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The Actuary The magazine of the Institute & Faculty of Actuaries
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Staple Inn forum focuses on micro-insurance

Micro-insurance for people living in poverty in Indian slums was the topic at a recent forum at Staple Inn. The forum aimed to generate interest among actuaries about working in the field and to promote an understanding of the nature of micro-insurance.

Uplift Health Mutual Fund (HMF) programme manager Eamon Kelly led the forum and delivered a presentation on his work in Pune, India. HMF is a member-owned health micro-insurance programme that operates in poverty-stricken areas of Pune to provide health services and insurance cover for more than 40 000 members.

Mr Kelly, an associate actuary of the Institute of Actuaries of Australia, discussed the challenges of delivering services to people living in poverty, micro-insurance in India, and the role for actuaries and actuarial challenges in this area.