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.
Crisis, Microinsurance & Taobao Success by Layla Atya, Digital Transformation Manager - Insurance Markets, ELEKS.
The presentation focuses on crisis-driven insurance innovation. And the emergence of microinsurance and technologies that emboldened Chinese economic success.
Las microfinanzas son una importante herramienta que nos permite luchar contra la pobreza. Pero nunca podemos olvidar que cada persona, cada comunidad tiene necesidades distintas y por eso debemos adaptarlas a ellos.
Aquí os dejamos una breve introducción al proyecto de microseguros que hemos desarrollado desde CODESPA.
Modelo alianza expertos seg dth 160615Yesid Sayago
Este documento propone una alianza entre las compañías EXPERTOS SEGURIDAD y DTH SAS para ofrecer servicios de capacitación y entrenamiento a empresas. La alianza establecería esquemas de comisiones para asesores de ventas y un coordinador comercial, y segmentaría el mercado objetivo inicialmente en empresas medianas de Bogotá. El documento describe los pasos para analizar la alianza, establecer acuerdos, e implementarla técnicamente para comenzar la comercialización de los servicios.
Landscape of microinsurance in Sri Lanka 2016Vineet .
The microinsurance sector in Sri Lanka has grown in recent years, reaching 1.46 million policies issued in 2015 and accounting for 6.9% of the total population. Health insurance makes up a negligible portion of microinsurance policies due to being offered as an add-on to other products. Personal accident and life insurance account for nearly 98% of microinsurance coverage. While several insurers offer microinsurance, regulations do not distinguish microinsurance and many informal schemes operate outside insurance laws. Barriers to further growth include inadequate benefits from fragmented social security programs and a need for improved consumer education and regulation of the microinsurance sector.
En este estudio, se analiza el comercio electrónico entre empresas y consumidores finales (B2C) en España.
Dentro de este documento se podrá encontrar, entre otras, las estadísticas recogidas sobre las siguientes temáticas:
- Diagnóstico del comercio electrónico B2C y evolución frente al pasado ejercicio.
- Impulsores y frenos al desarrollo del comercio electrónico B2C.
- Madurez del B2C en España.
- Formas alternativas de comercio electrónico en el mercado residencial/doméstico.
Este documento discute las oportunidades que representa el dinero móvil para los operadores móviles, especialmente las transferencias de dinero entre personas de forma doméstica e internacional. Sin embargo, los operadores necesitan asociarse con socios comprometidos y contar con un marco regulatorio favorable, ya que por sí solos no podrán tener éxito. Los operadores tienen ventajas como sus relaciones con los clientes, su amplia red de agentes y su capacidad de soporte al cliente, pero requieren de asociaciones y un ambiente propicio para aprovechar plen
7 ways to reach insurance buyers in social mediaRallyverse
Let's all admit it at once: insurance policies, claims, underwriting and technology might not be the sexiest topics, and you'd be hard-pressed to find a lot of average folks willing to admit that they'd like to see more talk of it in their social media feeds. If you're a producer, you most likely don't have the luxury of filling space with Snoopy or gecko pictures, like a lot of the big guys, and you're well aware that people usually don't feel comfortable being sold to on social media.
A lot of producers seem to be scared—a study earlier this year revealed that only 34% of agencies are using Twitter and 46% are using LinkedIn. Even Facebook use by producers only sits at 65%. And for any producer who wants to be taken seriously in today's 24/7, always-on Twitter landscape, it's crucial to find the right balance — inform but don't bore, find new customers but don't bug, appear relevant but don't seem too eager, etc.
Here are several key ways to find and build new relationships on social media.
Este documento describe los microseguros y su potencial como mercado. Los microseguros son seguros similares a los convencionales pero dirigidos a personas de bajos ingresos. Cubren riesgos básicos como cosechas, decesos o salud. Aunque el mercado potencial es de 1.500-3.000 millones de personas, actualmente sólo se cubre al 5% globalmente. Mapfre ha desarrollado tecnologías para gestionar estos productos masivamente y pagar prestaciones rápido, innovando en canales de distribución para este
Crisis, Microinsurance & Taobao Success by Layla Atya, Digital Transformation Manager - Insurance Markets, ELEKS.
The presentation focuses on crisis-driven insurance innovation. And the emergence of microinsurance and technologies that emboldened Chinese economic success.
