Speech by Philippe Guichandut at the conference “Insurance as a value creator for MFIs” at EMW 2023

Philippe Guichandut, Secretary General of the Foundation spoke at the European Microfinance Week 2023 (EMW 2023).

On November 17, this session highlighted the success factors and challenges of the inclusion of agricultural insurance by MFIs supported by the Grameen Crédit Agricole Foundation. Examples from Cambodia and other countries highlighted the need to build the capacity of not only MFIs, but also insurers.

Natural disasters induced by climate change and weather hazards disrupt the income-generating activities of MFIs and their clients and disproportionately affect women. Not only do they have more difficulty repaying their loans, but they are also more vulnerable after a disaster. Given the impact of natural disasters, insurance is gradually being adopted as a tool not only to protect their members, but also MFIs against poor repayments caused by loss of production or assets. The session will highlight the success factors and challenges of the inclusion of agricultural insurance by MFIs supported by the Grameen Crédit Agricole Foundation. Examples from Cambodia and other countries will emphasize the need to build the capacity of not only the MFI, but also insurers, including the flow of insurance information and education systems, to create value for both the supply side and the insurer, as well as for the demand side. Participants and beneficiaries responsibly.