Breakout Microinsurance, Michael McCord, Microinsurance Centre

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Breakout Microinsurance, Michael McCord, Microinsurance Centre

  1. 1. MICROINSURANCE TRENDS AND ISSUES MICHAEL J. MCCORD MICROINSURANCE CENTRE 19 NOVEMBER 2013
  2. 2. Total lives covered in 2005, 2008, and 2011 2005 (3.5MM not SA) 2008 (14.7MM) (6.5MM ex. SA) Number of lives/properties covered 2011 (44.4MM) (17.2MM ex. SA) Growth drivers: - Commercial sector - Technology - Competition - Donors 2
  3. 3. Growth in LAC 2005 2011 Growth drivers: - Commercial sector - Alternative distribution - Competition - “Mass” market
  4. 4. Starting from Credit-linked Simple Products to… More than Life Products More insureds… new target segments • Through new distribution channels • Through new tech solutions Better benefits/features Evolution
  5. 5. Trends in microinsurance • Value for clients • Growth • Mobile technology • Regulations • Commercial insurer flexibility • Distribution
  6. 6. The MicroInsurance Centre “Developing partnerships to insure the world’s poor” www.MicroInsuranceCentre.org 7 mjmccord@MicroInsuranceCentre.org

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