Despite massive growth of microinsurance coverage, millions of poor households lack access to good value products. What can we learn from the pioneers about their struggle to offer quality products in a viable way? What product types and designs provide the best value for the poor? How does client-orientation contribute to the insurer’s bottom line?
This webinar focused on the performance of microinsurance providers from India, South Africa, Kenya and Peru, and examined drivers of profitability as well as strategies that contributed to providing value for customers.
Regulatory Outlook: Knock MACRA Out of the ParkKareo
Review the latest changes to the regulatory landscape, including HIPAA, MACRA, and the NC HIE. Learn how these changes impact your clients and your business.
Population coverage: from pilot to nationwide scale-up of the “NHIS mobile re...Impact Insurance Facility
On June 4, 2019, the Facility, in partnership with AFD and with support from the Joint Learning Network for Universal Health Coverage (JLN), organized a webinar on NHIS mobile renewal and digital authentication in Ghana.
The National Health Insurance Authority (NHIA) administers Ghana’s National Health Insurance Scheme (NHIS), which was established in 2003. Up until 2018, around 10.5 million scheme members needed to renew their membership annually and in person at a NHIA District Office. This time-consuming process deterred members from renewing and resulted in lapsed coverage. Partly as a result of these low renewal rates, the Scheme’s national penetration plateaued at around 40% of the population and remained roughly static from 2014 to 2018.
In 2017, the NHIA partnered with the ILO’s Impact Insurance Facility and started a project to digitize the renewal process, allowing members the option to renew their membership digitally on their mobile phones. Secondly, the project planned to establish the related systems for membership and identity verification at healthcare providers.
The project has been a huge success; following the launch of the mobile renewal platform by Dr Mahamudu Bawumia, Vice President of the Republic of Ghana, in December 2018 the number of renewals over the mobile phone has increased exponentially. As at March 2019, more than 65% of all renewals were taking place over the mobile phone.
The webinar is aimed at a wide local and international audience interested in learning more about digitizing operational processes that can lead to greatly enhanced efficiency. These solutions are applicable in both public and private sector contexts, and help to build scale.
Panelists of this webinar were Dr. Lydia Dsane-Selby (Chief Executive, NHIA Ghana), Mariam Musah (Senior Manager, Research, Policy, Monitoring & Evaluation, NHIA Ghana) and Shilpi Nanda (Impact Insurance Fellow alumna, NHIA Ghana). This webinar was moderated by Lisa Morgan (Technical Officer (Health Actuary), ILO).
What are the latest payment trends impacting the healthcare vertical? From electronic presentment and payment to mobile payments and beyond – what can we expect to see over the coming years?
IT vs. Users? How Law Firms Can Maximize Security While Granting Access to th...Authentic8
Law firms that establish a secure browsing environment without compromising data security, work culture or productivity gain a competitive advantage. This paper shows how successful law firms are optimizing on both axes: data security and user satisfaction.
Regulatory Outlook: Knock MACRA Out of the ParkKareo
Review the latest changes to the regulatory landscape, including HIPAA, MACRA, and the NC HIE. Learn how these changes impact your clients and your business.
Population coverage: from pilot to nationwide scale-up of the “NHIS mobile re...Impact Insurance Facility
On June 4, 2019, the Facility, in partnership with AFD and with support from the Joint Learning Network for Universal Health Coverage (JLN), organized a webinar on NHIS mobile renewal and digital authentication in Ghana.
The National Health Insurance Authority (NHIA) administers Ghana’s National Health Insurance Scheme (NHIS), which was established in 2003. Up until 2018, around 10.5 million scheme members needed to renew their membership annually and in person at a NHIA District Office. This time-consuming process deterred members from renewing and resulted in lapsed coverage. Partly as a result of these low renewal rates, the Scheme’s national penetration plateaued at around 40% of the population and remained roughly static from 2014 to 2018.
