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.
Enhancing Customer Engagement and Experience of Microinsurance in AfricaCGAP
CGAP conducted an Applied Product Innovation project with insurance intermediary MicroEnsure and design firm Continuum. MicroEnsure, a leader in the provision of insurance for the mass market in Africa and Asia and Airtel, a leading global telecom, have a partnership to deliver insurance to 17 countries in Africa over the next three years. Our challenge: using human centered design techniques to figure out how to deliver relevant insurance products to the mass market, leveraging mobile phones.
Enhancing Customer Engagement and Experience of Microinsurance in AfricaCGAP
CGAP conducted an Applied Product Innovation project with insurance intermediary MicroEnsure and design firm Continuum. MicroEnsure, a leader in the provision of insurance for the mass market in Africa and Asia and Airtel, a leading global telecom, have a partnership to deliver insurance to 17 countries in Africa over the next three years. Our challenge: using human centered design techniques to figure out how to deliver relevant insurance products to the mass market, leveraging mobile phones.
Multi Channel Distribution in Insurance - WhitepaperNIIT Technologies
This whitepaper explores the need to develop an effective multi-channel distribution strategy that meets customer demands and delivers differentiating customer experience. Apart from the conventional ways of marketing an insurance policy, which include brokers, agents, kiosks, work site marketing and direct marketing, insurance companies now explore new avenues of innovative and attractive range of distribution techniques that can be exploited to their advantage.
Michael Marick - Breaking down barriers in policyholder- insurer disputes ove...Michael Marick
Corporate policyholders/insureds who have been sued share a common interest with their liability insurers—successfully defending those lawsuits. Yet insureds and insurers often disagree on the choice of defense counsel and how much the insurer must pay toward legal bills. These disputes are costly and, in most instances, can be avoided.
5th International Disaster and Risk Conference IDRC 2014 Integrative Risk Management - The role of science, technology & practice 24-28 August 2014 in Davos, Switzerland
Multi Channel Distribution in Insurance - WhitepaperNIIT Technologies
This whitepaper explores the need to develop an effective multi-channel distribution strategy that meets customer demands and delivers differentiating customer experience. Apart from the conventional ways of marketing an insurance policy, which include brokers, agents, kiosks, work site marketing and direct marketing, insurance companies now explore new avenues of innovative and attractive range of distribution techniques that can be exploited to their advantage.
Michael Marick - Breaking down barriers in policyholder- insurer disputes ove...Michael Marick
Corporate policyholders/insureds who have been sued share a common interest with their liability insurers—successfully defending those lawsuits. Yet insureds and insurers often disagree on the choice of defense counsel and how much the insurer must pay toward legal bills. These disputes are costly and, in most instances, can be avoided.
5th International Disaster and Risk Conference IDRC 2014 Integrative Risk Management - The role of science, technology & practice 24-28 August 2014 in Davos, Switzerland
Cyber risk related to information security is growing. A potentially huge exposure for transportation companies is the personal data of their current and prospective drivers.
Brightstone Insurance Errors and Omissions and Cyber Liability presentation. Underlines the importance of coverage for companies in information management and information services industries. Provides data breach examples. Outlines data breach response.
Managing and insuring cyber risk - a risk perspectiveIISPEastMids
Russell Price from the Cyber Risk & Insurance Forum, and Chair of the Continuity Forum. A presentation that looks at the role Cyber Insurance has to play in an overall approach to managing risk for a business. Given as part of the East Midlands Cyber Security Forum on 21st May. More details at https://www.nexor.com/iisp-east-midlands/may-2015.
Managing and insuring cyber risk - coverage of insurance policiesIISPEastMids
Tim Johnson, a Cyber Insurance specialist from Browne Jacobson, looks in detail at what Cyber Insurance will cover businesses for and gave some tips on what to consider when deciding on a policy. Given as part of the East Midlands Cyber Security Forum on 21st May. More details at https://www.nexor.com/iisp-east-midlands/may-2015.
FinTech Maturity Model for Traditional Financial Service Companies. Check it out to see, where do you stand and what should be the goal to compete and win in the digital world of tomorrow.
