All that we can?

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Update of activities from ICMIF Development Committee Chair

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All that we can?

  1. 1. Update of activities from ICMIFDevelopment Committee Chair Nelson C Kuria, CEO & MD, CIC Insurance Group, Kenya ICMIF Biennial Conference Friday 28th October 2011
  2. 2. The ICMIF Development Function
  3. 3. How do we achieve the Objectives
  4. 4. ICMIF Development Network Seminar 2007- 2010
  5. 5. CANADA 2007
  6. 6. 2008- THE NETHERLANDS
  7. 7. 2010- INDIA
  8. 8. Member to member cooperationA few examples illustrating the solidarity amongst ICMIF network members:• SOCODEVI (Canada) Insurance Program and Support to Tajy (Paraguay) (2011)• Seguros Futuro (El Salavador) visits Coopseguros del Ecuador (2011)• IFFCO-TOKIO (India) provides assistance to SICL (2011)• BRS (Belgium) and MUSSCO (Malawi) collaborate on a microinsurance project (2011)• Tajy (Paraguay) and La Segunda (Argentina) introduce agricultural insurance (2010)• SOCODEVI (Canada), SSQ (Canada) and MACIF (France) established health mutual in Mali (2009)• DID (Canada) and SANASA (Sri Lanka) develop crop insurance (2008)
  9. 9. MéxicoGuatemala República DominicanaEl Salvador HondurasCosta Rica Nicaragua Panamá Venezuela Colombia Perú Ecuador Paraguay
  10. 10. RAMOS DE VIDA Número de Asegurados 2004 - 2010 2,606,8713,000,000 2,205,1282,500,000 1,748,876 1,607,479 1,439,0482,000,000 1,275,7261,500,000 800,1751,000,000 500,000 0 Años 2004 2005 2006 2007 2008 2009 2010 Crecimiento Anual 59% 13% 12% 9% 26% 18%
  11. 11. RAMOS DE DAÑOS Número de Asegurados 2004 - 2010 143,782 133,860 120,995160,000140,000120,000 76,799100,000 46,511 80,000 39,423 31,370 60,000 40,000 20,000 0 Años 2004 2005 2006 2007 2008 2009 2010Crecimiento Anual 26% 18% 65% 58% 11% 7%
  12. 12. COLOMBIA 2011
  13. 13. Microinsurance Survey Survey sent to ICMIF members providing microinsurance products so as to: • Increase our knowledge about ICMIF microinsurance providers • Identify areas where we could provide assistance Output of the survey: • 45 companies answered • writing of a publication on members’ companies
  14. 14. IAIS ISSUES PAPER
  15. 15. ICMIF/Americas Development Work
  16. 16. Development of a Unique Microinsurance Product for Microentrepreneurs in ColombiaMICROVIDAgroup life microinsurance productdesigned for low incomecooperative microentrepreneursand clients of microfinanceinstitutions
  17. 17. Dominican Republic Mitigating the Socio-economic Impact of HIV/AIDSPrevention education delivered by over 40 Coop-Seguros’ cooperativeowners reaching over 135,000 cooperative members to date.
  18. 18. Nicaragua: Increasing access to affordable insurance La Central Cooperativa Financiera de Cooperativas de Ahorro y Crédito• Increase number of insureds from over 21,000 to 30,000• Developed capacities of insurance department to become self-sustainable.• Designed member benefits that meet member needs and are affordable (i.e., funeral benefit)
  19. 19. MICROINSURANCE MEMBERSHIP CREATED South African Federation of Burial Society (SAFOBS) National Cooperative Insurance Society (NCIS) NATCCO MBATakmin Working Group
  20. 20. ALLNATIONS Inc
  21. 21. The Development Committee has recently approved a a three year strategy paper with the GOALTo support access to mutual based risk protection for the mass market.BUT WE NEED YOU to support ICMIF achieve thisLets look at an example how this maybe done!

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