In 2017, the NHIA partnered with the ILO’s Impact Insurance Facility and started a project to digitize the renewal process, allowing members the option to renew their membership digitally on their mobile phones. Secondly, the project planned to establish the related systems for membership and identity verification at healthcare providers.
The project has been a huge success; following the launch of the mobile renewal platform by Dr Mahamudu Bawumia, Vice President of the Republic of Ghana, in December 2018 the number of renewals over the mobile phone has increased exponentially. As at March 2019, more than 65% of all renewals were taking place over the mobile phone.
The webinar is aimed at a wide local and international audience interested in learning more about digitizing operational processes that can lead to greatly enhanced efficiency. These solutions are applicable in both public and private sector contexts, and help to build scale.
Panelists of this webinar were Dr. Lydia Dsane-Selby (Chief Executive, NHIA Ghana), Mariam Musah (Senior Manager, Research, Policy, Monitoring & Evaluation, NHIA Ghana) and Shilpi Nanda (Impact Insurance Fellow alumna, NHIA Ghana). This webinar was moderated by Lisa Morgan (Technical Officer (Health Actuary), ILO).
What are the latest payment trends impacting the healthcare vertical? From electronic presentment and payment to mobile payments and beyond – what can we expect to see over the coming years?
IT vs. Users? How Law Firms Can Maximize Security While Granting Access to th...Authentic8
Law firms that establish a secure browsing environment without compromising data security, work culture or productivity gain a competitive advantage. This paper shows how successful law firms are optimizing on both axes: data security and user satisfaction.
Despre unele sensibilități democratice (2), autor Corneliu LeuEmanuel Pope
Despre unele sensibilități democratice : http://cititordeproza.ning.com/group/cesedezbateinrepublicacititordeproza/forum/topics/despre-unele-sensibilitati-democratice-sau-incercare-de-a-le-expl
Let’s take a look back on microfinance, what do you see?
3 years ago….
5 years ago…
10 years ago…
In your country and organisation in terms of growth, number of institutions?
Despre unele sensibilități democratice (2), autor Corneliu LeuEmanuel Pope
Despre unele sensibilități democratice : http://cititordeproza.ning.com/group/cesedezbateinrepublicacititordeproza/forum/topics/despre-unele-sensibilitati-democratice-sau-incercare-de-a-le-expl
Let’s take a look back on microfinance, what do you see?
3 years ago….
5 years ago…
10 years ago…
In your country and organisation in terms of growth, number of institutions?
The Facility, together with its partners FSDA and AFD, organized a webinar on "Making change happen within insurers".
In this webinar, we highlighted the change management activities of two partners - AXA Mansard (Nigeria) and SUNU Assurances (Cote D'Ivoire). It also outlined FSDA and ILO's change management framework and step-by-step process.
The presenters discussed activities, results and lessons that will be helpful to other organizations that wish to go through a similar change process.
Presenters: Omosolape Odeniyi (AXA Mansard), Gildas N'Zouba (SUNU Assurances) and Paul Musoke (FSDA). Moderator: Aparna Dalal (the ILO's Impact Insurance Facility).
The Institute of Customer Experience Management (ICEM), the flagship institute of Aegis Global Academy, is the first-of-its-kind to offer an MBA equivalent program focused solely on customer experience management and customer-centricity.
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 six-part webinar series with the theme, “Making inclusive insurance work”. The second webinar focused on distribution and technology and was held on 9 February 2017.
Speakers: Susan Walls (South African Insurance Association), Munir Duri (Kifiya Financial Technology, Ethiopia) and MK Balachandran (HDFC Ergo General Insurance, India). Moderator: Pranav Prashad (ILO's Impact Insurance Facility).
The Seal of Excellence for Poverty Outreach and Transformation in Microfinance is a global initiative currently under development that will recognize those institutions doing the most to help families lift themselves out of poverty. The Seal has been under development the past 19 months with input from a broad range of stakeholders and will continue in 2012.
This PowerPoint illustrates how the Seal fits in with current initiatives and how it has developed over time.
