Using subsidies for inclusive insurance: Lessons from agriculture and health
Hill; Ruth Vargas, Gissele Gajate-Garrido, Caroline Phily, Aparna Dalal, Microinsurance Innovation Facility, Paper n° 29, Microinsurance Innovation Facility, January, 2014
Insurance can contribute to a number of public policy objectives, including improving access to health care, increasing food security, and coping with climate change. There is therefore a public policy rationale to invest in the development of efficient insurance markets that provide equitable access to low-income households. This paper paper presents a framework and lessons from nine subsidised insurance schemes for governments and donors on how to effectively design and implement “smart” subsidies for agriculture and health microinsurance.
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Is there value in microinsurance? Client value series brief no. 1
Dalal: Aparna, Emily Zimmerman, Barbara Magnoni, Michal Matul, MicroInsurance Centre, Microinsurance Innovation Facility, Janaury 30, 2014
Is there value in microinsurance? Drawing on several years of original research as well as other evidence from the field, the MicroInsurance Centre’s MILK Project and the ILO’s Microinsurance Innovation Facility provide concrete insights into how, when, in what ways, and to what extent clients receive value from microinsurance. This first of three briefs on client value introduces the theory of change through which value is realized and presents the evidence of impact in terms of improved financial protection, reduced vulnerability, and better health.
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The moment of truth: Claims management in microinsurance
Rendek; Kelly, Jeanna Holtz, Camyla Fonseca, Paper n° 28, Microinsurance Innovation Facility, January, 2014
In this paper, the experience of 12 microinsurance providers across various product types and regional contexts is explored in order to identify some guiding principles that apply uniquely to claims management in microinsurance. Common underlying drivers that affect the claims process are identified and programme design considerations are evaluated for their potential impact on the claims function. The goal is to identify strategies for claims processes and systems that can maximize efficiency and client value.
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The role of microinsurance for social protection in India
Ramm; Gaby, GIZ, August 2012
The purpose of this study is to compile evidence on microinsurance and social protection practices in India: How is microinsurance integrated into the social protection strategy of the Indian Government? Which products are offered to whom? Who are the relevant actors and how do they cooperate? What are the outcomes and synergies of the integration?
The report analyses microinsurance linked to the Indian social protection system and, focuses on the risks that are officially recognised in the Government of India’s strategies and social protection bills. It also looks at the most important national social assistance programmes in terms of strategic relevance, scale and impact. Further, it focuses on those risks that can be covered by microinsurance such as death, accident and disability, health, old age and weather-related catastrophic risks.
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The role of microinsurance for social protection in Bangladesh
Ramm, Gaby, GIZ, November 2012
The purpose of this study is to compile evidence on microinsurance and social protection practices in Bangladesh: How is microinsurance integrated into the social protection strategy of the Government of Bangladesh? Which products are offered to whom? Who are the relevant actors and what is their mode of cooperation? What are the outcomes and synergies of the integration?
The report focuses on the risks officially recognised within the strategies of the Government of Bangladesh and includes the most important national social assistance programmes in terms of their strategic relevance, scale and impact.
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Removing Obstacles to Access Microinsurance
Cimon; Eric, Beatrice Harnasch, Peter Gross and Camyla Fonseca, Paper n° 27, Microinsurance Innovation Facility, December 2013
Access to microinsurance is measured by the ease with which a low-income person can acquire available microinsurance products. Often, however, purchase or renewal decisions are postponed when clients encounter too many hurdles to enrol, pay premiums or renew a policy or when they have difficulties in understanding product benefits and logistics. The experience of a number of microinsurance schemes shows that there are many different ways to improve access.
Based on a review of more than ten case studies, this study identifies barriers to access and provides strategies to overcome them. More specifically, it takes a closer look at three business processes that enable access – enrolment, premium collection and renewal – and some related success factors. The goal is to provide concrete examples of how microinsurance schemes can improve clients’ access to products.
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Mobile Phones and Microinsurance
Prashad; Pranav, David Saunders, and Aparna Dalal, Paper n° 26, Microinsurance Innovation Facility, November 2013
Insurers are using mobile phones to address two main challenges facing the microinsurance sector: increasing efficiency and reaching scale. This paper is based on a review of literature and 13 insurance schemes that are using mobile phones in some capacity. The review reveals good practices and lessons for insurers to consider when implementing mobile-based microinsurance.
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