Other Industry Publications

Informe Anual 2016 del Programa Impact Insurance de la Organización Internacional del Trabajo. 

Press Release: MicroInsurance Centre awarded competitive contract from UN’s IFAD

This is a Press Release announcing the MicroInsurance Centre's official contract with the International Fund for Agricultural Development (IFAD) for the project titled 'Managing risks for rural development: promoting microinsurance innovations'. This four-year agreement was signed on 7 April 2017 and will cover activities in China, the Republic of Georgia, and Ethiopia.

This publication from Allianz SE reports on the company's Emerging Consumer initiatives and products for the year 2016. 

“Mainstreaming Gender and Targeting Women in Inclusive Insurance: Perspectives and Emerging Lessons - A Compendium of Technical Notes and Case Studies” was prepared for the G20 Global Partnership for Financial Inclusion (GPFI) by the IFC Gender Secretariat, Finance & Markets, and the Financial Institutions Group, GIZ’s Sector Initiatives Social Protection and Global Initiative for Access to Insurance on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and Women’s World Banking, in collaboration with the Access to Insurance Initiative and the Self-Employed Women’s Association. 

This compendium identifies the potential entry points for gender-sensitive insurance approaches and proposes ways for implementing those more effectively. It is hoped that all stakeholders draw on these recommendations to further promote women’s access to inclusive insurance towards the wider goals of financial inclusion and sustainable development.

ILO's Impact Insurance Facility 2016 Annual Report. 

This paper proposes a preliminary assessment and framework for the performance evaluation of government-sponsored health insurance programmes. It consolidates different performance measurement criteria used by five country programmes and builds on previous work conducted by the Microinsurance Network, devising Key Performance Indicators (KPIs) for microinsurance and highlighting key indicators that can help programmes make effective and sustainable management decisions. The five country programmes are Rhastriya Swasthya Bima Yojna (India), National Health Insurance Scheme (Ghana), Universal Coverage Scheme (Thailand), Cellule Technique d’Appui aux Mutuelles de Sante (Rwanda), and Jaminan Kesehatan Nasional (Indonesia). We also reviewed conceptual frameworks recommended by international organisations such as the World Health Organization (WHO) and the World Bank.

This paper presents the background information for the discussion paper, “Performance Evaluation Framework for Government-Sponsored Health Insurance Programmes” published by the Microinsurance Network. The country profiles, overview of their government-sponsored health insurance programmes, and performance evaluation frameworks presently used in these programmes are discussed in detail in the discussion paper.

Abstract: The gains from insurance arise from the transfer of income across states. Yet, by requiring that the premium be paid upfront, standard insurance products also transfer income across time. We show that this intertemporal transfer can help explain low insurance demand, especially among the poor, and in a randomized control trial in Kenya we test a crop insurance product which removes it. The product is interlinked with a contract farming scheme: as with other inputs, the buyer of the crop offers the insurance and deducts the premium from farmer revenues at harvest time. The take-up rate is 72%, compared to 5% for the standard upfront contract, and take-up is highest among poorer farmers. Additional experiments and outcomes indicate that liquidity constraints, present bias, and counterparty risk are all important constraints on the demand for standard insurance. Finally, evidence from a natural experiment in the United States, exploiting a change in the timing of the premium payment for Federal Crop Insurance, shows that the transfer across time also affects insurance adoption in developed countries.

This publication by the Institute of International Finance presents information on how technology and innovation are transforming the insurance industry. Topics covered include underlying drivers of change, innovation and insurance, breakthrough technologies today, digital platforms, and more. 

This report by the Institute of International Finance gives an overview of how innovation and technology are making insurance more accessible to the low-income market. Topics include risk transparency, mobile microinsurance, and other emerging technologies.   

For Insurers:

This 1-page infographic is a guide for insurers on how to take action using the results from the Landscape of Microinsurance in Africa 2015.  

El panorama de los microseguros en América Latina y el Caribe: Un mercado cambiante

Con el presente estudio, el Mapa Mundial de Microseguros (MMM) de la Microinsurance Network ha identificado los detalles de las actividades de microseguros en América Latina y el Caribe(ALC) hasta 2013. El reporte analiza información amplia de casi 100 compañías aseguradoras de la región. Estas empresas gestionan, en conjunto, más de 200 productos de microseguros por un valor de US$ 828 millones en primas y dan cobertura a 48,6 millones de personas, equivalente a más de 8% de la población de ALC. El estudio se enfoca en las necesidades
de las aseguradoras —que deben tener un conocimiento exhaustive del ecosistema para mantener la sostenibilidad del sector—, proporcionando inteligencia de mercado valiosa y práctica sobre las tendencias y los cambios dinámicos presentes en los diferentes países de la región.