Presentation at 2013 ACORD LOMA Conference on moving insurance to a world of digital congress, from electronic apps to e-signatures, straight through processing, and image management. Presented in partnership with AXA Equitable's Nick Intrieri
The presentation outlines the factors that influence the financial behaviour of the poor across different regions. The presentation also discusses third generation MFIs and usage of No-frills accounts. The topic of e/m-banking is also covered at the end.
Similar to Webinar on "Delivering on the Promise of Microinsurance: Putting Clients First" (20)
Dvara KGFS came into existence as a financial institution with a goal to cater to all the basic financial needs of rural customers of India. Dvara KGFS aspired to be a one-stop solution for customers' wealth creation and risk management requirements by providing a combination of credit, savings, investments or insurance solutions. After setting up a line of credit products--group, individual and mortgaged-backed loans, Dvara KGFS planned to add savings and investment products to its portfolio. It aimed to bring about a fundamental change in the mindset of its customers; which was to move from relying on credit to fulfill their financial goal to relying on savings and creating a financial plan to achieve those goals.
Dvara KGFS developed a data-driven algorithm that would recommend customized product packages to each customer based on their specific financial goal. Dvara KGFS also added investment and insurance products to their portfolio and piloted them through an integrated investment offering named Dvara Sampoorna Sampath Plan. The new product package was piloted in October 2019 and later rolled out in a phased manner across most of its branches reaching more than 5,000 customers to date.
Presenters: Nikhil AC, Head of Liability Products at Dvara KGFS, and Sandeep Kumar, ILO Social Finance Fellow at Dvara KGFS. Moderator: Aparna Dalal (Senior Technical Officer, Impact Insurance Facility).
When one thinks about risk management and finance, one immediately thinks about insurance. Insurance can be an effective way of managing risks that could otherwise result in large losses, which low-income people cannot cope with out of their cash flow or through the informal support of friends and relatives. To be most effective, however, insurance should be part of a broader range of financial services that includes savings, credit and money transfers, which together enable the working poor to manage a variety of risks.
To test new approaches, the ILO is currently working with partners in Asia to develop integrated risk management solutions. This webinar presents the experiences of four partners who are developing savings-linked risk management solutions to help members better manage risks related to health, calamity and life.
The featured partners include: KOMIDA, a non-profit MFI in Indonesia, Oro Integrated Co Operative (OIC) and Nabunturan Integrated Co Operative (NICO), two savings and credit cooperatives in the Philippines and CLIMBS, a cooperative insurance in the Philippines. The webinar presents lessons from the product development process and results from ongoing pilots.
Webinar on the first actuarial analysis of Pakistan’s Sehat Sahulat Programme...Impact Insurance Facility
Since 2015, Sehat Sahulat Programme (SSP), an initiative of Pakistan’s Federal, Provincial and Regional Governments, has been working to provide financial protection to poor families against catastrophic health expenditure. Towards the end of 2018, the SSP was operating in 38 districts of Pakistan, covering over 3.2 million families. The first of its kind in the country, the Programme provides inpatient care to those living below the poverty line of US $2 per day. Since inception, the Programme has been supported by GIZ.
The webinar is aimed at those interested in learning more about what actuarial analyses is in the context of a public health programme such as SSP, why it is important and how others can apply the same thinking in their analytical work.
Presentation of "Ten years, eight trends", a plenary discussion on ten years of inclusive insurance. Organized in partnership with Cenfri and discussed at the Impact Insurance Forum and the International Microinsurance Conference 2018, held in Lusaka, Zambia, on November 6, 2018.
On May 10, 2018, the Facility, in partnership with FSDA and AFD organized a webinar on "Putting client insights into practice". Though most insurers are collecting data about and from clients, they often struggle to put that information into practice in a way that makes sense for their business. During this webinar, we shared structures, processes and tricks of the trade that help successful companies to do so.