Cyber Risk Management in 2017: Challenges & RecommendationsUlf Mattsson
https://www.brighttalk.com/webcast/14723/234829?utm_source=Compliance+Engineering&utm_medium=brighttalk&utm_campaign=234829 :
With cyber attacks on the rise, securing your data is more imperative than ever. In future, organizations will face severe penalties if their data isn’t robustly secured. This will have a far reaching impact for how businesses deal with security in terms of managing their cyber risk.
Join this presentation to learn the cyber security controls prescribed by regulation, how this impacts compliance, and how cyber risk management helps CISOs understand the degree these controls are in place and where to prioritize their cyber dollars and ensure they are not at risk for fines.
Viewers will learn:
- The latest cybercrime trends and targets
- Trends in board involvement in cybersecurity
- How to effectively manage the full range of enterprise risks
- How to protect against ransomware
- Visibility into third party risk
- Data security metrics
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 presentation addresses the following questions: Should an MFI offer microinsurance? If so, through what institutional structure? If they partner with an insurance company, how to manage that relationship effectively? What products should the MFI offer?
In this presentation we will deal with Insurance organizations, their operational structure, insurer’s function and key business terms used in this sector.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
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.
Introduction to microinsurance, description of the users needs, difference between traditional insurance and microinsurance and presentation of key challenges.
According to American Customer Satisfaction Index and the Financial Services Customer Experience Survey 2008, 26 per cent of insurance customers will switch their insurance providers, based solely on one bad experience with a call center! It is clear that customer experience can make or break a deal for insurers. And the need to care for customers as efficiently as possible has never been more critical, thanks to increased competition from newer providers who aggressively use the Internet as a channel. Through this article, the author suggests the six most critical challenges that customer care executives in insurance companies should address to ensure a better customer experience and thereby deliver growth for the company.
Read more such articles at http://www.wns.com/Insights/Articles/tabid/81/Default.aspx
Delivered at the International Microinsurance Conference 2014 in Mexico City (http://bit.ly/1rUzwBu) this presentation focuses on the need to understand the business compulsions and economics of the value chain members (Agents, MNOs and insurance companies) of mInsurance. It makes a case on existence of multiple mInsurance models and the business logic for each ... a comprehensive analysis of a complex subject.
These slides were presented during the Microinsurance Innovation Facility’s second webinar, co-organized with the Microinsurance Network, and held on July 13th, 2011. It focused on "New Frontiers in Microinsurance Distribution", their strengths and weaknesses, and areas that can be explored to make these channels work more effectively from the insurer and client perspective. This webinar follow a recent paper on alternative channels prepared by Cenfri (http://www.ilo.org/public/english/employment/mifacility/download/brnote7_en.pdf). Presenters were Brandon Mathews from the Zurich Financial Services, Anja Smith from Cenfri, and Pranav Prashad from the Facility, with Jasmin Suministrado of the Facility as moderator.
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.
Similar to RRT 2010 - MicroEnsure on Microinsurance (20)
RBAP Executive Director Vicente Mendoza shares how the MABS Program will continue and expand with RBAP and RBRDFI during the 2012 National Roundtable Conference on June 8.
USING NEW CHANNELS TO EXPAND MICROFINANCE SEVICESMABSIV
Mr. Melvin Yu of Cantilan Bank shares their technological development to illustrate how far banking technology has come – and what its implications have been during the 2012 RBAP-MABS National Roundtable Conference on June 8.
The SMART Islands Activation Program Empowerment through Mobile BankingMABSIV
Mr. Jun Perez of SEEDFINANCE explains how their partnership with SMART in the Island Activation Program supports empowerment through mobile banking during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Preliminary Evaluation of Consumer Education Tools for Mobile Phone Banking: ...MABSIV
Microfinance Research Officer Craig Tower presents the preliminary results of the outcomes assessment of the Financial Education for Branchless Banking Project during the 2012 RBAP-MABS National Roundtable Conference on June 8.
