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Microinsurance and AIC Haiti's post-disaster activities

Olivier Barrau from AIC Haiti and Marc Nabeth from CGSI Consulting, both members of the Microinsurance Network, made available a detailed presentation and many videos illustrating the post-disaster activities of AIC.

More information in a special Challenges and Topics

GRET seeks a microinsurance project manager

With the objectives of developing the microinsurance programme and consolidating its head office team, GRET is looking for a project manager, specialised in microinsurance.

Under the supervision of the microinsurance programme manager, the project manager will be in charge of the follow-up of existing micro health insurance projects (Cambodia and Laos): strategic orientation, action planning and follow up, field team management, relationships with partners and donors, financial planning and follow-up, input on project institutionalisation when needed.

In addition the project manager will contribute to elaborating and negotiating new projects with donors, participating in GRET’s communication and integration in microinsurance networks, conducting expertise and consulting missions, contributing to capitalisations and publications on Gret actions.

About GRET: GRET, a French non-profit association of professionals for fair development founded in 1976, is currently working in more than 30 countries. GRET intervenes in the main fields of economic and social development with a strong focus on partnership and research.

Click here to download job description and contact information

LeapFrog select Ghana as one of their priority countries by announcing $25 million of investment

Modern Ghana, 29 March 2010

LeapFrog Investments has selected Ghana as one of three priority countries on the continent, meaning that ultimately up to $25 million could be invested in local Ghanian companies.

LeapFrog Principal Doug Lacey, explains: “We see significant potential in the Ghanaian market particularly given the rapid growth of the insurance industry since it was privatised, and the strong demand and need among the majority of the population – who are still underserved by insurance products. The Commissioner of Insurance has on many occasions stressed the importance of promoting and developing microinsurance, and we see genuine openness to foreign investment. LeapFrog will invest to help Ghanaian insurance companies to grow and help the Ghanaian people to achieve greater financial inclusion and security.”

“Millions of people in Ghana still do not have access to affordable and relevant financial services. With this latest capital injection to the fund, we look forward to partnering with local companies and insurers, bringing to bear substantial capital and global best practice to ensure microinsurance is delivered with commercial success and profound social impact in Ghana.” adds Lacey.

In addition to Ghana, Leapfrog's priority countries for investment include Kenya, South Africa, India, and the Philippines.

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LeapFrog poised to invest US$112 Million in insurance and microfinance companies

PRNewswire, 29 March 2010

LeapFrog Investments, the world's first microinsurance fund, announced today that it has surged past its US$100 million target capitalisation, months ahead of schedule. The fund invests in high-growth, high-impact insurance and financial services companies in countries including India, the Philippines, South Africa, Kenya, and Ghana. LeapFrog's dual aims are to deliver strong returns for its investors and to bring affordable insurance to 25 million low-income and vulnerable people in Africa and Asia.

For the 83 percent of Asians and 95 percent of Africans at the base of the economic pyramid, quality insurance is critical to permanently escaping the cycle of poverty and to catalyzing entrepreneurship. "Today we have achieved the synergy of profit and purpose," said Dr. Andrew Kuper, President and Founder of LeapFrog. "We have opened the gates of the capital markets, ensuring that millions of vulnerable people, for the first time, will be able to build futures without fear."

Leading global investors have aligned behind LeapFrog's ground-breaking profit-with-purpose investment strategy, with four new investors announcing their commitments today. IFC, a member of the World Bank Group, committed US$20 million. The board of the Soros Economic Development Fund has approved a US$7 million investment. Flagstone Reinsurance, a global reinsurer, has committed US$12 million. In the largest investment announced today, KfW Entwicklungsbank and BMZ, the German Ministry for Economic Cooperation and Development, committed US$26 million. Together with the US$47 million raised by LeapFrog in 2009 amid the global financial crisis, these commitments bring the fund to US$112 million, making LeapFrog the largest dedicated investor in microinsurance worldwide.

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