Presenters: Angela Madriz (BIMA Latin America), Osvaldo Gimenez (BIMA Paraguay), Saurabh Sharma (Britam Kenya) and Alice Merry (the ILO's Impact Insurance Facility). Moderator: Aparna Dalal (the ILO's Impact Insurance Facility).
The Facility and the Feed the Future Innovation Lab for Assets and Market Access (AMA Innovation Lab) at UC Davis, with support from EA Consultants, organised a webinar to officially present the "3-D" Client Value Assessment tool. Merging the Facility’s PACE tool with the AMA Innovation Lab’s calculations for Minimum Quality Standards for agricultural index insurance, this tool provides a multi-dimensional understanding of the value proposition for potential or existing clients. This webinar introduced the tool, outlined its relevance and application, and provided tips for practitioners and researchers on how to use it to assess the value of their products.
Presenters: Tara Chiu (Feed the Future AMA Innovation Lab at UC Davis), Coralie Martin (EA Consultants) and Pranav Prashad (the ILO's Impact Insurance Facility). Moderator: Aparna Dalal (the ILO's Impact Insurance Facility).
Webinar - Design Thinking as a strategy for innovation in Public Sector Healt...Impact Insurance Facility
The Facility and the Joint Learning Network for Universal Health Coverage organized a webinar on "Design Thinking as a strategy for innovation in Public Sector Health Schemes".
In this webinar, we showcased the successful application of Design Thinking to redesigning the renewal process for the National Health Insurance Scheme (NHIS) of Ghana.
Presenters: Dr. Lydia Dsane-Selby (NHIA Ghana), Shilpi Nanda (ILO Fellow with NHIA Ghana), David Hutchful (Design Thinking expert and co-founder of Bloom Impact) and Ashlee Tuttleman (Design Thinking expert and consultant). Moderator: Lisa Morgan (the ILO's Impact Insurance Facility).
Webinar on Providing insurance products to rural populations in West AfricaImpact Insurance Facility
On September 6, 2017, the Facility, together with its partners FSDA and AFD, organized a webinar on "Providing insurance products to rural populations in West Africa". During the webinar, we discussed the importance of knowing the profile of the rural clients in order to better adapt offers to the needs of these populations. We also reviewed the partnership and business models that are emerging to provide insurance products to rural populations and we discussed the importance of knowing the agricultural sectors.
Presenters: Edgar Aguilar (The ILO's Impact Insurance Facility and Barry Callebaut), Gildas N’Zouba (SUNU Assurances Vie Côte d’Ivoire) and Moussa Dieng (the ILO's Impact Insurance Facility and CNAAS). Moderator: Miguel Solana (the ILO's Impact Insurance Facility).
As part of the global agenda of insuring for sustainable development, the Facility and the PSI Initiative organize a webinar series with the theme, “Making inclusive insurance work”. The sixth webinar had the topic "Health insurance for the emerging consumer" and was held on 5 July 2017.
Speakers during this webinar were: Lorenzo Chan (Pioneer Group), Sanjay H. Pande (Finsall Networks) and Walter Bacareza (PhilHealth). Moderator: Lisa Morgan (ILO's Impact Insurance Facility).
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 fifth webinar had the topic "Agriculture and climate risks" and was held on 25 April 2017.
Speakers: Samson Ajibola (Leadway), Marcel Stäheli (CelsiusPro) and Manoj Yadav (RIICE/GIZ). Moderator: Miguel Solana (ILO's Impact Insurance Facility).
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).
The Facility, together with its partners FSDA and AFD, organized a webinar on "Improving claims management".
In this webinar we offered guidelines on how to manage claims efficiently and improve operations. Claims is the moment of truth in insurance - it is when the promise of insurance becomes a reality. For low-income households, client satisfaction hinges on receiving the insured benefit as the settled claim offers tangible evidence of the value of an insurance policy.
