The Problems Being Faced By Insurance Agency OwnersCogneesol
Insurance business owners face a number of challenges which hit their business performance. Check out this Cogneesol presentation that describes the major issues faced by insurance agency owners and the recommendations to avoid these issues.
The Problems Being Faced By Insurance Agency OwnersCogneesol
Insurance business owners face a number of challenges which hit their business performance. Check out this Cogneesol presentation that describes the major issues faced by insurance agency owners and the recommendations to avoid these issues.
The sustainability of agriculture insurance programmes relies primarily on reaching scale and controlling the costs of distribution. With this in mind, insurers are designing meso-level insurance policies that cover the entire portfolio of an aggregator. But while there are promising gains, there is still much to learn from implementing these solutions to achieve scale and efficiency.
Jointly organized by the Global Index Insurance Facility and the ILO’s Impact Insurance Facility, this webinar discussed opportunities and challenges in meso-level distribution. It presented diverse viewpoints on aggregate distribution and portfolio covers and the roles of various stakeholders. It highlighted experiences of scaling up and how such initiatives impact customer understanding and client value.
The current book provides and analyse the existing insurance market in India. It is a throughout study of Indian insurance with exact data archived from IRDA and Trustworthy Financial institute of India.
This book Provides the complete specification and integration required to reach the vision 2025 in prudent understanding.
Designing Incentive Schemes In The GCC - S Bardot 2011Sandrine Bardot
I presented this topic in March at the Institute of Directors in Dubai. It covers some specifics of incentives in the GCC, Sales incentives and LTIPs as well as a brief comment on governance in the UAE
Planning for the old age when the ability to earn diminishes while the expenses to live a dignified and healthy life start rising is of utmost importance.
What Businesses Can Do To Stay Resilient During COVID-19InCorp Global
With the COVID-19 pandemic affecting the economy worldwide, Singapore’s GDP growth is currently at the weakest since the 2008 financial crisis.
Check out what businesses can do to stay resilient during COVID-19 at www.incorp.asia.
ITShades.com has been founded with
singular aim of engaging and
enabling the best and brightest of
businesses, professionals and
students with opportunities,
learnings, best practices,
collaboration and innovation from IT
industry.
This document brings together a set
of latest data points and publicly
available information relevant for
Insurance Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
The sustainability of agriculture insurance programmes relies primarily on reaching scale and controlling the costs of distribution. With this in mind, insurers are designing meso-level insurance policies that cover the entire portfolio of an aggregator. But while there are promising gains, there is still much to learn from implementing these solutions to achieve scale and efficiency.
Jointly organized by the Global Index Insurance Facility and the ILO’s Impact Insurance Facility, this webinar discussed opportunities and challenges in meso-level distribution. It presented diverse viewpoints on aggregate distribution and portfolio covers and the roles of various stakeholders. It highlighted experiences of scaling up and how such initiatives impact customer understanding and client value.
The current book provides and analyse the existing insurance market in India. It is a throughout study of Indian insurance with exact data archived from IRDA and Trustworthy Financial institute of India.
This book Provides the complete specification and integration required to reach the vision 2025 in prudent understanding.
Designing Incentive Schemes In The GCC - S Bardot 2011Sandrine Bardot
I presented this topic in March at the Institute of Directors in Dubai. It covers some specifics of incentives in the GCC, Sales incentives and LTIPs as well as a brief comment on governance in the UAE
Planning for the old age when the ability to earn diminishes while the expenses to live a dignified and healthy life start rising is of utmost importance.
What Businesses Can Do To Stay Resilient During COVID-19InCorp Global
With the COVID-19 pandemic affecting the economy worldwide, Singapore’s GDP growth is currently at the weakest since the 2008 financial crisis.
Check out what businesses can do to stay resilient during COVID-19 at www.incorp.asia.
ITShades.com has been founded with
singular aim of engaging and
enabling the best and brightest of
businesses, professionals and
students with opportunities,
learnings, best practices,
collaboration and innovation from IT
industry.