MOBILE COMMERCE INNOVATIONS: NEW IDEAS & RETURNSMABSIV
GXI President Paolo Baltao announces the next generation GCASH mobile money services, which are expected to provide new features as well as create a more seamless experience for rural bank clients and GCASH users during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Lessons in Microinsurance Business ExpansionMABSIV
Mr. Gilbert Soliven of Progressive Bank shares how to effectively market and sell microinsurance products during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Bangko Kabayan President Francis Ganzon shares how to successfully choose a microinsurance provider during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Managing Director Zaldy W. Pacificar of Katipunan Bank shares the bank experience on providing microinsurance products and services to their clients during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Beyond SMS: Using Social Networks to Reach a Broader MarketMABSIV
MABS Chief of Party John V. Owens shares how banks could utilize social networks to broaden their microfinance market during the 2012 RBAP-MABS Nationa Roundtable Conference on June 8.
The Microfinance Data Sharing System (MiDAS)MABSIV
Ms. Patricia Calilong, BOT of the Rafael B. Buenaventura Foundation discusses the updates on the Microfinance Data Sharing System (MiDAS) during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Using the Credit Bureau: Experience from the FieldMABSIV
Credit Bureau Manager Mr. Manuel Batallones shares how credit bureau helps the banks in mitigating the risk of getting bororwers with negative credit history during the 2012 RBAP-MABS National Roundtable Conference on June 8.
MABS Deputy Chief of Party, Ms. Meliza Agabin shares how banks should use the MABS performance monthly reports to track the bank's performance and make informed decision during the 2012 RBAP-MABS Nationa Roundtable Conference on June 8.
Results of the Study on Multiple Lending and the Challenges Faced by BanksMABSIV
Mr. Ronald Chua of the Asian Institute of Managment shares the findings of the Study on Multiple Lending and the Challenges Faced by Banks during the 2012 RBAP-MABS National Roundtable Conference on June 8.
“SCORECARD” Incentive Remuneration System for MicrofinanceMABSIV
Ms. Vivian Lim of First Valley Bank shares their bank experience on using the EAGLE Scorecard to optimize the bank's microfinance operations during the 2012 RBAP-MABS National Roundtable Conference on June 7.
Measuring Performance through the EAGLE Score CardMABSIV
MABS Microfinance Specialist, Ms. Jennifer Sabianan shares how to use the EAGLE Scorecard to measure the bank's microfinance performance during the 2012 RBAP-MABS National Roundtable Conference on June 7.
Price Transparency and Microfinance Related RegulationsMABSIV
Mr. Gerardo Butardo of Bangko Sentral ng PIlipinas (BSP) discusses latest updates on price transparency and microfinance related regulations by the BSP during the 2012 RBAP-MABS National Roundtable Conference on June 7.
Ms. Elizabeth Larson, the Regional Manager for Asia of Microfinance Information eXchange shares during the RBAP-MABS National Roundtable Conference how banks could use the MIX Market Report and updates on its developments.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
3. Micro insurance Providers
Insurance and insurance-like providers
Life and Non-life Insurance Companies
Cooperative Insurance Societies (CIS)
Insurance/Service Cooperatives
Mutual Benefit Associations (MBAs)
Preneed Companies
Health Maintenance Organizations (HMOs)
Intermediaries
- entities or individuals such as brokers and agents
- facilitate provision of insurance services by licensed insurance providers
Brokers act on behalf of the clients in the purchase of insurance products
Agents act on behalf of the insurance companies in the solicitation of insurance
business
4. Managing Micro insurance Products and Partners
The Intermediary Model
Risk Carrier
• Insurance Company
• Reinsurance Company
• Cell Captive
Front Office Back Office
• MFIs, • Systems – Data Capture/
• Rural Banks Reporting
• Aid Agencies • TPA – Claims Servicing
• NGOs • Product Design/Negotiation
• Retail • Training and Education
5. Managing Micro insurance Products and Partners
The Intermediary Model
MICROENSURE AS AN INTERMEDIARY
Negotiates with insurance companies on behalf of clients to keep premiums to a minimum
Aim is to achieve sustainability for insurance companies, product distributors, and clients
Effective Product Distribution
Workin partnership with organizations that are currently serving the poor such as
microfinance organizations, rural banks, as well as humanitarian organizations that are
providing non-financial services
Sophisticated MIS system / Back Office Processing
Key to minimizing the cost of micro insurance
Tracks details of clients covered, collects premiums and administers claims.