The webinar featured insights from two innovation partners on claims process improvements and better claims data management. Presenters: Patrick Kihuria (Britam) and Frida Mwaura (MicroEnsure). Moderator: Aparna Dalal (the ILO's Impact Insurance Facility)
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 third webinar had the topic "Health: telemedicine, insurance and Universal Health Coverage" and was held on 28 February 2017.
Speakers: Dr Peter Benjamin (Health Enabled), Jody Delichte (Inclusivity Solutions) and Andrew Smith (Tonic, Telenor’s m-Health service in Bangladesh). Moderator: Lisa Morgan (ILO's Impact Insurance Facility).
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 delighted to announce a six-part webinar series with the theme, “Making inclusive insurance work”. The first webinar focused on clients and impact metrics and was held on 9 November 2016.
Speakers: Geric Laude (CARD Pioneer Microinsurance, Philippines), Patrick Mommeja (Allianz Africa, France), Butch Bacani (UN Environment’s Principles for Sustainable Insurance Initiative, Switzerland) and Michal Matul (ILO Impact Insurance Facility (Switzerland). Moderator: Aparna Dalal (ILO's Impact Insurance Facility).
The role of governments in scaling up agriculture insurance - Implementation ...Impact Insurance Facility
This webinar followed an interesting discussion we had in February 2016 on governments as important catalysts for developing the agriculture insurance market. In this second part we continued to touch upon the variety of interventions such as provision, administration and management of subsidies, support for developing infrastructure for effective implementation of insurance programmes, investment in collection and sharing of data and consumer education. In addition, the government's role in developing enabling regulations and using insurance as a part of their social protection and agriculture development agendas was discussed by experts from the World Food Program, HDFC Ergo General Insurance and BASIS/I4.
Speakers: Tara Steinmetz (BASIS/I4), Mathieu Dubreuil (World Food Programme) and Vivek Lalan (HDFC Ergo General Insurance).
This webinar looked at how governments can catalyse the development of agriculture insurance markets through a variety of interventions such as the provision, administration and management of subsidies, support for developing infrastructure for effective implementation of insurance programmes, investment in collection and sharing of data and customer education. It also looked at the government's role in developing enabling regulations and using insurance as a part of their social protection and agriculture development agendas. This webinar was organized together with the WBG's Global Index Insurance Facility, the USAID & Basis/I4-supported Global Action Network for agriculture insurance.
Speakers: Lena Heron (USAID), Peter Wrede (the World Bank) and Vincent Tithinji Ngari (Government of Kenya).
The WBG's Global Index Insurance Facility, the USAID and BASIS/I4-sponsored Global Action Network (GAN) and the ILO's Impact Insurance Facility organised a webinar to look into the question "Customer education in agriculture insurance". This webinar featured resource persons both from implementing organizations and international development players. They looked into consumer education roles of different players in the insurance value chain, discussed issues arising at both micro (individual farmers) and meso (community) levels, and showcased some interventions on how consumer education is undertaken.
Speakers: Lory Camba Opem (International Finance Corporation), Brenda Wandera (International Livestock Research Institute, Kenya) and Navin Sharma (ICICI Lombard General Insurance Company, India).
Webinar on Bundling agriculture index insurance with financial and non financ...Impact Insurance Facility
The WBG's Global Index Insurance Facility, the USAID and BASIS/I4-sponsored Global Action Network (GAN) and the ILO's Impact Insurance Facility organised a webinar to look into the question "How can index insurance be bundled with other financial and non financial services". This webinar featured speakers from global organizations who shared experiences and discussed which services and activities in the agriculture value chain are most aligned for bundling. It explored mechanisms and issues in bundling, and also looked into the possible impact of bundling on pricing & off-take of index insurance and measures of tracking it.
Speakers: François-Xavier Albouy (Vice President PlaNet Guarantee), Michael R. Carter (Professor and Director BASIS Research Program, University of California, Davis), Shadreck Mapfumo (Senior Financial Specialist World Bank Group) and David Muigai (Actuarial Officer ACRE).
