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
