A new synthesis paper "Local Training Providers for Microinsurance Capacity Building" published by the Microinsurance Network Capacity Building Working Group (CBWG) presents a number of case studies looking at what lessons Local Training Providers (LTPs) can learn in rolling out high-quality and sustainable microinsurance training.
Although microinsurance is increasingly recognised as a risk mitigation tool, coverage remains relatively low. One of the many reasons for this is the lack of appropriate knowledge and skills among microinsurance practitioners to accurately address the needs of a large number of low income people. LTPs are particularly well-positioned to facilitate the adoption of best practices because of their knowledge of the local context and ability to establish close relationships with local microinsurance practitioners. However, today there are only few LTPs around the world offering microinsurance capacity building services. Those that do may not always have the training content or necessary teaching expertise to provide the kind of training demanded or required by market participants.
To support LTPs in providing high-quality, sustainable microinsurance training, the CBWG of the Network and the ILO’s Impact Insurance Facility developed a concept paper on how microinsurance training material can be developed and maintained, how training can be effectively delivered, and analysed how LTPs can operate most sustainably.
The current synthesis paper complements this concept paper with a number of case studies from Central Asia (conducted by the Microfinance Centre), Africa (Cenfri), Latin America (Instituto National de Seguros), and consolidated experiences from several other LTPs. Together they reflect different institutional structures and provide an insightful overview of training activities in a diverse range of markets. In so doing, this study contributes to the market development approach outlined in the recent CGAP publication ‘Facilitating the Market for Capacity Building Services’ and helps answer the question: “What does it take to facilitate a sustainable, commercially viable market for capacity building services delivered to financial service providers”?
Download the new LTP synthesis paper here