Dear Summit Guests, Participants, Speakers, Facilitators and all Stakeholders,
The Summit hosts, Organisation of Eastern and Southern Africa Insurers (OESAI) and Insurance Information Bureau (IIB) , welcome you all to Africa Insurance Summit 2018! We are delighted to have brought the movers and shakers of African and global insurers and complimentary financial organizations to this exciting 2-day-networking, learning, exploration and entertainment.
The 2018 Summit will provide all in attendance something that differs from the norm – Digital Disruption in Insurance – Unlocking the Vast African Potential in the Insurance Market. It will also provide a platform for genuine and candid debates; interesting, informative as well as exciting fora. For instance, the CEOs pre-Summit on Sunday evening session would be one of a kind – offering the CEOs’ opportunity to align the expected Summit outcomes with respective companies’ annual business plans.
This Summit will challenge industry leaders and implementers to explore and discover productive disruptions to the status quo, and will spur the highest expansion of the life insurance business ever experienced in Africa, the continent of untapped opportunities.
This summit shall initially form the 5-year strategic plan underpinning the six listed thematic areas that shall drive the insurance penetration in Africa. During the next Africa Insurance Summit in 2019 to be hosted in Accra, Ghana, IIB shall include a review of the 1st - year short-term to mid-term outcomes against this Summit’s 5-year strategic plan.
We really value your time and have, therefore, planned our affairs in such a way that the Summit will produce value-for-money and optimum use of your time. Before you depart at the end of the 2-day session, please fill in an evaluation form, since your feedback will be invaluable and help us plan better events in the future.
Thank you once again for participating and we hope that you will enjoy yourselves.
All the best,
According excerpts from Kenyan Insurance Industry Strategy Report prepared by Transector International, September 2017, Kenyan mobile penetration is at 88%; Internet penetration is at 90%; there is high engagement on social media (6 million Facebook accounts; 2 million active users on twitter; 10 million WhatsUp active users; 3 million Instagram and 1.5 million on LinkedIn); there are over 32 million mobile money subscribers; and a daily ever increasing technology adoption. Comparatively, according to Association of Kenya Insurers (AKI) 2016 Insurance Industry Annual Report, insurance penetration in Kenya (for instance, there are less than 1 million life assurance policyholders, and a life insurance GDP penetration ratio of 1.03%) is a pittance, although showing some growth.
According to Swiss Re Global Insurance Review 2016 and Outlook in 2017/18, the Sub Saharan Africa (SSA) reflects the same pattern as in Kenya. The Life insurance penetration is estimated to have slowed down to 1.1% in 2016, South Africa accounting for 90% of the SSA life premiums (South Africa penetration is at 14%). Viewed positively, this performance is an indication of vast insurance market opportunities that should be unlocked.
Being the 2018 Africa Insurance Summit host, it is Insurance Information Bureau’s view that Digital disruption, alongside complementary innovation in product development, customer centricity and alternative distribution channels, will unlock this vast insurance market. Consequently, the summit will delve into the following two emergent million-dollar questions:
With the overall Theme, “Digital Disruption - Unlocking the vast African Insurance Market for growth and transformation”, the Africa Insurance Summit 2018 will focus on progressing insurance penetration through identifying the disruptive forces shaping the future of the industry and delve into the emerging growth opportunities.
The key focus areas will include:
Join insurance leaders across the Sub-Saharan Africa and indeed the whole African continent in laying the strategy for progressing insurance penetration to double-digit figure in the next 5 years: 2018-2023. Attendees shall include:
IIB Members -Corporate and Individual
10% discount per category as per the membership benefits
OESAI Members - Corporate and Individual
10% discount per category as per the membership benefits
Magdalena has over 15 years’ experience in R&D and international consulting. She holds a PhD in Quantitative Economics and Finance and was the firm’s Head of Research and Analytical Services. She currently focuses on strategic consulting for the Insurance Industry, especially around emerging markets, insurtech and blockchain.
Her main areas of expertise include internationalization processes, technology and innovation, emerging markets, global governance, macroeconomic and sociopolitical risks. She executed many research projects for multilateral organizations on micro insurance, financial inclusion and innovation.
Jeremy is recognised as a global expert in microinsurance and digital insurance and has been involved in advising, researching and implementing many initiatives across the world. He has been a Director at BFA, a consultancy focused on innovation in responsible financial services, advising and supporting a number of global insurers and mobile operators. Previously he was Divisional Director and Head of Microinsurance at the Hollard Insurance Group driving a number of their low income insurance innovations internationally from product development to distribution to consumer engagement.
