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.

1. Microinsurance overview Craig Churchill Microinsurance Innovation Facility International Labour Organization

2. Would you insure these houses?

3. Would you insure these farmers?

4. Would you insure these assets?

5. Or these?

6. Would you insure these lives?

7. Overview of Presentation Microinsurance stats and trends Examples of innovation Common mistakes

9. USD 257 million in premiums received in 2008

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

12. Four dimensions of value

13. Product Evolution

14. Overview of Presentation Microinsurance stats and trends Examples of innovation Common mistakes

15. Overview of the Facility’s Grantees see Grantee Community on www.ilo.org/microinsurance for details

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

19. Includes death and accident coverage based on account balance, irregular savings as low as USD 0.22

21. Benefits for lost wages, transportation, accommodation (not for medical expenses)

24. Family (up to 7 members) coverage: In-patient health, AD&D, loss of income due to accident, funeral expenses

25. Selling through MFIs, SACCOs and other cooperatives

27. Overview of Presentation Microinsurance trends and characteristics Examples of innovation Concluding thoughts

28. Common Mistakes(1)

29. Common Mistakes(2)

30. Thank you! Craig Churchill churchill@ilo.org Tel +41 22 799 6242 www.ilo.org/microinsurance