Institute of Microfinance (InM), Bangladesh and Micro Insurance Academy (MIA), India signed a Memorandum of Understanding (MoU) on mutual collaboration in developing an “InM-MIA Programme for Insurance (IMPI)” on 12 February 2013 at the Lalmatia office of InM, Dhaka.
Professor M. A. Baqui Khalily, Executive Director, InM, signed the MoU on behalf of InM, and Dr. David M. Dror, Chairman and Managing Director, MIA, signed it on behalf of MIA.
Ms. Mandeep Maini, Consultant, MIA, and Professor Syed M. Ahsan, Team Leader of Microinsurance Programme, InM, witnessed it on behalf of MIA and InM respectively.
Under this MoU, the joint programme will focus on providing insurance domain knowledge to academia, policymakers, NGOs, insurers, service providers, re-insurers, and others, and implementing sustainable insurance models for all relevant risks (health, agriculture, livestock, climate change, natural catastrophes) or composites thereof that are suitable for the local environment.
Professor Khalily expressed that the MoU between the two leading think tanks in the region would provide unique opportunities for future development of the microinsurance sector. He thanked Professor Dror for MIA’s commitment to this noble endeavour and promised full cooperation of InM toward making the initiative a complete success.
Professor Dror also envisaged that this collaboration would open up immense potential for the people of Bangladesh as well as would transcend beyond the border.