This document brings together a set
of latest data points and publicly
available information relevant for
Insurance Industry. We are very
excited to share this content and
believe that readers will benefit from
this periodic publication immensely.
Understanding the Next Product Job Up (and Getting Promoted)Rich Mironov
ProductCamp London, 8Feb2014: a talk/discussion about how larger companies tier their product mgmt roles (individual contributor PM, director, VP), ideas about what they each to, and conversation about deciding if you want that promotion.how to signal that you do.
Projeto ForestWatchers (por Álvaro Fazenda)Felipe Fonseca
Apresentação de Álvaro L. Fazenda na mesa Territórios e conhecimento do Painel Ciência Aberta, durante o Tropixel Ciência Aberta em junho de 2015, organizado em Ubatuba/SP.
Territórios em Disputa: jogo compartilhado entre técnicos e residentes (por E...Felipe Fonseca
Apresentação de Eliane Simões durante a Mesa Territórios e Conhecimento no Painel Ciência Aberta, parte da programação do Tropixel Ciência Aberta em 03/06/2015.
1. Leasing Industry in Uganda The Ugandan leasing industry is scareyshaunda
1. Leasing Industry in Uganda
The Ugandan leasing industry is still in its infancy. Leasing represents less than one percent of private sector capital formation (approximately 5% of total private sector credit) in Uganda as compared to the average of 14% in emerging markets and 31% in USA. X Company Leasing controls over 85% of the Ugandan leasing market. The Company recognizes the growth potential of leasing and acts as a catalyst to grow the entire industry by:
• Expanding its own profitable operations;
• Educating the marketplace;
• Creating a more effective legal and fiscal environment;
• And, promoting financial sector development by lobbying for new instruments.
There are considerable benefits to making leasing available in a developing economy, as well as challenges. The rationale for leasing is highlighted in the following table:
Table 1. The Case for Leasing
Benefits to Small and Medium Sized Enterprises (SMEs)
Accessibility:
Leasing can allow new businesses with limited capital and credit history or small businesses without a history of financial statements to quickly boost their operations, as long as the cash flow from operations is sufficient to cover the lease service payments. It is not a direct substitute for lending since it does not directly increase operating capital, but when it enables the borrower to avoid using operating capital to purchase an asset, it can have similar results. Security Since lessors own the assets and use the leased asset as the primary security, SMEs can still be eligible for the lease financing when bank loans would not be available.
Duration
: SMEs often have no access to long-term financing (over one year). Leases can provide longer duration financing, often with terms from one to five years.
Payment terms:
Lease payments can be structured to mirror individual cash flow patterns of the lessee in contrast to bank loans, which have standardized repayment schedules.
Process time:
Owing to the collateral-backed nature of the financing, less analysis is required of the customer’s credit worthiness, assets or capital base; less time is needed for assigning other collateral; and, simpler documentation can be used. (This may be countered by the time it takes to acquire the assets, usually from foreign vendors).
Benefits to Lessors
Security:
Since lessors own the assets and can repossess them immediately upon
non-payment, the security is easier to claim than when the financier has to chase after a client’s collateral, often through poorly developed court systems.
Funds usage
: Because the lessor purchases equipment and then leases it there is no opportunity for the lessee to use the funds for other purposes.
Benefits to Financial Sector Development
Cash flow based lending:
Moves the financial industry to rely more on cash flow based lending than on credit history and formal historical financial records.
Diversification:
Broadens product range and competitio ...
IKnowAfrica consists of business and financial advisory consultants dedicated to solving the issue of access to capital faced by virtually all small and medium sized organizations in Africa. The firm is incorporated in Delaware, USA, as well as in Lagos, Nigeria, and its’ consultants reside in both countries.
Brief study on financial health/goal of Vodafone IdeaAjayVerma335
This Assignment project is based on financial goal/health of a particular company i.e. Vodafone Idea.
