Here is my take on the basics of Micro insurance, custom financial solutions for the informal sector and low income earners.

1. MICRO-INSURANCE 101
5 W & 1 H

2. WHAT IS MICRO INSURANCE?
Helps them manage risks such as illness, fire, accidents,
theft, death, floods, and drought.
WHY MICRO INSURANCE?
Microinsurance means designing insurance covers for
the low-income earners and the informal sector.

3. HOW DOES MICRO INSURANCE WORK?
Is best suited for the sectors such as; boda boda, tuk tuks, mama
mbogas, mitumba sellers, jua kali, small holder farmers, farm workers,
house helps, among others.
WHO CAN BUY MICRO INSURANCE?
Cover is provided in exchange for affordable insurance premium
tailored to the custom needs, income and nature of risks faced by
buyers. Can be provided through mobile network operators to allow
for a seamless payment of premiums and claims.

4. WHERE CAN MICRO INSURANCE BE SOLD?
When you require an insurance cover that specifically address your
custom needs, then micro-insurance is designed to do that for you.
WHEN IS MICRO INSURANCE NEEDED?
Can be based in a specific region, county, city, or town. People in
groups such as chamas, social foundations, microfinance, SACCOs,
associations, welfare groups, community-based organisations, charity
among others are encouraged to do micro-insurance.

5. THANK YOU
© Alvine Korir