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.
El Programa Impact Insurance de la OIT, Fasecolda (Federación de Aseguradores Colombianos) y la Superintendencia Financiera de Colombia organizaron el taller “Desarrollo del Mercado de Microseguros”, con el objetivo de reunir a los actores claves del mercado asegurador para identificar riesgos, oportunidades y definir un plan estratégico para el desarrollo de nuevos microseguros en el corto y el mediano plazo.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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 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
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
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
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
2. Delivering on the Promise of
Microinsurance:
Putting Clients First
Presenter:
Birendra Mohanty
Vice President, Financial Inclusion
Solutions Groups
ICICI Lombard, India
Presenter:
Nelson Kuria
Chief Executive Officer
CIC Insurance Group, Kenya
Presenter:
Janice Angove
Lecturer in actuarial science
University of the Witwatersrand,
South Africa
Presenter:
Lourdes del Carpio Gómez de la Torre
Director Rural Insurance
La Positiva Seguros y Reaseguros, Peru
Moderator:
Craig Churchill
Team Leader
Microinsurance Innovation Facility
9 July 2013
Presenter:
Thembisa Mapukata
Executive Head, Foundation Market
Old Mutual, South Africa
3. Agenda
Introduction to the financial experience and the
factors underlying the profitability of the various
microinsurance products
Learning from the experiences in developing quality
product offerings in a viable way
What product types and designs provide the best value
for the poor?
How does client orientation contribute to the insurer’s
bottom line?
4. Introduction to insurers
Product Market Distribution Organizational
Structure
South Africa
Group funeral
(2003)
Individual funeral
and savings (2011)
Burial society and
funeral parlour
members
Salaried agents
of insurer
Separate unit
Kenya
Credit Life (2001)
Health (2007)
Savings (2010)
Members of
cooperatives,
MFIs
Cooperatives
and MFIs
Planning to set up
separate
subsidiary
India
Subsidized Health
(2005)
and agriculture
(2003)
Artisans, low
income
population,
farmers
In-house sales
team
Product line
business units
Peru
Life (2008)
Personal accident
(2009)
Rural population Water boards,
MFIs
Separate unit
V
V
M
M
V
M
V
5. Business viability analysis framework
Profitability
Sustainability and value creation for shareholders
Scale Claims costs Distribution and
administration costs
Overarching factors
Defining and
accessing the
market
Pricing for the risk Working with
groups
Structure of the
insurer and market
context
Valued benefits and
affordability
Managing anti-
selection and
claims fraud
Leveraging off
existing
infrastructure
Risk management
Incentivising
distribution
channels
Reinsurance as risk
management tool
Simplicity Monitoring and
feedback
6. Scale
Health microinsurance business accounts for over 27% of the health insurance premiums written by ICICI
Lombard (US$261 million) and credit life accounts for 12% of group life premiums at CIC (US$24 million).
Policy volumes are low compared to potential market size.
Policies
CIC (Credit Life) 210 000
OM (Funeral) 100 000+
ICICI Lombard
(Health-W&A)
2 200 000
ICICI Lombard
(Health-RSBY)
5 500 000
ICICI Lombard
(Weather)
3 000 000
La Positiva (PA) 40 000
La Postiva (Life) 2 000
V
V
M
M
V
V
M
-100%
-50%
0%
50%
100%
150%
200%
250%
300%
350%
2009 2010 2011 2012
Growth of Premium Volumes
7. Profitability
Policies
CIC (Credit Life) 210 000
OM (Funeral) 100 000+
ICICI Lombard
(Health-W&A)
2 200 000
ICICI Lombard
(Health-RSBY)
5 500 000
ICICI Lombard
(Weather)
3 000 000
La Positiva (PA) 40 000
La Postiva (Life) 2 000
V
V
M
M
V
V
M
-80%
-60%
-40%
-20%
0%
20%
40%
2008 2009 2010 2011 2012
Gross (of Reinsurance) Profit Ratios
9. ICICI Lombard: Reducing claims cost (2)
Effect
Build
Efficient
Claims
Process
61%
98%93% 99%95%
80%80% 72%78%
RSBY Weaver & Artisans
Gross Loss Ratio
FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
In-house claim settlement for operational efficiency
Large empanelled network to ensure more and more claims shift to
cashless mode (Hospitals: 2100 and out-patient network: 900)
Maker Checker for all process
Outputs:
Better control mechanism for out-patient claims
Reduction in claims turn around time to 25 days from 65 days
Cost of claim processing reduced from $1.3 per claim to $1
Reduced fraudulent claims
10. La Positiva: Reducing administrative costs
Low sales costs: Sales supervisors hired locally. Staff of
distribution partner leveraged for selling insurance.