This project has covered all the aspects related to financial strategies of vodafone Idea, its perspective, etc.
MSC presents a report to understand and assess the impact of the pandemic on the FinTech ecosystem. It also focuses on how the FinTech ecosystem has progressed and adapted to the new normal.
Pendant les deux derniers jours du Forum, le Ministère a eu l'occasion d'écouter les recommandations faites par les dirigeants des coopératives et par les experts du développement des coopératives. Voici la présentation synthétisant les réponses fournies par le MIDSP au Forum. Pour plus d'info http://bit.ly/2mMLoo2
Le Dr. Nicola Francesconi, conseiller technique sénior au CTA, a coordiné l'organisation du Forum des coopératives malgaches, qui s'est tenu du 13 au 17 février 2017. Plus d'infos : http://bit.ly/2mMLoo2
Tovo Aina Andriamampionona et Nirina Razafimanantsoa, élus porte-paroles par les membres des coopératives participantes au Forum des coopératives malgaches, ont résumé les principaux problèmes auxquels les coopératives sont confrontées. Plus d'infos : http://bit.ly/2mMLoo2
This document outlines some of the key action points discussed at the workshop held in February 2017. More information about the workshop: http://bit.ly/2lt7Vbf More information about the impact of open data for agriculture and nutrition: http://bit.ly/2lyjJqW
Have you ever wondered how search works while visiting an e-commerce site, internal website, or searching through other types of online resources? Look no further than this informative session on the ways that taxonomies help end-users navigate the internet! Hear from taxonomists and other information professionals who have first-hand experience creating and working with taxonomies that aid in navigation, search, and discovery across a range of disciplines.
This presentation by Morris Kleiner (University of Minnesota), was made during the discussion “Competition and Regulation in Professions and Occupations” held at the Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found out at oe.cd/crps.
This presentation was uploaded with the author’s consent.
0x01 - Newton's Third Law: Static vs. Dynamic AbusersOWASP Beja
f you offer a service on the web, odds are that someone will abuse it. Be it an API, a SaaS, a PaaS, or even a static website, someone somewhere will try to figure out a way to use it to their own needs. In this talk we'll compare measures that are effective against static attackers and how to battle a dynamic attacker who adapts to your counter-measures.
About the Speaker
===============
Diogo Sousa, Engineering Manager @ Canonical
An opinionated individual with an interest in cryptography and its intersection with secure software development.
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...Orkestra
UIIN Conference, Madrid, 27-29 May 2024
James Wilson, Orkestra and Deusto Business School
Emily Wise, Lund University
Madeline Smith, The Glasgow School of Art
Acorn Recovery: Restore IT infra within minutesIP ServerOne
Introducing Acorn Recovery as a Service, a simple, fast, and secure managed disaster recovery (DRaaS) by IP ServerOne. A DR solution that helps restore your IT infra within minutes.
2. Background- aBiTrust
aBiTrust(Agricultural Business InitiativeTrust)
was jointly founded by the Governments of
Uganda and Denmark in 2010 with a multi-
donor backing.
Objective-To strengthen the competitiveness
of Uganda’s agricultural and agro-processing
sector.
3. Background- aBi Finance
aBi Finance Limited (formerly called
Agribusiness Loan Guarantee Company)
investment arm of aBi Trust that
financing for agribusiness development
more commercial manner.
Focuses on risk management and
investment to ensure sustainability of
Trust.
4. aBi Finance Products
i. Lines of Credit for on lending to
Agribusinesses
ii. Guarantee Schemes (the Agribusiness
Loan and Construction Guarantee
Schemes)
iii. Fund Management
aBi Finance basically supports Financial
Institutions to reach the ultimate
agribusiness beneficiaries.
This presentation shall focus on Guarantee
Schemes, particularly the ALGS.
