this pioneering conference.
Microinsurance Network: How did the first International Microinsurance Conference come about in Munich? What were the aims of this conference and who were behind it?
Dirk Reinhard: Munich Re – which founded the Munich Re Foundation in April 2005 – concerns itself with the great challenges facing the world today – population growth, globalisation, diminishing resources, environmental pollution and climate change.
MICROCAPITAL EVENT: MicroInsurance Summit 2010: Evaluating Stategies for Delivery, Partner-Agent Models and Scalability, February 23-25, 2010, Le Meridien Piccadilly, London
Event Name: MicroInsurance Summit 2010: Evaluating Stategies for Delivery, Partner-Agent Models and Scalability
Event Date: February 23-25, 2010
Event Location: Le Meridien Piccadilly, London
Event Website: http://www.hansonwade.com/events/microinsurance-summit-2010/index.shtml
See Our Comprehensive Event Calendar Here:
http://microfinanceassociation.ning.com/events
MICROCAPITAL STORY: Gates Foundation Gives USD 35m to Alliance of 64 Countries to Train Central Bankers, Funds Managed by German Aid Agency GTZ
The global Alliance for Financial Inclusion (AFI), a coalition of developing countries committed to financial inclusion, was launched in Nairobi, Kenya, with a USD 35 million grant from the Bill & Melinda Gates Foundation’s .[2] The AFI is based in Bangkok and managed on behalf of its members by the German government development organization Deutsche Gesellschaft fur Technische Zusammenarbeit (GTZ), the recipient of the Gates grant. [1]
PRESS RELEASE: G20 Releases Communique on Fighting Poverty, Will Establish Financial Inclusion Experts Group to Include CGAP, IFC
Source: G20.org
MICROCAPITAL STORY: Munich Re, Asuransi Wahana Tata (AWT), and GTZ Launch Flood Microinsurance Product in Indonesia
The ‘Alert 1 Manggarai Protection Card’, a microinsurance product which protects against flood, has been jointly launched by Indonesian insurance company Asuransi Wahana Tata (AWT) , German reinsurer Munich Re and the German government’s Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ) GmbH. AWT is Munich Re’s local partner in Indonesia. A feasibility study has been conducted by Munich Re and GTZ and the product will now be available in 23 sub-districts in Jakarta. The product is literally a small card costingUSD 4.70 and guaranteeing a single payment of USD 23.90 . ‘Alert 1′ is the designation given to a flood if water rises to a minimum of 950 cm at Jakarta’ Manggarai Water Gate. The product was principally designed by Munich Re although most of the logistics, including marketing and sales, will be handled by AWT. Munich Re will act as the re-insurer of the product. GTZ conducted a great deal of background research, including household surveys in the 23 sub-districts and focus groups, and conducted a microinsurance awareness campaign consisting of training material and a brochure. The Promotion of Small Financial Institutions program, supported by GTZ in Indonesia, will be responsible for supporting the product in the field. AWT’s President Commissioner, Rudy Wanandi, comments, “With the right partners, a defined product and through our wide network within the region we are able to reach people and explain our innovative solutions. It will raise the insurance awareness of society and bring more economic stability and social security to people who live in exposed regions.” Currently, 3 percent of poor people have access to insurance products in the world’s 100 poorest countries.
PRESS RELEASE: USAID, Standard Chartered Partner on Economic Growth in Africa
Source: USAID.
NEWS WIRE: United Kingdom: Financial Times Reports on Investors Boosting the ‘Missing Middle’
Source: Financial Times.
PRESS RELEASE: Citi Commits $1.5m to Indian School of Business to Promote Financial Inclusion for Small Investors and Enterprises
Source: Indian School of Business.