Catch the MILK tour in a city near you
Drawing on three years of research with dozens of microinsurance programs across the globe, key members of the MicroInsurance Centre’s Microinsurance Learning & Knowledge (MILK) Project team will present insights and lessons learned regarding the value of microinsurance for low income clients and the business case for insurers, distributors, and intermediaries.
This interactive workshop will provide insurers, distributors, regulators, and other microinsurance stakeholders with:
- Cutting edge, detailed insights - backed by data - regarding the conditions under which there is a business case for microinsurance
- Practical information on how to improve the value of microinsurance offerings
For more information on the MILK project click here
View the MILK tour schedule here
ILO’s Microinsurance Innovation Facility launches Case Briefs
The Case Brief series highlights successful innovation stories from the Microinsurance Innovation Facility’s grantees. Each brief describes a grantee's experience and lessons learned.
The latest brief covers the microinsurance sector in Haiti. Increasingly insurance is being seen as a way to protect low-income people against the worst effects of catastrophes, such as the storms, floods and earthquakes which are regular and devastating for poor Haitians. Yet a chasm exists between the world of multinational reinsurers and the daily life of Haiti’s most vulnerable.
Read the full case brief here
Subscribe to the Emerging Insights of the Microinsurance Innovation Facility
The Microinsurance Innovation Facility’s bite-sized lessons “Emerging Insights” provide condensed bi-weekly articles covering innovations and practice-based lessons in microinsurance across the world. You can subscribe to briefs here
The latest release addresses the challenges that arise when death occurs in the family. During the development of the MAPFRE Você Tranquilo (“MAPFRE Be Calm”) life insurance product, prospective clients told Banco do Brazil (BB) and MAPFRE Insurance Group that they face two challenges when a death occurs in the family. The first challenge concerned sometimes having to collect money from friends and family for the funeral and the second challenge was in accessing a range of customary funeral services.
Read the post here
Championing Microinsurance in Typhoon-ravaged Philippines
Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ)
Typhoon Haiyan ravaged the central region of the Philippines in early November resulting in destruction beyond belief. The catastrophe affected more than 10 million Filipinos and exposed the vulnerability of people in such extreme circumstances, underlining the importance of financial risk protection in tackling the growing unpredictability of climactic disasters. This article describes GIZ’s effort in promoting risk protection in the form of microinsurance.
Read the article here
Designing Mobile Microinsurance Products: Premium Payment Methods
Tappendorf; Tyler, David Saunders, CGAP, 12 February 2014
This blog comments on the findings of CGAP’s recent brief on The Emerging Global Landscape of Mobile Microinsurance and the Microinsurance Innovation Facility's study on Mobile Phones and Microinsurance published end of 2013.
Mobile phones are increasingly used throughout the microinsurance value chain to enable access to insurance for millions of people who otherwise would have no cover. These products are not only growing in number, but they are reaching people in many of the world’s poorest countries.
The ability to pay premiums to the homes and handsets of the end users, allows valuable financial services like insurance to reach greater numbers of people in remote locations, while benefiting product providers as well. However, each markets' constraint and unique environment will ultimately determine how and whether airtime and mobile money are feasible solutions to facilitate payments for a mobile microinsurance initiative.
Read the blog here
The Global Landscape of Mobile Microinsurance
Tellez-Merchan; Camilo, Peter Zetterli, CGAP, 10 February 2014
This CGAP blog covers the rapid increase in the number of mobile microinsurance products launched worldwide during the last three years. It underlines that this growth reflects the emergence of new business models and of non-traditional players keen on innovating through new channels. By expanding access and contributing to the ever-growing ecosystem of digital financial products offered to the bottom of the pyramid, this development represents a potentially significant new phase in the provision of microinsurance.
Read the blog here
Access to Insurance Initiative is recruiting an Advisor
The Access to Insurance Initiative wishes to hire an Advisor (m/f), JOB-ID: 17177
The Access to Insurance Initiative (A2ii) is a unique global partnership working with development agencies, insurance supervisors, international insurance bodies and local entities with the mission to inspire and support insurance supervisors to promote inclusive and responsible insurance.
The advisor's assignment period is from May 2014 to December 2017. For further information and the job descriptions click here or contact Anja Jacqueline Mueller Tel +49 (0) 6196 79 3232
Candidates are invited to send their applications by February 23th, 2014.
Microinsurance Conference at Paris International Agricultural Fair
The Fondation Grameen Crédit Agricole, the Foundation for World Agriculture and Rurality (FARM) and PlaNet Guarantee are hosting a conference at the Paris International Agricultural Fair this February 27, 2014.
This conference, which will be held in French language, will provide an overview of the global state of agriculture microinsurance and foster a debate on the conditions needed for the sector to reach scale in West Africa.
For more information about the event click here
To register for the event click here
To read the latest publication by the Network on agriculture insurance click here
Microinsurance and social protection in India and Bangladesh
Two country studies, published by GIZ on behalf of BMZ, analyse the role of microinsurance within the social protection contexts in Bangladesh and India. The studies look at the benefits and potential benefits for the formal and the informal economy, the existing policies, actors and products offered, the challenges in each country, and the strategies for overcoming these.
A third case study focusing on microinsurance within the social protection context in Vietnam, as well as a synthesis paper on the three studies, will become available later this year.
View the India study
View the Bangladesh study