African countries’ experiences and perspectives from the 6th Consultative Forum

The second day of the 6th Consultative Forum on “Innovative products for the emerging consumer”, in Marrakesh, was organised into two breakout sessions, for regulators and industry participants to present insights and propose recommendations for microinsurance innovative product development.
Product design
Microinsurance products need to be designed in a way that is socially responsible and adds value to the end consumer.

What future for donor engagement in microinsurance?

The Expert Forum “Understanding donor engagements in microinsurance”, organised by the Network last month with support from Making Finance Work for Africa (MFW4A),  presented findings from the the landscape of donor activity study, commissioned by the Network in 2015 and carried out by LMG Consulting and centred on the future outlook for donors in the microinsurance space and the priority areas in which they aim to focus their funding efforts going forward.

Disruption: Friend or foe?

In a challenging economic environment, the insurance industry is always looking for new opportunities to maintain growth. Market consolidation, enhancing the customer experience, innovative uses of digital technology as well as expansion into new markets are all being explored as methods to adapt to the rapid changes of the industry. 

Unicorns, zombie insurers and microinsurance: A bright new future awaits

“Zombie banks, #blockchain, #fintech, #financialinclusion & singularity uni. All happening at Davos” is what I tweeted as commentary on a interview with Stephen van Coller, CEO of Barclays Capital, at the recent World Economic Forum in Davos, Switzerland.

Microinsurance as an essential tool to advance financial inclusion

The European Microfinance Week which took place in Luxembourg last week (18-20 November 2015) was rich in new perspectives and insights into financial inclusion for sustainable development and included thought-provoking sessions on microinsurance.
Microinsurance following extreme climatic events
In the panel on “Financial Services to increase resilience to natural disasters”, Annalisa Bianchessi from the Microinsurance Network presented research on how microinsurance stakeholders responded to Typhoon Haiyan

Savings-linked microinsurance: Innovating to meet savings needs in Jordan

Millions of low-income people living across the Middle East and North Africa (MENA) region want a safe place to save… but can’t. Low-income individual can access a loan quite easily. But a savings account? Forget about it. Due to an age-old regulation in almost every country in the region, microfinance institutions (MFIs) are prohibited from offering savings to clients.

The Nokia 1100 model of health insurance for the poor - Ready to catch the wave?

As part of his work in Kenya and Nigeria, Thierry van Bastelaer had the opportunity to work closely with private health insurers who are committed to finding affordable solutions to increase poor families' access to health care.  These insurers are keenly aware that this requires finding a myriad ways to cut costs everywhere possible, despite the fact that they are viewed with suspicion by development practitioners who perceive them as either avoiding the low-income market or trying to make huge profits from it.


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