This paper outlines the current context and challenges in providing qualified actuarial resources in microinsurance markets and proposes a number of suggestions intended to address these challenges. The paper also explores avenues for further development and collaboration between the IAA and IAIS in this area. The paper identifies a number of key issues in inclusive insurance markets, such as:
- A need for suitably qualified or experienced professionals;
- Limited supply of actuarial capacity in microinsurance markets;
- A lack of understanding of the contribution that actuaries can make to microinsurance programs; and
- The importance of balancing supply and demand for actuarial services.
