Webinar on 'New opportunities in microinsurance distribution': recording and presentation
The ILO’s Microinsurance Innovation Facility conducted a webinar on “New opportunities in microinsurance distribution” last 10 May 2013.
One of the biggest challenges in microinsurance is getting low margin, high volume products to the low-income market. What can we learn from leading providers that have pushed the frontiers in distributing insurance to the low-income market? What are the pros and cons of partnering with different types of distribution channels to effectively reach the market? How can the distribution set up be leveraged to deliver microinsurance products that are both viable for insurance companies and valuable for clients? This webinar examined different models of alternative distribution from the perspective of viability and client value, and provided examples of successes and challenges in dealing with these distribution channels.
The recording and presentation of the webinar is available at this link on the Microinsurance Innovation Facility website.
Panel Discussion: ‘Delivering on the Promise of Microinsurance: Putting Clients First’
Today, microinsurance covers nearly half a billion risks, including the lives and health of low-income people, as well as their crops, animals and other property. That is a dramatic leap from 2009, when an estimated 135 million were insured. Despite massive growth, millions of poor households lack access to good value products.
What can we learn from the pioneers about their struggle to offer quality products in a viable way? What product types and designs provide the best value for the poor? How does client orientation contribute to the insurer’s bottom line?
These questions will be the focus of a panel discussion organised by the ILO’s Microinsurance Innovation Facility, the The Microfinance Club of New York (MFCNY), and A.M. Best. Register and participate (in-person or online) to hear the following speakers: Evelyn Stark (Senior Program Officer at Bill and Melinda Gates Foundation), Nelson Kuria (Chief Executive Officer at CIC Insurance Group), Lourdes del Carpio Gómez de la Torre (Director at Rural Insurance, La Positiva Seguros y Reaseguros), Thembisa Mapukata (Executive Head, Foundation Market at Old Mutual), Birendra Mohanty (Vice President of Financial Inclusion Solutions Groups of ICICI Lombard), and Janice Angove (Actuary & lecturer in actuarial science, at the University of the Witwatersrand), moderated by Craig Churchill (Team Leader at the Microinsurance Innovation Facility, International Labour Office)
When: Tuesday, July 9, 2013, from 6:30 PM to 8:00 PM EDT
For more information regarding the discussion, speakers and organisers, click here.
To register for in-person participation, please click here.
To register for online participation from 6:30 to 7:45 pm EDT, please click here.
India: Lead Consultant wanted
The Access to Insurance Initiative in association with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH Rural Financial Institutions Programme wishes to appoint a Consultant, (Individual or Institution) based in India to undertake an evaluation of the Indian insurance regulatory environment and micro insurance market.
Interested parties are invited to submit a proposal for the position of Lead Consultant, including:
- Description of their understanding of the project and how they propose to undertake the work
- Curriculum Vitae / résumé of the consultant(s)
- Availability to undertake the assignment
- Financial proposal
For more information regarding the study, and the tasks and outputs of the consultant, please read the terms of reference.
Queries and proposals can sent to Aniruddha Shanbhag (GIZ India).
The deadline for the proposals is May 27, 2013, and the finalization and appointment of consultants will be concluded by June 5, 2013.
Webinar on ‘Technology: Improving the enrolment experience’
How can technology facilitate the enrolment process and make microinsurance more accessible for customers? How can small premiums be collected in an efficient manner? What can we learn from the experience of practitioners who are using various solutions to address enrolment challenges?
As part of its 5th anniversary celebration, the Microinsurance Innovation Facility is organizing a session on 'Technology: Improving the enrolment experience'.
Join us and interact with the following speakers: Pranav Prashad (Microinsurance Officer at the ILO Microinsurance Innovation Facility), Sanjay Pande (Director at Amicus Advisory Private Ltd.), Eugene Adogla (Regional Operations Manager for Africa at MicroEnsure), Camilo Tellez (CGAP Technology and Business Model Innovation Team), and Jasmin Suministrado (Knowledge Officer at the ILO Microinsurance Innovation Facility)
When: Tuesday, June 4, 2013.
The space is limited. Reserve your webinar seat.
For more details about the webinar, click here.