Extensive market research and insurance expertise
Products designs that address the real financial risk management needs of
the poor
6. Establishing Partnership to Micro insurance Provider
Important Factors:
1. Products and Product Development
an insurance provider that
Can understand the needs of the clients.
Can understand operational realty of the Bank
Should be able to design a product that is more suitable for all
parties
2. Transaction cost
Management Information System for transacting insurance
business
An insurance provider/intermediary that benefits from a wider
client bases and global reach can fund such an overhead
Investment in system reduces transaction cost
Operating efficiencies
7. Establishing Partnership to Micro insurance Provider
Important Factors:
3. Administration
best equip to handle administration relating to claims
processing
4. Additional channel of sale
5. Staff training and Client Education
6. Range of Sustainable Product
7. Distribution Network/Linkages
8. Technological Enhancement
9. Expertise and experience in insurance and microfinance
10. Required no capital outlay on the part of bank
8. Innovations: Micro insurance promotion and service delivery
A critical component inManagement System
Automated Insurance the timely and cost effective
provision of micro insurance services to Rural Banks and
MFIs
A state-of-the-art technology that specializes in the
following:
Data encoding
Large volume data processing
Data Management
Insurance Claims Processing
Data Synchronization
Automated Reports
9. Marketing Micro insurance Services
Identify target market
Determine the main messages to convey
Protection
Solidarity
Optimism
Trust
Three Step marketing Process
Raise awareness Cultivate an
- About insurance understanding of Activate the
- About a specific insurance (costs market
insurer/intermediary and benefits
Source: Protecting the Poor, A Micro insurance Compendium edited by Craig
Churchill
10. Marketing Micro insurance Services
A major hurdle for marketing insurance to the poor is the lack of differentiation
between microinsurance and conventional insurance products
Client education
designed to promote understanding of the options for managing risk
explain the fundamental concepts underlying insurance and the terms that
define it so that the poor can determine what is the most suitable option in
their particular case
Development of comic books in clients' local languages
provide an understanding of insurance in an informative and easily
understandable format.
Materials are the result of in-depth research into client understanding and
attitudes concerning insurance
11. Comparison between Commercial Insurance and Microinsurance
Source: Adapted from Almazan (2005)
Commercial Insurance Microinsurance
Those who have the capacity to Those who do not have the
pay large sums of money as capacity to pay large sums as
premium premium.
TARGET GROUP
Those who are costly to serve due
to socio-economic status,
location, and the like.
MOTIVE Profit Solidarity and Mutual Aid
Profit menu is varied and complex Product menu is limited and
aimed at individuals simple, aimed at the whole family
PRODUCT/SERVICES of the member
Highly Restrictive Limited or no restrictions
For profit, stock corporations Mutual Benefit Associations,
DELIVERY SYSTEM cooperatives & other forms of
mutual aid organization
OWNERSHIP Proprietors; stockholders Membership-based
Proprietors; stockholders, Democratic; regardless of share
DECISION MAKING depending on voter’s rights capital or size of contribution,
“one person-one vote”
Return on investments and Return on share capital,
dividend patronage refund as in
SURPLUS cooperative, and membership
equity value for MBAs.