Las microfinanzas son una importante herramienta que nos permite luchar contra la pobreza. Pero nunca podemos olvidar que cada persona, cada comunidad tiene necesidades distintas y por eso debemos adaptarlas a ellos.
Aquí os dejamos una breve introducción al proyecto de microseguros que hemos desarrollado desde CODESPA.
Modelo alianza expertos seg dth 160615Yesid Sayago
Este documento propone una alianza entre las compañías EXPERTOS SEGURIDAD y DTH SAS para ofrecer servicios de capacitación y entrenamiento a empresas. La alianza establecería esquemas de comisiones para asesores de ventas y un coordinador comercial, y segmentaría el mercado objetivo inicialmente en empresas medianas de Bogotá. El documento describe los pasos para analizar la alianza, establecer acuerdos, e implementarla técnicamente para comenzar la comercialización de los servicios.
Landscape of microinsurance in Sri Lanka 2016Vineet .
The microinsurance sector in Sri Lanka has grown in recent years, reaching 1.46 million policies issued in 2015 and accounting for 6.9% of the total population. Health insurance makes up a negligible portion of microinsurance policies due to being offered as an add-on to other products. Personal accident and life insurance account for nearly 98% of microinsurance coverage. While several insurers offer microinsurance, regulations do not distinguish microinsurance and many informal schemes operate outside insurance laws. Barriers to further growth include inadequate benefits from fragmented social security programs and a need for improved consumer education and regulation of the microinsurance sector.
En este estudio, se analiza el comercio electrónico entre empresas y consumidores finales (B2C) en España.
Dentro de este documento se podrá encontrar, entre otras, las estadísticas recogidas sobre las siguientes temáticas:
- Diagnóstico del comercio electrónico B2C y evolución frente al pasado ejercicio.
- Impulsores y frenos al desarrollo del comercio electrónico B2C.
- Madurez del B2C en España.
- Formas alternativas de comercio electrónico en el mercado residencial/doméstico.
Este documento discute las oportunidades que representa el dinero móvil para los operadores móviles, especialmente las transferencias de dinero entre personas de forma doméstica e internacional. Sin embargo, los operadores necesitan asociarse con socios comprometidos y contar con un marco regulatorio favorable, ya que por sí solos no podrán tener éxito. Los operadores tienen ventajas como sus relaciones con los clientes, su amplia red de agentes y su capacidad de soporte al cliente, pero requieren de asociaciones y un ambiente propicio para aprovechar plen
7 ways to reach insurance buyers in social mediaRallyverse
Let's all admit it at once: insurance policies, claims, underwriting and technology might not be the sexiest topics, and you'd be hard-pressed to find a lot of average folks willing to admit that they'd like to see more talk of it in their social media feeds. If you're a producer, you most likely don't have the luxury of filling space with Snoopy or gecko pictures, like a lot of the big guys, and you're well aware that people usually don't feel comfortable being sold to on social media.
A lot of producers seem to be scared—a study earlier this year revealed that only 34% of agencies are using Twitter and 46% are using LinkedIn. Even Facebook use by producers only sits at 65%. And for any producer who wants to be taken seriously in today's 24/7, always-on Twitter landscape, it's crucial to find the right balance — inform but don't bore, find new customers but don't bug, appear relevant but don't seem too eager, etc.
Here are several key ways to find and build new relationships on social media.
Este documento describe los microseguros y su potencial como mercado. Los microseguros son seguros similares a los convencionales pero dirigidos a personas de bajos ingresos. Cubren riesgos básicos como cosechas, decesos o salud. Aunque el mercado potencial es de 1.500-3.000 millones de personas, actualmente sólo se cubre al 5% globalmente. Mapfre ha desarrollado tecnologías para gestionar estos productos masivamente y pagar prestaciones rápido, innovando en canales de distribución para este
Este documento describe un programa de seguros masivos que tiene como objetivo implementar diversos productos de seguro accesibles para los socios de una cooperativa en Ecuador. El programa busca ofrecer seguros de vida, asistencia médica, seguros de vehículos, casa y otros riesgos a través de canales masivos para mejorar el acceso a la protección del patrimonio de los socios. Algunos de los productos iniciales son seguro de vida con desgravamen de deudas, asistencia médica ambulatoria y seguros agrícolas.
