 Ladies and gentlemen, COVID-19 has exposed the devastating impact of uninsured risk on current and future generations. The World Bank estimates that more than 100 million people will be pushed into extreme poverty because of the pandemic. The vulnerable and uninsured are disproportionately affected. Without access to insurance, low-income people have to unfortunately resort to coping mechanisms such as putting children to work, eating less food and selling productive acids. Drawing from savings reserves is also one of the main corporate mechanisms to manage shocks. Recent data from Gallup reveals that 51% of Chileans, 47% of Kenyans and 61% of adults in Vietnam say their resources would last less than one month. So resilience everywhere is really limited. Financial inclusion and access to insurance have a pivotal role to play in helping people cope with the impact of the pandemic. Many governments have responded to COVID-19 by giving money directly to citizens through digital channels. This has created momentum to accelerate financial inclusion. This, however, is a short-term relief measure. To achieve lasting positive outcomes in the lives of the vulnerable, it is important that we focus on solutions promoting long-term resilience, namely savings and insurance. Insurance helps society to deal with severe shocks, whether these are health-related or due to natural catastrophes. For example, insurance played a critical role in managing the devastation from Tiefen Haiyan which struck the Philippines in 2013 and claimed more than 7,000 lives. A 2019 study found that those with access to financial services, including micro-insurance, were able to more easily repair damaged homes and restart their lives. Those without insurance payouts resorted to savings, sold assets or sought help from family and friends. By increasing resilience, insurance contributes to achieving the sustainable development goals. Insurance usage facilitates risk management and productive investment. It helps small-holder farmers and micro-entrepreneurs invest more in their businesses and take on more risk once protected. These outcomes contribute to many as 17 SDGs, such as inclusive growth, food security, climate action and health. More can be done to accelerate insurance solutions for the world's poor to support both COVID-19 response and long-term resilience. Governments and regulators could swiftly pass enabling laws and regulations to facilitate more widespread insurance solutions. In recent studies, market actors have underscored the importance of clear insurance regulations that is proportional with the risks and nature of activities involved. They have also emphasized the benefits of integrating regulatory technology solutions into oversight approaches. Technology can allow regulators to make more timely decisions and supports transparency. Regulation must be complemented with the appropriate payment and settlement infrastructure, including interoperability between provider types. This helps vulnerable segments access insurance products more easily, access insurance products more easily, with fewer transaction costs, and make small-ticket insurance products possible. As tech-driven solutions become more common, ensuring that people have a minimal level of digital literacy is really important. There's also a need for policy makers to raise awareness and build the capacity to successfully use insurance products as well as create consumer protection mechanism to ensure effective recourse. The pandemic has further highlighted the limits of the old-fashioned insurance products, requiring new tech-driven solutions and innovative partnerships to address gaps. For example, Pula, a Kenyan agritech, has served 3.5 million African farmers by bundling insurance into agriculture inputs like fertilizers and seeds. Climate events result in farmers receiving a voucher for replacement seeds, a straightforward product that has killed very quickly. In Indonesia, Axis and Dana, a mobile wallet company, launched an insurance product in 2018 with premium of less than US$2 for life and health coverages. These examples, which are designed with the needs and behaviors of low-income customers in mind and use digital payment technology, offer strong promise to reduce insurance protection gaps in emerging markets. Before I conclude, I leave you with a challenge. To achieve the SDGs by 2030, it is critical to accelerate insurance as a risk protection mechanism. Empirica Research strongly shows the benefit of insurance to promote resilience against shocks in the lives of the underserved. COVID-19 has reinforced the need of these tools. However, to date, much of the financial inclusion community has focus of payments and credit-related interventions. It is therefore imperative to scale proven inclusive insurance initiatives and develop models that can be replicated across the world. The A2I public dialogue provides a crucial platform to facilitate these advancements. Finally, I wish you fruitful dialogue today and encourage a singular focus on impact and action. I look forward to supporting you on next steps. Thank you.