Pamplona. November 12th, 2012.

Dermot Grenham (Graduate from LSE) is chief actuary for the social security, demography and overseas pensions team of the Government’s Actuary Department in the UK. During his visit to the NCID, he analyzed the impact of micro-insurances by assessing if this practice can really help reduce the vulnerability of low-income groups falling into poverty.  By providing examples about the current situation in Pakistan, he explained how micro-insurances could play a useful role to mitigate the effects of natural disasters. Impoverished communities from developing countries could use micro-insurances as part of their risk management strategies.

Dermot Grenham is Chief Actuary for the Social security, demography and overseas pensions team. Prior to joining GAD, Dermot held various financial reporting roles in the private sector. Dermot also teaches demography and development studies at the London School of Economics. He has previously been a member of the Council of the UK Actuarial Profession and is currently a member of the UK Actuarial Profession’s Micro-insurance Working Group.