Introduction to microinsurance, description of the users needs, difference between traditional insurance and microinsurance and presentation of key challenges.
abortion pills in Jeddah Saudi Arabia (+919707899604)cytotec pills in Riyadh
Miguel solana presentation jornadas portugal seguro
1. Microinsurance Miguel Solana – Technical Officer ILO Microinsurance Innovation Facility Lisboa, Portugal. 27 May 2010 Jornadas Portugal Seguro
2. 2007: Gates Foundation - $55M MI Investment Fund: Leapfrog - 2009 ILO’s MI Innovation Facility - 2008 International Assoc. of Insurance Supervisors (IAIS) Issues paper - 2007 1st Munich Re Foundation’s MI Conference - 2005 Creation of CGAP Working Group - 2001 (now Microinsurance Network) Microinsurance Milestones “ Protecting the poor” published - 2006 5th Munich Re Foundation’s MI Conference - 2009 (Senegal)
3.
4. Microinsurance Roots Microfinance Extension of social protection BOP strategy by insurers Popular insurance by cooperatives Micro-insurance
7. What are their risks? Risks Death Illness Accidents Loss of assets Business risks/unemployment Economic stresses Wedding Ceremonies Child birth Education Paying rent, utilities First step to product design Vulnerability Poverty
8.
9.
10.
11. Self-help groups Low-Income People Banks Credit unions Smart cards Computer kiosks Service providers MFIs NGOs Retailers Link to existing transactions for efficiency Delivery Channels Labour unions Cooperatives On-line & ATM Employers Insurance companies Cell phones Utility companies
12.
13.
14.
15.
Notas do Editor
Why is innovation necessary? For a product to be viable and even profitable, the provider must over come a number of challenges when addressing this market.
Why is innovation necessary? For a product to be viable and even profitable, the provider must over come a number of challenges when addressing this market.