The Microinsurance Network (MiN), a non-profit association, has announced the appointment of Matthew Genazzini as its new executive director, effective 1 October 2024.
Genazzini, a 15-year veteran in inclusive finance, brings extensive experience and a strong commitment to promoting financial resilience among vulnerable communities.
His tenure on the MiN Board of Directors since 2019 further solidifies his qualifications for this role.
Based in Luxembourg, the MiN is renowned for its commitment to and expertise in inclusive insurance.
The network boasts a diverse, global multi-stakeholder community of over 500 experts and practitioners from more than 70 countries.
The MiN is dedicated to creating a world where individuals of all income levels are more resilient and less vulnerable to daily and catastrophic risks through effective risk management tools.
Genazzini’s work spans financial institutions in Africa, Southeast Asia, and Latin America.
His current employer, Appui au développement autonome (ADA), is a Luxembourg-based non-governmental organisation in the inclusive finance sector, aligning with the Government of Luxembourg’s supportive ecosystem. He currently leads ADA’s Smallholder Safety Net Upscaling Programme (SSNUP), a public-private partnership aimed at strengthening agricultural value chains with impact investors.
In addition to his extensive experience, Genazzini has been involved with the MiN since 2009, initially as the communication and working group officer when the network was part of ADA.
As the MiN became an independent entity, he continued with ADA, working on various projects for underserved populations, including migrants, cooperatives, and agricultural producers. His continued involvement with the MiN includes roles such as co-facilitator of the Performance Measurement Working Group and a board member since 2019.
Lorenzo Chan, President and CEO of Pioneer Inc. and Chair of the Microinsurance Network Board, said, “In taking on the role of Executive Director, Matt’s involvement with the MiN comes full circle. In 2009, he was the communication and working group officer for the Network when it was still an initiative housed within ADA. When the MiN became an independent entity, he remained with ADA to focus on numerous projects developing solutions for underserved segments of the population, which include working with migrants, cooperatives and agricultural producers. He likewise continued his involvement with the MiN as co-facilitator of the Performance Measurement Working Group, then becoming a member of its Board in 2019.
“We are confident his keen understanding of inclusive finance, valuable experience on the ground and familiarity with managing donor and funding relationships will serve the MiN well in these evolving times as it carries on its mission to close the protection gap by contributing to financial resilience, especially against climate risks and threats to lives, health, livelihoods, and properties,” continued Chan.
Matthew Genazzini, the new Executive Director, expressed his vision for MiN’s strategic priorities, “The Microinsurance Network has and will continue to have a defining role in realising the full potential of microinsurance. I believe in a holistic approach to risk management and while insurance is but one of the many tools that can be used when coping with risk, it is an essential part of the toolbox. And in order to ensure insurance plays its part, we must continue addressing the challenges faced by our members, which include questions around accessibility, affordability, suitability, ensuring value, ease of comprehension, and simplicity of claim processing. The mandate of the MiN goes beyond just expanding coverage; it’s about contributing to the development of insurance markets, sharing knowledge and best practices, encouraging innovation and partnerships, and finally building resilience.”
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