Este documento presenta información sobre innovación social en la formación de profesionales de humanidades y educación en la Universidad Tecnológica de Chile INACAP Sede Puente Alto. Describe proyectos de vinculación con la comunidad como nodos comunitarios y alianzas estratégicas con municipalidades e instituciones para proveer servicios y prácticas a estudiantes. También presenta un estudio de caso sobre una encuesta aplicada en coordinación con una fundación y el análisis de resultados entregado a la comunidad. El objetivo es formar profes
El documento describe el desarrollo de las microfinanzas en Chile, con un enfoque en el Fondo Esperanza. Las microfinanzas han permitido que más de 338,000 emprendedores accedan a créditos. El Fondo Esperanza atiende a más de 100,000 clientes a través de 54 oficinas. El modelo del Fondo Esperanza se centra en el desarrollo humano a través de productos y servicios microfinancieros integrales, y ha demostrado tener un impacto positivo en el desarrollo del negocio, el bien
Este documento describe varios enfoques innovadores para abordar la pobreza y la exclusión social en Chile, incluyendo el modelo "Vivienda Primero" y los "Bancos Comunales" que brindan apoyo a personas en situación de calle. También presenta iniciativas como "Trato Hecho Vecino" que buscan promover la solidaridad comunitaria y apoyar emprendimientos sociales liderados por grupos locales. El documento argumenta que es importante adoptar una perspectiva que ponga a las personas en el centro y promueva su autoría para log
El documento habla sobre el emprendimiento como motor del desarrollo social en Chile. Resalta que Chile es un país emprendedor según datos como que el 73% de los emprendimientos se deben a oportunidades y el 85% usan recursos propios. Sin embargo, señala que esto sólo resuelve un problema técnico y lo verdaderamente relevante es cómo logramos un desarrollo social colectivo. Propone centrarse en los emprendedores que piensan y hacen diferente con energía transformadora, ya que emprender se trata de los sueños
Presentaciòn en Asamblea Annual - 2016 FarmaopticsHaiku Media
El documento describe las principales tendencias en el negocio de la óptica y el comportamiento del consumidor en la era digital. Señala que el comercio minorista es uno de los sectores que más cambiará debido a la disrupción digital, con el 40% de las empresas tradicionales siendo reemplazadas en los próximos 5 años. También destaca que las compras desde smartphones se están volviendo cruciales y pronto superarán a otros dispositivos, y que los consumidores buscan sentirse parte de una comunidad a través de las redes sociales.
Este documento es una lista de periodistas convocados a una conferencia de prensa de PRONAFIM sobre su plan de expansión nacional de microseguros. La lista incluye los nombres de más de 50 periodistas de varios medios de comunicación mexicanos como periódicos, radio, televisión y sitios de noticias financieras. Algunos periodistas ya habían sido invitados previamente por PRONAFIM.
La campaña DUO ofrece seguros de vida y accidentes con descuentos del 20-30% y coberturas adicionales como por infarto, derrame cerebral, gastos de acondicionamiento por invalidez, y quintuplicación del capital por accidente. Los interesados pueden obtener más información y una propuesta personalizada contactando a la agencia Andrade & Iranzo en Zaragoza.
El documento describe un proyecto de seguros agrícolas en Paraguay llevado a cabo por Tajy y La Segunda. El propósito es desarrollar seguros que protejan a los agricultores paraguayos de pérdidas de cosechas debido al clima. Se detalla un plan de trabajo en fases que incluye capacitación, desarrollo de productos, y comercialización con el objetivo de consolidar a Tajy como la principal aseguradora del sector cooperativo agropecuario en Paraguay.
Este documento resume varios aspectos culturales de América Latina, incluyendo la música (salsa, merengue, bachata, reggaetón), la religión (predominio del catolicismo), el idioma (predominio del castellano), la política (sistemas presidenciales), y la pasión por el fútbol.
Innovación para la inclusión financieraFundación Afi
Presentación de Álvaro Martín Enríquez, de la Fundación Afi, en la II Jornada sobre inclusión financiera y desarrollo organizada el 26 de octubre de 2010 en Madrid.
Este documento describe una red de empresarios latinoamericanos que busca promover la cooperación regional. Discuten los componentes de un plan regional de seguros que brindaría cobertura a empresas multilatinas en 17 países de la región. También analizan las tendencias hacia programas globales de seguros y los beneficios de los microseguros para las empresas y la población de bajos ingresos.