5. Basic Guarantee Features- Construction
Guarantee Scheme
CrossRoads (DFID project) partnered with aBi to deliver the
ConstructionGuarantee Scheme because:
i. Already had relationships with a range of FIs;
ii. Demonstrated reliability and experience in managing funds from
several development partners;
iii. Exhibited strong governance;
iv. Had a mission consistent with the objectives of the CGF.
Covers - Bid, Performance Bonds & Advance Payment
Guarantees (50% of loss -principal outstanding only)
True Risk Sharing between FI & aBi Finance
Summarily operate scheme according to the Guarantees
operations manual used for ALG, with a few exceptions which
are highlighted.
6. Basic Guarantee Features-
Agribusiness SMEs
Agricultural Sector and support structures -
Businesses at any stage of the value
chain from Input supply to Production
to Retailer’s shelf.
SME’s with a maximum of:
50 staff;
USD $ 300,000 Balance Sheet Size;
USD $ 400,000 Annual sales turnover
Any two (2) of the above three (3) qualifies
Maximum Facility USD $200,000 (Up to USD
$ 1Million exceptionally).
7. GuaranteeTerms
Cover for up to 50% of principle outstanding.
Maximum total amount granted to FIs
determined by application and due diligence.
Maximum tenure of Guarantee – same applies
True Risk Sharing by Guaranteed party – At any
point in time, risk is shared between the FI & aBi
Finance.
No rescheduling of loans without notification.
Utilization Fee ranging between 0.75%- 1% per
annum of the Guarantee limit.
8. Eligibility Criteria
Applicant must be an FI legally registered in
Uganda across variousTiers;
Must have at least 3% of its loan portfolio in
Agribusiness lending;
Have a branch network outside City (Kampala);
Should be able to present 3 years audited
Financial Statements for DD;
Must comply with regulatory financial
covenants.
9. Innovative approaches of aBi
1. The ownership and governance set up
allows more flexibility of operation and
accountability to stakeholders.
2. Coexistence with aBi Trust, which
addresses specific gaps identified during
FI due diligence, throughTA.
3. Focus on commercial viability and
sustainability through fund
management.
4. Other products offered enhance the
relationships with FIs.
5. Partnership with like minded
organizations.
10. Statistics
Value of New Guarantees granted since
2010-2013 - USD 63M
Number of New Guarantees granted since
2010-2013 - 63,026
Leverage as at 31st December 2013 – 99%
Claims payout ratio 2010-2013 – 0.4%
AverageYield on investment (2010-2013)-
13.62%
Fees charged on Guarantee limit and not
utilization – 0.75%-1%.
11. Statistics
Subsectors served – Coffee, Bananas,
Maize, Sugarcane, Oilseeds, Horticulture,
Dairy, Beef, Poultry, Pulses and Cereals, as
well as support services like transporters,
veterinary services.
Number of FIs on scheme grew from 5 in
2010 to 12 in 2013 whose clients are
representative of actors in each part of the
value chain.
1 Development Bank, 8 are Commercial
Banks, 2 are Credit Institutions and 2 are
Microfinances.
12. aBi Finance ImpactAssessment 2010-2013
aBi Finance was taken over by aBi Trust to achieve the
following targets:
i. Double agriculture’s share of the participating
FI’s loan portfolio;
ii. Increase term lending to SME agribusinesses
threefold;
iii. Create an efficiently run loan guarantee
company where the loss rate is within
international good practice; and
iv. Create Employment.
An impact assessment was conducted end of 2013 to
ascertain whether the above were achieved.
13. Impact Assessment Objectives
To evaluate the performance of aBi Finance over the
period (Sept. 2010 to Sept. 2013) to determine the
extent to which intended goals have been achieved;
To recommend corrective or other measures that
may be deemed necessary to achieve the main
objectives.
Levels of Evaluation
1. Participating Financial Institution (FI)
2. Beneficiary or Bank Clients in specific enterprises
14. RATIONALE FOR SAMPLING
• FIs that had implemented the programs for a
long-enough period to create measurable
impact.