Before: Sales supervisors hired at the headquarters
Low promotion costs: Cost of local radio and murals 4% of
advertising costs in urban areas. Permanent advertising with
in-house marketing staff.
Before: Promotion outsourced. Radio done few months a year.
Low capacity building cost: Use of e-learning course for sales
force training. Few on site workshops. Printed “sales guide”.
Before: Only on site workshops with low attendance.
11. Old Mutual: Monitoring to identify improvements (1)
Servicing is taking
up 30% of sales
force time
Lower sales
productivity
Poor service levels
Pure Sales Focus
Introducing service
consultant
Improved top line
growth
Improved retention
from dedicated
service focus
In
Progress
Before
Monitoring
& Reporting
Benefits
incorporated in
business plan &
tracked monthly
Sales 10% ahead
of target & 50% up
from last year (big
scheme focus)
(as at End June)
Lapse rate
improved by 5%
Increased new
business through
organic member
growth
=
=
=
12. Manual paper driven
processes
High cost of
administration
Low Efficiency Levels
Automation of
processes
Prioritising On-
Boarding & Claims
Processes
Lower cost of
servicing &
administration
Increase Process
Efficiencies
In Progress
Before
Monitoring
& Reporting
Cost of
technological
improvements to
justify investment
(RoI)
Lower manpower
requirements for
capturing
Less queries at
claims stage
Lower cost/policy
Improved
turnaround times
and service levels
resulting in
volumes
Enrollment: 7 to 3
days
Claims: 17 to 5
days
=
=
=
Old Mutual: Monitoring to identify improvements (2)
13. CIC: improving organizational structure
Specialized
unit
• 2001: Incubated as department under Life & Health
division
• 2007: Cross-divisional unit allowing to sell composite
products
Fragmented
strategy
• 2010: demerging Life and General fragments business
and increases duplication
• Annual growth rate dropped from 49% in 2010 to 2% in
2012; with increasing costs
Specialized
subsidiary
• Re-launching the process of independent composite
microinsurance vehicle to be managed by multi-skilled
staff while enjoying shared services
• To be spinned-off as separate subsidiary that will
embrace most of the functions with expected expense
ratio below 20%.
14. Putting clients first: many aspects of value
PRODUCT
• Coverage, service quality,
exclusions and waiting periods
• Sum assured in relation to costs
• Eligibility criteria
• Value-added services
ACCESS
• Choice and enrolment
• Information & understanding
• Premium payment method
• Proximity
COST
•Premium to benefit
•Premium to client income
•Other fees & costs
•Cost structure and controls
EXPERIENCE
• Claims procedures
• Claims processing time
• Policy administration & tangibility
• Customer care
PACE
client value
assessment
tool
15. Aggregators
End Members
Body Repatriation:
Transportation of the deceased
anywhere within South Africa
Transportation of a body can cost up to
50% of the benefit payout and the
delivery would require logistical
capability by the parlour or burial
society
Old Mutual delivers it at less 1% of the
premium through a strategic partner
Medical Emergency Services:
Access to medical emergency
services
The target market has limited access to
medical service
Free ambulance services and emergency
medical personnel are provided under
the funeral policy
Financial Education: Access to free
financial education
Financial literacy levels are very low
Free financial education is provided in
response to markets needs and in support
of governments developmental targets (at
annual cost of 0.2% of net profits
1
2
1
Old Mutual: Extending product benefits
PRODUCT
ACCESS
COST
EXPERIENCE
16. La Positiva: improving access
Water Boards are closer to rural population.