El documento describe diferentes métodos para vender seguros en Internet, incluyendo comparadores de seguros, asesores de seguros, intervención de flujos y marketing directo o contextual. Analiza las ventajas y desventajas de cada método y concluye discutiendo el futuro de la industria de seguros y cómo las compañías están vendiendo seguros en la actualidad.
The document provides an industry analysis of the insurance sector in India. It discusses the types of insurance available in India and the key regulatory authority and companies in the sector. Some of the main factors that affect the insurance industry are inflation, deflation, economic policies, and competition. The insurance industry in India has experienced significant growth in online purchases and is projected to continue growing due to demographic and economic factors. The overall size of the life and general insurance markets in India is also growing.
Este documento describe la transición del marco regulatorio de solvencia en México de "Solvencia I" a "Solvencia II", incluyendo: 1) La asimilación del sentido técnico y los nuevos procedimientos de cálculo en la estimación de reservas técnicas y el requerimiento de capital de solvencia; 2) La importancia de la operación efectiva del sistema de gobierno corporativo; y 3) La internalización del proceso de administración de riesgos como parte del sistema de gobierno corporativo y gestión del negocio. El nuevo marco
Joseph Alaban from RIMANSI Organization for Asia and the Pacific, Inc speaks about Microfinance and Micro-insurance. (Jan 30, PACAP Community Development Forum: Microfinance Amidst the Global Financial Crisis)
The document discusses risk management in the insurance sector. It covers topics such as how global events have forced insurers to improve risk management of assets and liabilities. It also discusses how insurers utilize derivatives to hedge risks. The document outlines the process of risk management, including identification, measurement, monitoring and controlling of financial risks. It provides examples of risk assessment and management at an insurance company. It discusses emerging challenges for the insurance industry and key areas of risk management and insurance planning.
Insurance is one of the emerging concepts in the recent period which involves huge investments in
Socio economic developments. The term "Micro insurance" first appeared as a new financial
service within microfinance and then developed into a sector of its own. Hence this paper discusses
the concepts of micro insurance in general.
Insurance is one of the emerging concepts in the recent period which involves huge investments in
Socio economic developments. The term "Micro insurance" first appeared as a new financial
service within microfinance and then developed into a sector of its own. Hence this paper discusses
the concepts of micro insurance in general.
Developing Marketing and Managing Microinsurance 2MABSIV
The document discusses developing, marketing, and managing micro-insurance products and partnerships. It describes different types of insurance providers and intermediaries that can be involved. The intermediary model is explained where an intermediary like MicroEnsure negotiates with insurance companies on behalf of clients. Important factors for establishing partnerships with micro-insurance providers are discussed, like product development, transaction costs, administration, and staff training. Innovations in insurance product design and marketing to the poor are also covered.
Este documento describe un programa de seguros masivos que tiene como objetivo implementar diversos productos de seguro accesibles para los socios de una cooperativa en Ecuador. El programa busca ofrecer seguros de vida, asistencia médica, seguros de vehículos, casa y otros riesgos a través de canales masivos para mejorar el acceso a la protección del patrimonio de los socios. Algunos de los productos iniciales son seguro de vida con desgravamen de deudas, asistencia médica ambulatoria y seguros agrícolas.
