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Blog: Stuck on how to get involved in microinsurance?

Grossman-Crist; Shoshana, Multitlateral Investment Fund, IDB Group, February 19, 2014

Over the last few months, you and your colleagues may have had a number of discussions on getting involved in microinsurance. Clear data on its benefits to clients is flowing in. Maybe you read the ILO’s review on the impact of microinsurance and accompanying infographic.  Evidence on the viability of business models is becoming stronger. Perhaps you saw Craig Churchill and Michael McCord’s presentation on “The magical balance” at the 9th International Microinsurance Conference last November. Yet even as the fundamental role that microinsurance plays in financial inclusion and protection of low-income people is becoming clearer, the gap in coverage persists. In Latin America and the Caribbean, 350 million low-income people do not have insurance.

Read the blog here

Blog: Digital use and customer-centricity

Meyer; Thomas D., Accenture, March 12, 2014

All my recent thinking on microinsurance has prompted another train of thought, or rather, has given me a new angle on a broader challenge that the insurance industry faces. The challenge is to avoid being commoditised, to fight off new competitors from outside the industry, and to improve margins.

The only way insurers can do all this is to become more and more customer-centric, integrating themselves into their customers’ lifestyles and so, providing a solution rather than just a product. To do this, they will have to become digital insurers in the fullest sense of the word.

Read the blog here

The magical balance in Kenyan health microinsurance

Koven; Richard, Center for Financial Inclusion Blog, March 25, 2014

Both client value and a business case are needed for microinsurance to be sustainable. In an ideal world, the two ultimately reinforce one another. Value is recognised by clients, leading to greater satisfaction with and demand for insurance, while demand leads to reasonable profits for insurers, enhancing their ability to provide value to clients in the medium and long-term.

In an effort to better understand how profitability and client value complement one another and how they conflict, the MicroInsurance Centre’s Microinsurance Learning and Knowledge (MILK) Project conducted extensive research on health microinsurance in Kenya.

Read the blog here

MILK Projectís results published and presented in global tour

The Microinsruance Learning and Knowledge (MILK) Project, initiative launched by the Microinsurance Centre has come to an end. Drawing on three years of research with dozens of microinsurance programs across the globe, key members of the MILK team are now starting a woldwide tour to present insights and lessons learned regarding the value of microinsurance for low income clients and the business case for insurers, distributors, and intermediaries.  

Read all the MILK publications to date here
See dates and location of tour here