Georgia State to Partner with Munich Re

The Center for the Economic Analysis of Risk (CEAR) at Georgia State University’s  J. Mack Robinson College of Business will collaborate with the Munich Re Foundation on research about microinsurance, also known as insurance for the poor.

Georgia State says the topic is of keen interest to both institutions, and CEAR is leading an international research effort to accelerate the formation of a mature and sustainable insurance market for the poor. The Munich Re Foundation, along with the Microinsurance Network, created the International Microinsurance Conference, which was first held in 2005, and is hosted each year by a different developing nation, according to Georgia State.

The university says the agreement formalizes a relationship between the Munich Re Foundation and the Robinson College dating back to 2009, when Richard Phillips, chair of Robinson’s Department of Risk Management and Insurance, organized the first academic track of programming for the International Microinsurance Conference in Dakar, Senegal.

Georgia State says that when CEAR opened in 2010, Inaugural Director Glenn Harrison convened a workshop on the subject in Atlanta, uniting microinsurance experts from the foundation, Oxford, the World Bank, and the International Labour Organization, among others, to establish an agenda for future research needs.

Many attendees reunited at the 2010 International Microinsurance Conference in Manila, Philippines, where they participated in an expanded track of academic programming organized by the center, the university adds.