12. Microinsurance Delivery Models
Institutional Options Description Advantages Challenges
Partner-Agent Model An established insurance Insurer is able to reach a Trained staff to explain
company works with a market it cannot reach on insurance in ways the
distribution channel. its own illiterate poor can
e.g., MFI, that actively MFI can provide members understand
serves low-income clients with better services at The distribution channel
Insurers bear the risk lower risk must still be licensed as an
The poor get valuable agent
protection that otherwise
would not be accessible to
them
Mutuality Model Savings and credit Helps monitor moral Capacity Issues
cooperatives or credit hazard
unions offer loan Reduces transactions cost
protection insurance Remains responsive to
clients’ needs and interest
Direct Sales Model Insurance companies Helps overcome control Higher costs of a new
directly serve low-income problems in the partner- delivery structure that only
clients through individual agent and mutual models serves an insurance
agents on salary or function
commission-basis
Community-based Model Non-profit schemes that Reaches not only the poor Sustainability
have voluntary membership but also more of the
Policy holders pre-pay poorest
premiums into a fund and
are entitled to specified
benefits
Technical Assistance and
general oversight are given
by a network support
organization
13. The Intermediary Model
An intermediary could be a corporate or individual partnership
structure working on either a local or global scale partnering with
a risk carrier (most likely an insurance company). The intermediary
could be an agent on behalf of a single insurance company or a
broker and work for multiple insurers it is most likely that the
intermediary would seek to service large groups of clients.
Value Added Service:
Additional Channel of Sale- without systems, MFIs are often unable
to offer insurance products to their clients outside of the loan. An
intermediary brings the capability to track clients and record who has
paid premiums even when a loan is not in force.
Staff Training- an intermediary is well placed to provide
organizations' staff with training in the product and the basics of
insurance. This increases financial literacy and ultimately client
satisfaction.
14. Innovative insurance products:
Security/insurance for the entire family
Loan redemption
- fire and calamity assistance
- unemployment insurance
- daily hospital income benefit
Micro housing insurance
- fire, lightning, typhoon, flood, earthquake, volcanic eruption, landslide)
- evacuation assistance and family personal accident insurance
Protection to micro entrepreneurs and their tools of trade
- property insurance
- burglary/housebreaking
- personal accident insurance
- money, securities and payroll
- electronic equipment insurance
- fidelity guarantee
Climate responsive index products
- weather index based crop insurance for drought/dry spell, excess rain, and typhoon wind speed
15. Micro Insure Linkages
Banks, MFI's, Cooperatives & Credit Unions‘ Church Groups & Networks
Humanitarian Aid & Child Sponsorship Major Donor Groups
Social Aggregators Microfinance intermediaries
Global Health Care Providers Academic & Government Institutions
Professional Service Providers
Aid Agencies
Foundations
Cell Captive facility Bill and Melinda Gates
Foundation
Levi Strauss
Government Partners Foundation
PAGASA
Department of
MicroEnsure
Agriculture
BPRE Reinsurance
AIMS
EMBU
Linkages in
Actuarial Presence in Opportunity
Consultancies other International
- Delloite and Touche Countries
16. Synergy Framework
Group of Companies MicroEnsure
Product Development
Unified Marketing
Church Rural
MFI COOPs NGO Others
Org. Bank
Insured Insured Insured Insured Insured Insured Insured
17. Value Added Service SERVICES:
“Enterprise Development Model” • Training
COMMUNITY BASE
• Capacity & Capability Building
SOCIAL PREPARATION • Value Formation
• Establishment of Systems & Procedure
Sales & Promotions
Outlet Creation TRAINING & • Agricultural
INSTITUTIONAL Production (rice)
Networking/
DEV’T
Linkaging a. Pre-production
MARK
ETING
AL SERVICES:
DEVEL
OPME FINANCI
SERVICES:
Marketing Development
NT
MFI ASSISTAN
CE • Technology Transfer
• Farm Equipment & Machinery Loan
• Production Loan
and Assistance • Irrigation Development
• Crop Insurance
SERVICES:
SERVICES: • Post-harvest Equipment Loan
• Business Advisory • Intro of Post-harvest • Training & Skills Dev’t.
Enterprise Facilities
• Enterprise Dev’t. & Mktg. • Quedan System Loan
Creation • Skills & Mgt. Dev’t. • Warehousing
• Product Dev’t. & Packages and Promotion • Intermediate Storage • Rice Mill
• Laboratory Analysis & Bonded Warehousing • Solar/Mechanical Drying
18. THANK YO U
MICROENSURE PHILIPPINES
Website: www.microensure.com
Email: william.mar4rez@microensure.com
Phone: (033) 329 0729; (033) 320 0387
(02) 893 9752