Este documento presenta información sobre innovación social en la formación de profesionales de humanidades y educación en la Universidad Tecnológica de Chile INACAP Sede Puente Alto. Describe proyectos de vinculación con la comunidad como nodos comunitarios y alianzas estratégicas con municipalidades e instituciones para proveer servicios y prácticas a estudiantes. También presenta un estudio de caso sobre una encuesta aplicada en coordinación con una fundación y el análisis de resultados entregado a la comunidad. El objetivo es formar profes
El documento describe el desarrollo de las microfinanzas en Chile, con un enfoque en el Fondo Esperanza. Las microfinanzas han permitido que más de 338,000 emprendedores accedan a créditos. El Fondo Esperanza atiende a más de 100,000 clientes a través de 54 oficinas. El modelo del Fondo Esperanza se centra en el desarrollo humano a través de productos y servicios microfinancieros integrales, y ha demostrado tener un impacto positivo en el desarrollo del negocio, el bien
Este documento describe varios enfoques innovadores para abordar la pobreza y la exclusión social en Chile, incluyendo el modelo "Vivienda Primero" y los "Bancos Comunales" que brindan apoyo a personas en situación de calle. También presenta iniciativas como "Trato Hecho Vecino" que buscan promover la solidaridad comunitaria y apoyar emprendimientos sociales liderados por grupos locales. El documento argumenta que es importante adoptar una perspectiva que ponga a las personas en el centro y promueva su autoría para log
El documento habla sobre el emprendimiento como motor del desarrollo social en Chile. Resalta que Chile es un país emprendedor según datos como que el 73% de los emprendimientos se deben a oportunidades y el 85% usan recursos propios. Sin embargo, señala que esto sólo resuelve un problema técnico y lo verdaderamente relevante es cómo logramos un desarrollo social colectivo. Propone centrarse en los emprendedores que piensan y hacen diferente con energía transformadora, ya que emprender se trata de los sueños
Presentaciòn en Asamblea Annual - 2016 FarmaopticsHaiku Media
El documento describe las principales tendencias en el negocio de la óptica y el comportamiento del consumidor en la era digital. Señala que el comercio minorista es uno de los sectores que más cambiará debido a la disrupción digital, con el 40% de las empresas tradicionales siendo reemplazadas en los próximos 5 años. También destaca que las compras desde smartphones se están volviendo cruciales y pronto superarán a otros dispositivos, y que los consumidores buscan sentirse parte de una comunidad a través de las redes sociales.
Este documento es una lista de periodistas convocados a una conferencia de prensa de PRONAFIM sobre su plan de expansión nacional de microseguros. La lista incluye los nombres de más de 50 periodistas de varios medios de comunicación mexicanos como periódicos, radio, televisión y sitios de noticias financieras. Algunos periodistas ya habían sido invitados previamente por PRONAFIM.
La campaña DUO ofrece seguros de vida y accidentes con descuentos del 20-30% y coberturas adicionales como por infarto, derrame cerebral, gastos de acondicionamiento por invalidez, y quintuplicación del capital por accidente. Los interesados pueden obtener más información y una propuesta personalizada contactando a la agencia Andrade & Iranzo en Zaragoza.
El documento describe un proyecto de seguros agrícolas en Paraguay llevado a cabo por Tajy y La Segunda. El propósito es desarrollar seguros que protejan a los agricultores paraguayos de pérdidas de cosechas debido al clima. Se detalla un plan de trabajo en fases que incluye capacitación, desarrollo de productos, y comercialización con el objetivo de consolidar a Tajy como la principal aseguradora del sector cooperativo agropecuario en Paraguay.
Este documento resume varios aspectos culturales de América Latina, incluyendo la música (salsa, merengue, bachata, reggaetón), la religión (predominio del catolicismo), el idioma (predominio del castellano), la política (sistemas presidenciales), y la pasión por el fútbol.
Innovación para la inclusión financieraFundación Afi
Presentación de Álvaro Martín Enríquez, de la Fundación Afi, en la II Jornada sobre inclusión financiera y desarrollo organizada el 26 de octubre de 2010 en Madrid.
Este documento describe una red de empresarios latinoamericanos que busca promover la cooperación regional. Discuten los componentes de un plan regional de seguros que brindaría cobertura a empresas multilatinas en 17 países de la región. También analizan las tendencias hacia programas globales de seguros y los beneficios de los microseguros para las empresas y la población de bajos ingresos.
El documento describe diferentes métodos para vender seguros en Internet, incluyendo comparadores de seguros, asesores de seguros, intervención de flujos y marketing directo o contextual. Analiza las ventajas y desventajas de cada método y concluye discutiendo el futuro de la industria de seguros y cómo las compañías están vendiendo seguros en la actualidad.
The document provides an industry analysis of the insurance sector in India. It discusses the types of insurance available in India and the key regulatory authority and companies in the sector. Some of the main factors that affect the insurance industry are inflation, deflation, economic policies, and competition. The insurance industry in India has experienced significant growth in online purchases and is projected to continue growing due to demographic and economic factors. The overall size of the life and general insurance markets in India is also growing.