(Documento actualizado el 25 de noviembre, 2016)

Empaquetamiento Responsable de Servicios Microfinancieros: Evaluación con Métodos Mixtos sobre el Impacto de la Separación, Presión e Información

Nos hemos asociado con Crezcamos, una institución dedicada a las microfinanzas que opera a nivel rural en Colombia, para explorar la influencia de una estrategia de ventas conjunta para la captación de clientes que califican para subscribir un seguro de cultivo, evaluar el nivel de comprensión que tuvieron estos clientes respecto a la información presentada y que tanto recordaron la información después de cierto tiempo. Combinamos nuestros métodos mixtos en diseño de investigación, con las entrevistas cualitativas realizadas a los clientes finales, funcionarios de crédito y otros miembros del equipo de Crezcamos distribuidos de manera aleatoria para probar el impacto que se observa al “desagregar” o separar la oferta de seguros del proceso de solicitud de préstamo y evaluamos el nivel de captación de clientes potenciales, su nivel de comprensión de la información presentada y el nivel de recordación de esta información al cabo de un tiempo. Trabajamos con Crezcamos para desarrollar un enfoque estandarizado en la oferta de un producto de seguros; dicho enfoque se basaba en la presentación de un video explicativo y otras herramientas donde se enfatizaba información esencial sobre el producto, restándole importancia al carácter voluntario que tenía respecto a la decisión del cliente.

This is a report from the Microinsurance Network's annual June Member Meeting which took place from 21-22 June, 2016. The meeting, themed "Development: A prerequisite for success in microinsurance?", was attended by around 50 members of MiN, including representatives from industry, regulators, academic researchers, and donor organisations. The event brought together members to discuss current trends and insights of the sector, share emerging best practices and look at innovations within the sector from the past year.

This conference report provides an overview of the 'Egypt Microinsurance Learning Sessions: Paving the Way for Financial Inclusion' which took place 30-31 May, 2016 in Cairo, Egypt. Topics covered include the microinsurance landsdcape in Africa and Egypt, the role of regulation in supporting microinsurance market development, making a business case for microinsurance, innovations in distribution, agriculture insurance, and the need for a multi stakeholder approach to support MI market development.  

The Sustainable Development Goals (SDGs) and Microinsurance - How do they relate?

This document is an inforgraphic developed by the MicroInsurance Centre which depicts how microinsurance can address six of the UN's Sustainable Development Goals (SDGs).

The Landscape of Microinsurance in Africa 2015

This study reports on the latest activities and current state of microinsurance in Africa, as identified by the latest regional landscape study, as part of the Microinsurance Network’s World Map of Microinsurance Programme. The 2014 data presented in this publication were collected from over 200 microinsurance providers representing all 36 of 54 African countries where microinsurance is available. In aggregate, these institutions generated a total of USD 756 million in microinsurance gross written premiums in 2014. In terms of outreach, 61.8 million people, or 5.4% of the total regional population was identified as being covered by some type of microinsurance product. 

(Updated version posted 21 February, 2017)

This second edition of the Microinsurance Network's annual magazine reports on the latest insights, innovations, and developments in the microinsurance field, with a focus on product design, distribution, and regulation. Topics explored include benchmarking, the role of private health insurance in achieving universal health coverage, and case studies on agricultural microinsurance. The magazine also includes interviews with industry experts. 

We partnered with Crezcamos, a microfinance institution in rural Colombia, to explore the influence of a joint sales strategy on the uptake, understanding, and recall of crop insurance products. Our mixed-methods research design combined qualitative interviews with end clients, loan officers, and other Crezcamos staff with a randomized intervention testing the impact of “unbundling,” or separating the insurance offer from the loan application process on take-up and understanding of the insurance. We worked with Crezcamos to develop a standardized approach to offering the insurance product, which relied on an explanatory video and other tools and emphasized crucial information about the product while underscoring the voluntary
nature of the client’s decision.

MicroInsurance Centre Annual Report 2015

This is the 2015 Annual Report for the MicroInsurance Centre. The publication reports on the MIC organization and team, services offered, guiding philosophies, 2015 projects, advocacy events and major publications, and key lessons learned.

Quote of the Day

"We see quite decent profits in microinsurance, and I am no longer worried about profits in this business" - Martin Hintz Emerging Consumers, Allianz SE

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