• Selected FIs provided details of their loan
beneficiaries, including the enterprises they
engaged in.
• Enterprises with the highest number of
beneficiaries were selected, to ensure
sufficiently large numbers for meaningful
statistical analysis and control to make
comparisons.
16. Study Findings at FI level.
i. Continued growth in the Agribusiness loan
portfolio which came above industry average for
the sampled FIs.
ii. More attention to promotion of agribusiness
lending within FIs- e.g. tailor made Agribusiness
loan products, Agricultural lending units….
iii. NPAs at half of branch level averages to help
increase appetite for Agribusiness lending.
iv. 63,026 new agribusiness loans were under
written.
Examples in next two slides
17. ABC Bank Portfolio status (Billions of USh)
55 69 88 100 114
355
406
527
571
682
0
100
200
300
400
500
600
700
800
2009 2010 2011 2012 2013
Agriculture Loans
Total Loans
18. XYZ’s Portfolio status (Billions of USh)
0.10
4.49
29.83
63.622
0%
1%
2%
3%
4%
5%
6%
7%
8%
-
10.00
20.00
30.00
40.00
50.00
60.00
70.00
2010 2014
Agriculture Loans Total Loans % of Agric Loans
19. • Increase in volume and value of loans accessed from
2010 to 2013.
• No. of new FTE jobs on sampled beneficiaries indicated
that each beneficiary created two jobs. (approx.
120,000).
• Average income growth was reported at an average of
$3,000 across the sampled enterprises.
• There was a demonstrated increase in net asset
holdings in land, livestock, equipment.
• Perception on borrowing for agriculture improved since
the loans helped them earn some profits from their
farms.
Study Findings at beneficiary level.
20. No. of FTEs Jobs Created in various enterprises
101.88
62.43
56.25
45.5
3741.25
1.52 4.5
8.125 12.125
0
20
40
60
80
100
120
Treatment
Control
21. Concerns highlighted by Study & Resolutions
Paucity of technical skills in agriculture lending and operation of
Guarantee schemes especially at Branch level.
Continue collaboration with aBi Trust to direct their grants to
specific partners that are still challenged in this regard.
Disseminate the sensitization sessions we offer to the Branches.
Gender imbalance in favour of men exhibited.
Continue collaborations with institutions that are keen on
financing women and youth Agribusiness projects as had been
done in the past to reduce imbalance.
Lower portions of the sampled enterprises which suffered pest
attacks felt agricultural lending was beneficial, underscoring the
need to avail affordable crop insurance services.
Continue collaboration with other partners to stimulate increase
in use of insurance product in order to bring the overall cost down
and maintain confidence of beneficiaries to borrow.
22. Concerns highlighted by Study & Resolutions
Need to expand geographical coverage –Northern Uganda
Already included in strategic objectives of aBi Finance and FIs with
Northern Uganda expansion programs targeted going forward.
MIS challenges affecting reporting timelines and quality
Automation at aBi Finance level as well as sensitization of partners
has and continues to improve this.
Perceived high fees by FIs
Have taken time to articulate to them how the fees are arrived at
and usually consider a slight decrease if the limit is above $4M.
Leverage
Portion of the fund to back Guarantee, has since been reduced
and dedicated to Lines of Credit.
23. Plans for scaling
1. For financial inclusion, bring on board some of the
smaller institutions (Tier IV) to whom TA has been
provided by the Trust over the past three years.
2. Support addressing of MIS challenges which
become more apparent as more volumes are dealt
in.
3. Business plan intention to inject new capital once
key targets like leverage ratio are met in 2014.
4. Focus on more financially excluded groups.
5. Introduce other products.
6. Introduction of mechanisms to promote socially
responsible investments.
DID is superior to SD because it resolve the selection bias in SD comparisons through matching two comparable groups—those who participate and those who do not.