7 million dollar investment for mobile microinsurance
Microfinance Focus Europe
Mauritius-based investor LeapFrog investments has announced that it will be investing $4.3 million for a stake in mobile microinsurance provider Bima. Bima is based out of Sweden and operates in emerging markets in Asia and Africa. The majority owner of Bima is the Sweden-based holding company Investment AB Kinnevik. In addition to the LeapFrog investment, AB Kinnevik will be boosting its current investment by $2.8 million.
Bima’s products include accident insurance, life insurance and hospitalization insurance. Coverage is coupled with mobile phone expenditures so that coverage increases when spending increases.
Read the article here.
2 positions at LeapFrog
LeapFrog is hiring for three new roles:
1. Director of Communications and Media Relations. LeapFrog seeks an experienced person in building brands and campaigns. The role is based in Sydney. Find more information here.
2. Investor Relations Officer. LeapFrog seeks an entrepreneurial professional (3+ years experience) with excellent communication skills, interested in building a firm that is a global leader in profit-with-purpose investing and frontier financial services. The role is based in Edinburgh. Find more information here.
Candidates are invited to learn more and apply here. The deadline for applications is mid May 2013.
Asia: Senior Business Analyst - Project Manager wanted
A Senior Business Analyst/Project Manager is required to join MicroEnsure Asia to lead the process and technology work streams of microinsurance product and implementation of projects. This new key role aims to ensure the smooth and successful implementation of mass market insurance programmes distributed through mobile channels as part of a new joint venture between MicroEnsure and the Telenor Group.
For more information on the requirements and responsibilities
Apply with your CV.
PlaNet Guarantee seeking Project Manager - Insurance Broker
The Project Manager will respond to the head of the management of insurance brokerage, and will have as main activity the creation of a reporting tool, regarding the consolidation of information (actual and forecast) of the brokerage activity of the company, as well as the creation of the procedures to use this tool.
For more details regarding the responsibilities and requirements, click here.
Send your CV and cover letter by May 10, 2013, to Lofti Rezzoug.
Zambia: Learning how to move a microinsurance market
CGAP microinsurance blog series
Improving access to insurance for low-income people is not an easy task. It requires attention to be given to multiple issues to overcome the wide-ranging constraints to expanding insurance access. Can a market development approach that takes a holistic view in tackling problems of demand, supply, policy and regulation be successful in developing a microinsurance market?
A market development approach was initiated in Zambia, following a country diagnostic review. The co-founders of the review - FinMark Trust, the ILO’s Microinsurance Innovation Facility and UNCDF – kickstarted the process by helping to set up a multi-stakeholder group named the Technical Advisory Group, whose task is to lead the design and implementation of an action plan that sets out a ‘logical flow of interventions’, resulting in a series of activities to overcome the various market obstacles identified.
Some suggestions that can help move the Zambian microinsurance market are offered by Juliet Munro from FinMark Trust and Lemmy Manje in a recent blog post on the CGAP webpage.There are now new life insurance products available, which are being distributed in ways that are innovative for Zambia, and that are serving tens of thousands of new clients that were previously unserved.
Webinar on ‘New opportunities in microinsurance distribution’
One of the biggest challenges in microinsurance is getting low margin, high volume products to the low-income market. What can we learn from leading providers that have pushed the frontiers in distributing insurance to the low-income market?
As part of its 5 year celebration, ILO's Microinsurance Innovation Facility, in collaboration with Lloyd’s, is organising a live breakfast panel discussion on “New opportunities in microinsurance distribution”.
Join virtually and interact with the following key speakers: Jeremy Leach (Director at Bankable Frontiers Associates), Peter Gross (MicroEnsure’s Business Development Manager in Africa), Rajeev Karunakaran (head of microinsurance at FINO Fintech), Craig Churchill (Team Leader of the Microinsurance Innovation Facility), and Jasmin Suministrado (Knowledge Officer at the Microinsurance Innovation Facility).
When: Friday, May 10, 2013 from 8:30 AM to 9:45 AM BST
The space is limited. Reserve your webinar seat.
If you are in the London area and would like to attend in-person, please send the organisers an e-mail.
For more details about the webinar, click here.