Ten years of Impact Insurance

Hugo Fulco's picture

Image: 

The ILO's Impact Insurance Facility is celebrating its ten-year anniversary in 2018. Over the last ten years, we have grown with the industry. Despite a drastically changed environment, many products, technologies and players that took their first steps with us a decade ago are now well established, while other promising initiatives are just beginning. Together, we are proud of this decade-long journey to reclaim the important role of insurance as a vital contributor to social and economic development.

Make change happen: Getting insurance providers ready to better serve low-income households

Hugo Fulco's picture

Image: 

In order to serve low-income and emerging consumers effectively, insurance providers need to make significant changes to the way they do business. Changes can include finding cost-effective ways to understand the needs of a new market segment, reaching clients through different distribution channels, managing expenses to accommodate for lower margins per policy, and building systems to tackle large volumes of transactions.

Using Satellite Data to Scale Smallholder Agricultural Insurance

Hugo Fulco's picture

Image: 

Smallholder families that use agricultural insurance can increase investments in more productive farming and nonfarming ventures as they feel more confident in managing related risks. However, significantly scaling the use of agricultural insurance among smallholders has been difficult in many parts of the world, especially in Africa.
 
This paper looks beyond the excitement of the vast possibilities for satellite data applications to promote scale in smallholder agricultural insurance.

Insurance - a new approach for linking relief, rehabilitation and development

Hugo Fulco's picture

Image: 

This discussion paper develops an analytical livelihood- and people-centred framework to assess the potential of insurance for conflict- and disaster-induced displaced people.

The paper shows that there are two relevant scenarios, either before displacement, or after displacement, in which insurance may be an instrument.

Building Inclusive Payment Ecosystems in Tanzania and Ghana

Hugo Fulco's picture

Image: 

Digital financial services (DFS) are transforming the world’s financial sectors. At the heart of this financial transformation is the rise of digital payments services through which nearly any individual or business can send or receive money in real time for almost any purpose and from nearly anywhere in the country—an inclusive payment ecosystem.
 
Across Sub-Saharan Africa, new success stories are playing out, yet little is understood about the approaches many countries in the region have taken to develop inclusive payment ecosystems.

Country Focus Note: Bangladesh

Hugo Fulco's picture

Image: 

This focus note providing an overview of financial inclusion in Bangladesh, including its current state, the recent trends driving usage in the financial sector and a view on the challenges and opportunities that exist to unlock the potential of FinTech.
 
Bangladesh is both an inspiration and a challenge for policymakers and development practitioners. While efforts in poverty reduction to date have been extraordinary, Bangladesh still faces daunting challenges with nearly 51 million people living below the poverty line.

Financial inclusion and health

Hugo Fulco's picture

Image: 

Developing solutions that address ill health can be a triple win for clients, society and financial service providers. Keeping clients and their families healthy makes business sense, but while there is great demand for such solutions, only a few providers have focussed on tackling health challenges. This latest paper from the ILO's Impact Insurance Facility includes case studies and outlines the scope for financial service providers to develop holistic health solutions.

Pages

Subscribe to RSS - 2018