Insurance is a tool used by individuals and companies as a part of their plan to manage risk. Whether the risk management plan is comprehensive or haphazard, insurance plays its part. Insurance is used to transfer the risk of loss from one entity to another by way of the insurance contract. In many parts of the world, insurance is sparsely used. It isn't viewed as a risk management tool, but an expense that could be done away with. In this session, we deal with how insurance can become more of a business partner to people and businesses around the world.

Following this session, participants will be able to:

• Understand the global opportunity for insurance regarding penetration rates and currently uninsured and underinsured risks.
• Discuss the tools that are available to help improve insurance uptake rates.
• Describe a business model that will help make that a profitable shift.