Key points of microinsurance (presented by hasib ahmed)

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Microinsurance is a risk management and social protection mechanism of poor and low-income people against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved.

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Key points of microinsurance (presented by hasib ahmed)

  1. 1. Presented by:Hasib AhmedDeputy Coordinator, DIISPPKSF, Dhaka, Bangladesh.
  2. 2. “Core Elements/Characteristics of Microinsurance” Insurance principles Accessibility Affordability Flexibility Simplicity
  3. 3. “Key Features of MicroinsuranceAcross the Insurance Value Chain” Target Market Product Design Marketing & Distribution Underwriting Administration Claims Handling Asset Management
  4. 4. Financial Inclusion Social Protection Commercial AspectMacroeconomic Stability
  5. 5. “Risk Management tool for the poor/low-income people” Health Financial Lifecycle Disaster
  6. 6. “Products are Designed According to Risk Category”Credit LifeTerm Life/Personal accidentSavings LifeProperty InsuranceEndowment LifeHealth InsuranceAgriculture
  7. 7. “Different Business Models for Microinsurance”DirectPartner AgentMutuals/Communities/CooperativesProviderTakafulPublic Private Partnership (PPP)
  8. 8. “Key Issues and ChallengesFaced by the Microinsurance Players” Demand Side Operational Risk Management Underwriting Distribution Market Infrastructure Regulatory Others

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