1. Introduction

Clyde & Co has collaborated with the Insurance Development Forum (IDF) to produce a White Paper exploring how technology can be used to deliver insurance solutions, particularly in developing countries.

The report, Technology and Innovation: Tools to help close the Protection Gap in Microinsurance Markets, calls on the insurance sector and its stakeholders to harness the latest technological advances in data processing, analytics and artificial intelligence to help close the protection gap in connection with microinsurance markets, and address the risks accelerated by climate change.

The paper considers technology, including satellite data for parametric insurance models in agriculture, disaster warning communications, and mobile platforms to connect with unbanked consumers. In light of these technological developments, the report also includes a review of current laws and regulations, and how these could be adapted to ensure they are fit for purpose.

The paper draws from the insights of a cross-disciplinary and global team of contributors, including leading lawyers and academics on insurance law and smart contracts, senior members of the insurance industry, senior personnel at multilateral development banks, development practitioners and policymakers, alongside leading thinkers and practitioners in artificial intelligence and satellite technology applications.

This is the second in-depth exploration on how technology can be leveraged to improve resilience. It follows on from the IDF paper How Technology Can Help Bridge the Protection Gap, published in 2019, which focused solely on the use of technology in connection with sovereign and sub-sovereign risks. The paper can be found here.

Access the full report here


The Insurance Development Forum (IDF) is a public/private partnership led by the insurance industry and supported by international organisations.

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