Social Finance explores the evolving microinsurance industry with the potential to reach 3 billion people
May 24, 2011
J.P. Morgan’s Social Finance team hosted a recent Voices of Progress speaker series event in New York. Panelists explored how the evolving microinsurance industry holds the potential to reach three billion people and develop long-term sustainability.
More than one billion persons, mostly in the developing world, are willing to pay for life and health insurance, but are unable to do so because they cannot afford traditional insurance products. Microinsurance, a relatively new product, offers new opportunities to satisfy this unmet demand by providing the working poor of the developing world access to affordable insurance.
Moderated by Christina Leijonhufvud, Head of J.P. Morgan Social Finance, the panelists focused on the opportunities and challenges of providing insurance and support to the world’s poor and vulnerable. John Buley, a managing director in J.P. Morgan’s Social Finance group, Hallie Harenski, vice president at Zurich Financial Services and Dr. Andrew Kuper, president and founder of Leapfrog Investments joined Christina as the three panelists for the event.
This Voices of Progress event brought further awareness to the evolving microinsurance industry, and the potential impact it could have upon the currently untapped market.