Craig Churchill presents the main trends of microinsurance, give some example of innovations in the sector and highlight the common mistakes the different players make when starting a scheme.
11. Microinsurance trends Insurance companies are increasingly interested in serving low-income households Microinsurance is emerging out of the shadow of microfinance Greater variety of distribution channels are being used Experimentation with consumer education tools and methodologies is beginning Policymakers, regulators are showing a greater interest (e.g. Access to Insurance Initiative) Product innovations are taking place to provide more valuable coverage
15. Overview of the Facility’s Grantees see Grantee Community on www.ilo.org/microinsurance for details
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17. Collaborating with national consumers’ association for rural water rights to develop life, health, personal accident and funeral insurance products for farming families, with premium payments collected with water bills
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19. Includes death and accident coverage based on account balance, irregular savings as low as USD 0.22
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21. Benefits for lost wages, transportation, accommodation (not for medical expenses)
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24. Family (up to 7 members) coverage: In-patient health, AD&D, loss of income due to accident, funeral expenses