Este documento describe la transición del marco regulatorio de solvencia en México de "Solvencia I" a "Solvencia II", incluyendo: 1) La asimilación del sentido técnico y los nuevos procedimientos de cálculo en la estimación de reservas técnicas y el requerimiento de capital de solvencia; 2) La importancia de la operación efectiva del sistema de gobierno corporativo; y 3) La internalización del proceso de administración de riesgos como parte del sistema de gobierno corporativo y gestión del negocio. El nuevo marco
Joseph Alaban from RIMANSI Organization for Asia and the Pacific, Inc speaks about Microfinance and Micro-insurance. (Jan 30, PACAP Community Development Forum: Microfinance Amidst the Global Financial Crisis)
The document discusses risk management in the insurance sector. It covers topics such as how global events have forced insurers to improve risk management of assets and liabilities. It also discusses how insurers utilize derivatives to hedge risks. The document outlines the process of risk management, including identification, measurement, monitoring and controlling of financial risks. It provides examples of risk assessment and management at an insurance company. It discusses emerging challenges for the insurance industry and key areas of risk management and insurance planning.
Insurance is one of the emerging concepts in the recent period which involves huge investments in
Socio economic developments. The term "Micro insurance" first appeared as a new financial
service within microfinance and then developed into a sector of its own. Hence this paper discusses
the concepts of micro insurance in general.
Insurance is one of the emerging concepts in the recent period which involves huge investments in
Socio economic developments. The term "Micro insurance" first appeared as a new financial
service within microfinance and then developed into a sector of its own. Hence this paper discusses
the concepts of micro insurance in general.
Developing Marketing and Managing Microinsurance 2MABSIV
The document discusses developing, marketing, and managing micro-insurance products and partnerships. It describes different types of insurance providers and intermediaries that can be involved. The intermediary model is explained where an intermediary like MicroEnsure negotiates with insurance companies on behalf of clients. Important factors for establishing partnerships with micro-insurance providers are discussed, like product development, transaction costs, administration, and staff training. Innovations in insurance product design and marketing to the poor are also covered.
Developing, Marketing, and Managing Micro-Insurance Products and PartnersMABSIV
The document discusses developing, marketing, and managing micro-insurance products and partnerships. It describes different types of micro-insurance providers and intermediaries. It also outlines MicroEnsure's intermediary model, with the intermediary negotiating with insurance companies on behalf of clients. Key factors for establishing partnerships with micro-insurance providers are discussed, including product development, transaction costs, administration, and staff training. The document concludes by describing some innovative micro-insurance products and the marketing of micro-insurance services through education.
An introductory presentation on microinsurances as a way to reduce poverty and vulnerabilities. Covers
1. general principles and approaches of microninsurances, including the linkage to poverty reduction and vulnerability; and
2. the value chains, actors and networks involved in making microinsurances work.
Held at a summer school on Development Policy at the University of Cologne in September 2009 (http://www.lateinamerika.uni-koeln.de/summerschool2009.html). It targets students with a general knowledge of development economics and politics (but without prior knowledge of microinsurances). In the seminar, the presentation was the frame for work sessions on microinsurance case studies (from CGAP), texts from the Microinsurance Compendium and a one-day country workshop on Colombia to which Jenny Hennig, GTZ, gave an additional input. Details on the course are available on request to martin.herrndorf@oikos-international.org.
This document discusses micro-insurance practices and prospects in India. It defines micro-insurance and outlines fundamental insurance principles. It describes various micro-insurance product types including loan-linked insurance, health insurance, and long-term insurance. It discusses the micro-insurance supply chain and regulatory framework in India. It also analyzes trends in the Indian micro-insurance industry, including the growing use of bancassurance and savings-linked products. The document concludes by suggesting ways that MicroSave could provide technical assistance and research to further develop the micro-insurance sector.
Microinsurance provides insurance protection to low-income individuals in India against risks such as death, illness, asset damage, and natural disasters. It began in India through non-profit organizations and hospitals but has expanded due to regulations requiring insurers to offer rural and social policies. While uptake is still limited, the potential market size is large as 90% of Indians lack insurance. Common microinsurance products in India include life, health, property, crop and disaster policies. These are offered through various models including partner-agent, full-service, provider-driven and community-based. Recently, IRDA proposed expanding microinsurance by allowing more agent types and diversifying products with savings and health features to better serve low-income communities.
