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Breakout Microinsurance, Michael McCord, Microinsurance Centre
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Breakout Microinsurance, Michael McCord, Microinsurance Centre

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  • Maybe put one on top of the other and cycle through for larger visual.Trend more important than specific figures.
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    • 1. MICROINSURANCE TRENDS AND ISSUES MICHAEL J. MCCORD MICROINSURANCE CENTRE 19 NOVEMBER 2013
    • 2. Total lives covered in 2005, 2008, and 2011 2005 (3.5MM not SA) 2008 (14.7MM) (6.5MM ex. SA) Number of lives/properties covered 2011 (44.4MM) (17.2MM ex. SA) Growth drivers: - Commercial sector - Technology - Competition - Donors 2
    • 3. Growth in LAC 2005 2011 Growth drivers: - Commercial sector - Alternative distribution - Competition - “Mass” market
    • 4. Starting from Credit-linked Simple Products to… More than Life Products More insureds… new target segments • Through new distribution channels • Through new tech solutions Better benefits/features Evolution
    • 5. Trends in microinsurance • Value for clients • Growth • Mobile technology • Regulations • Commercial insurer flexibility • Distribution
    • 6. The MicroInsurance Centre “Developing partnerships to insure the world’s poor” www.MicroInsuranceCentre.org 7 mjmccord@MicroInsuranceCentre.org