Before, limited to MFIs, NGOs and retail stores.
Anyone can enroll. No need to be member of any
organization or have a credit approved.
Before, product was sold only to farmers.
No documents required to issue the policy. The
policy is handed out immediately after the
premium is paid.
Sales force can check product information using
the e-learning tool or the printed sales guide.
Before, they had to call the headquarter staff to
clarify product characteristics.
Proximity
Inclusive
Simple
enrolment
process
Clear
information
PRODUCT
ACCESS
COST
EXPERIENCE
17. CIC: Reducing costs for clients
Before Now
PRODUCT
ACCESS
COST
EXPERIENCE
Transaction
costs
Distribution
costs
Premium
collection
costs
Terms and
conditions
A visit to the nearest CIC
Branch Office
Savings product distributed
through tied agents
Costs through financial
institutions can add a
further 33% to premium
Exclusions and
disaggregated products
Within walking distance at cooperatives,
MFIs, retailers and Co-op Bank
correspondent banking outlets
Distribution using existing business outlets
saving 21% of costs for equivalent
product using tied agent
Collecting premiums through mobile
money platform (negotiated terms) and
through existing distribution structure
Removing exclusions, extending age
limit to 75 and bundling to allow cross-
subsidy. Enhancing credit life cover.
18. ICICI Lombard: Enhancing client
experience
RSBY Weavers/ Artisans
95% claims settled to hospital
within 30 days
Higher enrollment ratio and
average family size year on year
(62% enrolment in FY 2013 with
3-member family size)
90% of claims count are
cashless
Average claim settlement TAT
is 25 days
High sum insured in out
patient to cover occupational
hazards
0.01
0.45
1.1
1.75
2008-09 2009-10 2010-11 2011-12
No. of hospitalizations in millions
19%
18%
15%
12%
10%
8%
6%
3%
3%
2%
Infections
Respiratory
Medical General
Orthopaedic
Gastroenterology
Endocrinology
Circulatory
Dermatology
Urinary - genital
Gynecology
0% 5% 10% 15% 20%
Out patient services
utilisation
PRODUCT
ACCESS
COST
EXPERIENCE
19. Summary: Pathways for client value and
business viability
Simple offerings Higher-value
offerings
Design
Success
factors
Results
(only if
consolidated)
Partial/single cover, low
premium, mandatory,
‘human’ distribution
Meeting ‘universal’
needs, product
education, claims,
tangibility
Client value better than
alternatives for specific
risks; positive profitability
rates
Multiple covers, VAS,
voluntary options,
technology-driven
distribution, PPPs and
subsidies
Benefit package, market
segmentation,
promotion, sales, gradual
investments with strong
cost controls,
organizational structure
More complete risk-
management solutions for
clients; higher scale,
higher profits
Many options
& steps
20. Delivering on the Promise of
Microinsurance:
Putting Clients First
Presenter:
Birendra Mohanty
Vice President, Financial Inclusion
Solutions Groups
ICICI Lombard, India
Presenter:
Nelson Kuria
Chief Executive Officer
CIC Insurance Group, Kenya
Presenter:
Janice Angove
Lecturer in actuarial science
University of the Witwatersrand,
South Africa
Presenter:
Lourdes del Carpio Gómez de la Torre
Director Rural Insurance
La Positiva Seguros y Reaseguros, Peru
Moderator:
Craig Churchill
Team Leader
Microinsurance Innovation Facility
9 July 2013
Presenter:
Thembisa Mapukata
Executive Head, Foundation Market
Old Mutual, South Africa