Our Mission and Guiding Principles Privileged and Confidential Privileged and Confidential
M ISSION & GROUP STRUCTURE To ensure that every individual and every enterprise has complete access to financial services N EW N EW I NITIATIVES I NVESTMENTS IFMR Holdings Capital Markets Platform Financial Technology Rural Retail Platform Platform IFMR Capital IFMR Rural IFMR Rural Finance Channels IFMR Investments A S TRUCTURE T HAT M AXIMISES S OCIAL I MPACT AND F INANCIAL I NCLUSION Privileged and Confidential Privileged and Confidential 2
Sucharita Mukherjee (CEO, IFMR Holdings) speaks on Nat. Cat risk protection Privileged and Confidential Privileged and Confidential 3
N ATURAL C ATASTROPHE & I NDIA Economic Loss Top 3 Poor affected out of floods Disaster hit in 3 billion in 2015 disproportion 60% of affected globally Natural Catastrophe Risk Protection therefore was critical to IFMR’s mission Privileged and Confidential Privileged and Confidential
IFMR’s Role "Sustainably extending the financial system to low income household is development. They deserve access to financial infrastructure just as they deserve access to clean water, sanitation, and electricity." • Customer insights & risk analytics • Aggregating distributors • Building a technology enabled platform for all stakeholders to come together Privileged and Confidential Privileged and Confidential
Exposure Map: Analysis of a Financial Institution: Entity A 1. EQ 2. Flood Privileged and Confidential Privileged and Confidential
Expected loss: Entity A Entity A ► Originator’s cat exposure 600% against Networth for High & 500% Medium Risk Districts (Fig 1) 400% ► Risk Score of the Originator 300% (Internally developed) 200% 100% 0% EQ Flood Cyclone Figure: 1 Total Exposure at Loss at 95% Loss at 99% Loss at 95% (99%) Risk Score High and Confidence Confidence Confidence (0 to 10) Moderate Risk (as % of AUM) (as % of AUM) (as % of Networth) (as a % of NW) 9 (High Risk 558% 1.9% 3.8% 15.8% (31.7%) Prone) Privileged and Confidential
Risk Analytics (learnings) 55% of Financial institution that IFMR serves have more than 40% of their customers Living in High to moderate Natural Catastrophe risk zones Privileged and Confidential
Common platform for multiple stakeholders Distributor Data Experts & Technology Insurer-Reinsurer Climatologist Experts (eg. MFI) IFMR Holdings Aggregation, Risk Transfer Customers Individuals & Enterprises Privileged and Confidential Privileged and Confidential
Challenges ► Multi-peril underwriting capacity ► Index design for multi perils ► Cost of insurance premium ► Economics for distributor ► Technology for micro-insurance underwriting (insurer) Privileged and Confidential Privileged and Confidential
T HANK Y OU Privileged and Confidential
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