He led Hollard’s work on m-insurance including establishing a partnership and pilot with MTN and advised the group on initiatives in Pakistan, China and other countries. Prior to Hollard, Jeremy was Executive Director at FinMark Trust where he was responsible for insurance and mobile money, both of which have had global impact. Jeremy is a Chartered Certified Accountant (UK) and holds an MSc in International Development (Bath, UK). He is a founding member and adviser to Cenfri, and a member of the IAIS-Micro Insurance Network Joint Working Group on Micro-insurance. He also chaired the SA Insurance Association committee on financial education and has served on the South African Short Term Insurance Advisory Committee at the behest of the Minister of Finance, as well as sat on the board of MicroEnsure, a specialist microinsurance intermediary that focuses on mobile insurance.
He speaks regularly at international conferences on microinsurance, m-insurance, mobile money and innovation in financial services.
Graduated in Financial Econometrics (the intersection of mathematics, statistics and economics) and Business Administration from Erasmus University Rotterdam, one of Europe´s top schools in Economics. I also hold an MBA from INSEAD, one of the world´s top business school.
Formerly CEO and founder of EscolherSeguro, Brazil's premier online insurance brokerage/financial services portal backed by one of the leading Brazilian VCs. Exited through a trade sale to Banco Brasil Plural/Geração Futuro, a leading financial holding in Brazil.
Currently helping clients in the insurance industry in Latin America to improve business results by leveraging IBM's capabilities in Consulting, Technology and Outsourcing.
His Focus areas and milestones as a CEO include:
John is a consultant with 20 years of work experience in private sector development consulting, spanning over 15 countries in Africa as well as in the USA. He holds a Bachelor of Science (BSc) Degree in Engineering from the University of Michigan School of Engineering and a Master of Public Affairs (MPA), Economics and Public Policy from Princeton University.
John has strong skills in project design, monitoring and evaluation, as well extensive market research/business planning experience for projects in East Africa. He possesses strong experience in agriculture and SME access to finance issues as well as SME advisory support. Further, he has strong experience advising governments in Africa on policies and programmes to enhance access.
Henry provides oversight in research and development. He is an Economist and expert in inclusive finance and small enterprise development of more than 24 years’ of work and regional consulting experience in the field in Africa; His notable achievements include assignments in strategy development, business development, project management, policy analysis, R & D. He has worked for Maarifa Consultants Ltd, an advisory services company in research and training to financial institutions targeting low-income households and small enterprises. He also previously worked for the United Nations Capital Development Fund (UNCDF) as Chief Technical Adviser in Malawi, providing technical support to the Government of Malawi on national financial inclusion strategy, building capacity for inclusive finance, improving coordination for financial sector deepening, and managing the multi-donor funded Financial Inclusion in Malawi (FIMA) Project on a day-to-day basis. He formerly worked for the Kenya Rural Enterprise Programme (K-REP) for 12 years. Was part of the team that built the NGO into the first fully-fledged microfinance bank in Africa.
Philip has worked in life insurance for 38 years. He has spent over 15 years in sales, marketing and customer service roles with UK life insurers, including 3 years as Director of Customer Service and 3 years as Director, Sales Operations, both for a tied agency company. Subsequently he has spent over 20 years as a marketing and distribution consultant with LIMRA EMEA working with life insurance companies in the UK, all parts of continental Europe, Africa and Asia. His distribution consulting in the UK has been with major UK including Prudential, Marks and Spencer Financial Services, and Swiss Re, and he has also led or worked on distribution projects in a wide range of markets including Greece, Hungary, Ireland, Kenya, the Netherlands Poland, Russia, Spain, and Zimbabwe.
He advises companies on improving the effectiveness of their sales, marketing and customer service strategies and processes, and on sales force remuneration. Philip is frequently invited to address industry meetings on the future of distribution, and has been a guest speaker at industry conferences in the UK, Greece, Kenya, Poland, and South Africa. Philip studied at the University of Leicester and Oxford University, has an MBA from Cranfield University, and is a member of the Institute of Consulting.
Tom Joseph provides oversight in consultancy and corporate strategy. He has over 16 years rich work experience with track of achievements in manufacturing and service sector. Currently working as Head of OPI/COYA at The Kenya Institute of Management (KIM), he has helped organizations conduct diagnostic evaluation of their systems/ processes to become globally competitive thus moving from good to great culminating into the annual recognition during the prestigious Company of the Year Awards (COYA).
He is a highly-focused-motivated business leader and consultant with exceptional leadership and communication skills, punctuated with passion for perfecting world class organizational excellence in companies desiring to be globally competitive. As a team player/leader, he comfortably handles unfamiliar problems and easily adapts to changing environments while enthusing positively those whom he interacts with. Tom is an excellent public speaker emceeing and moderating high profile corporate events. He has prominently featured in local and international conferences as he shares his passion for business excellence and visionary leadership.