The AMA Innovation Lab has just joined the Microinsurance Network, a worldwide leader in bringing together microinsurance experts to promote effective risk management tools to meet global development objectives.

“Joining the Microinsurance Network is a logical next step in our efforts to connect with the broadest possible set of stakeholders,” said AMA Innovation Lab director Michael Carter, a professor of agricultural and resource economics at UC Davis.

The AMA Innovation Lab will join the Micronisurance Network’s more than 70 institutional members. Many have been partners on AMA Innovation Lab studies and initiatives, including The World Bank Group, the World Food Programme (WFP), Oromia Insurance Company, Mercy Corps, the ILO’s Impact Insurance Facility and others.

Carter and the AMA Innovation Lab have worked extensively to promote evidence-based research and responsible scaling innovations of agricultural insurance to the broader insurance community. The Lab leads the Index Insurance Innovation Initiative (I4), and partnered with the Impact Insurance Facility to establish the Global Action Network (GAN). Both initiatives have built and shared knowledge on responsible and reliable index insurance solutions.  

Last fall, AMA Innovation Lab assistant director Tara Chiu joined a Microinsurance Network panel of experts at the 13th International Microinsurance Conference held in Lima, Peru. The event was co-hosted by the Munich Re Foundation. This community of experts will be meeting again soon for the 14th International Microinsurance Conference next month in Zambia.

“It was a unique opportunity to meet so many people and share how we all work to make microinsurance accessible, sustainable and high-value to people around the world who need it most,” said Chiu.