This document discusses micro insurance as a tool for poverty alleviation and managing vulnerability in Bangladesh. It defines key terms like microfinance, micro insurance, poverty and vulnerability. It describes the history and necessity of micro insurance and the major risks faced by micro insurance companies and the poor, such as agricultural, health and life risks. It discusses different models for delivering micro insurance and the challenges. It explains how micro insurance can help reduce poverty and vulnerability by providing protection from risks. Finally, it outlines some common micro insurance products offered.
The document discusses microinsurance and intermediaries in microinsurance. It describes different types of microinsurance providers and intermediaries, and their roles. It also outlines several microinsurance delivery models including partner-agent, mutuality, direct sales, and community-based models. Finally, it discusses the intermediary model in more detail and provides examples of how MicroEnsure Philippines works as an intermediary to establish partnerships between microinsurance providers and organizations serving the poor.
Protecting pastoralists against mortality losses due to severe forage scarcityILRI
Presented by Andrew Mude at the Workshop on The Future of Pastoralism in Africa: International Conference to Debate Research Findings and Policy Options, Addis Ababa, 21-23 March 2011.
Introduction to microinsurance, description of the users needs, difference between traditional insurance and microinsurance and presentation of key challenges.
Micro insurance aims to protect low-income populations from risks through affordable premiums and limited coverage. However, penetration remains low due to challenges including high costs, lack of data, and unappealing products. Innovation is needed in products, distribution channels, and technology to better meet customer needs and drive growth. Examples from other countries demonstrate innovative approaches like bundling insurance with goods or mobile payments. For micro insurance to succeed, products must balance social and financial objectives through community involvement and simple claims processes.
Microinsurance provides affordable insurance policies to low-income and vulnerable populations in India. It is regulated by IRDAI and policies have a maximum sum assured of Rs. 50,000. There are general microinsurance policies that cover health, accidents, and property, as well as life microinsurance policies that are term or endowment plans. Microinsurance gives these populations an opportunity to manage financial risks from events like illness, death, or property damage. It can help safeguard their savings and provide security. However, microinsurance is still nascent in India and faces challenges in reaching rural populations and ensuring proper management of pooled resources and claims processing.
As part of the global agenda of insuring for sustainable development, the Impact Insurance Facility (www.impactinsurance.org) and the PSI Initiative (www.unepfi.org/psi) are organizing a webinar series with the theme, “Making inclusive insurance work”. The fourth webinar had the topic "SMEs and value chains" and was held on 16 March 2017.
Speakers: Jeremy Gray (Cenfri) and Nick Smith (AXA). Moderator: Alice Merry (ILO's Impact Insurance Facility).
Luis Huerta (Seguros Argos) and Mary Yang (Microinsurance Innovation Facility, ILO) present on the topic of Private Sector Insurers and Microinsurance in Tallinn, Estonia – May 2009.
This document discusses microinsurance as a tool for uplifting rural India. It begins by defining microinsurance as low-premium, low-coverage insurance designed for low-income individuals. The development of microinsurance in India is then outlined, noting its historical roots in NGO programs and current regulatory framework established by IRDA. Several studies on microinsurance are reviewed showing positive impacts on poverty reduction. The objectives and need for the study are stated as understanding microinsurance's importance for rural poor and initiatives by private and public insurers. Key features of IRDA's microinsurance regulations are described. Data is presented showing growth in microinsurance agents, with LIC leading private insurers. Overall, the document analyzes microinsurance's potential role
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Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
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CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
3. “Key Features of Microinsurance
Across the Insurance Value Chain”
Target Market
Product Design
Marketing & Distribution
Underwriting
Administration
Claims Handling
Asset Management
4. Financial Inclusion
Social Protection
Commercial Aspect
Macroeconomic Stability
5. “Risk Management tool for the
poor/low-income people”
Health
Financial
Lifecycle
Disaster
6. “Products are Designed
According to Risk Category”
Credit Life
Term Life/Personal accident
Savings Life
Property Insurance
Endowment Life
Health Insurance
Agriculture
7. “Different Business Models for
Microinsurance”
Direct
Partner Agent
Mutuals/Communities/Cooperatives
Provider
Takaful
Public Private Partnership (PPP)
8. “Key Issues and Challenges
Faced by the Microinsurance
Players”
Demand Side
Operational Risk Management
Underwriting
Distribution
Market
Infrastructure
Regulatory
Others