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  • Update on microinsurance innovation in South Africa (2010)

    South Africa has one of the most innovative insurance markets in the world. It is also considered one of the…

    Microinsurance on supervisor’ agenda

    Microinsurance is becoming an increasingly important item on the agenda of supervisors globally. The 16th Annual IAIS conference was held…

    IAIS Application Paper on Regulation and Supervision Supporting Inclusive Insurance Markets

    The IAIS Application Paper on Regulation and Supervision Supporting Inclusive Insurance Markets was officially adopted by the International Association of…

    Review of the South African Market for Hospital Cash Plan Insurance

    A recent Review of the South African Market for Hospital Cash Plan (HCP) Insurance managed by Cenfri and commissioned by…

    Tanzania Access to Insurance Diagnostic

    Cenfri recently released the Tanzania Access to Insurance Diagnostic study on behalf of FinMark Trust. The study was funded as…

    Publications by theme area

    Microinsurance

    Managing risk while facilitating innovation: The case of mobile insurance in Tanzania

    Mobile insurance (m-insurance) can play an important role in enhancing access to insurance, especially in regions where distribution and reach pose challenges to serving the market. Due to the significant penetration of mobile phones, airtime vendors, and mobile money agents, m-insurance initiatives have the potential to reach scale almost overnight. As with all innovations, however, new risks are introduced as m-insurance "sprinters" reach scale.

    Credit life insurance in South Africa: the customer's perspective

    Credit life insurance may be the first type of insurance that many low-income consumers encounter. As such, it can offer an opportunity for introducing consumers to the concept of insurance and, if it offers value to them, can lead to uptake of other insurance products in future– a phenomenon that can be termed positive market discovery. However, credit life insurance can also lead to consumer…

    Regaining momentum? Update on microinsurance in South Africa

    In South Africa, the proposal for a microinsurance regulatory framework has been on the table since 2008, when National Treasury released a Discussion Paper on the Future of Microinsurance Regulation. The Discussion Paper initiated a consultative process with the National Treasury, Financial Services Board and the insurance industry – supported by FinMark Trust and Cenfri – that was finalized in 2011 with the release of…

    Regulating m-insurance in Zimbabwe: managing risk while facilitating innovation

    M-insurance is insurance sold through and/or with a mobile network operator (MNO) and has gained significant attention in recent years due to its rapid growth in African and Asian markets and its potential to grow inclusive insurance markets. According to CGAP's brief on the emerging global landscape of mobile microinsurance, over 70 m-insurance schemes have been launched globally across 15 countries, with one initiative winning…

    ILO's Microinsurance Innovation Facility Special Annual Report (2013)

    The ILO’s Microinsurance Innovation Facility recently released there 2013 Special Annual Report to mark the end of 6 years of the ILO’s Microinsurance Innovation Facility. In this time the microinsurance industry has grown dramatically to cover around half a billion people with an increasingly wide range of products. Microinsurance has been increasingly taken up by mainstream insurers, with 33 of the world’s 50 largest insurance…

    Mobile Phones and Microinsurance

    Insurers are using mobile phones to address two main challenges facing the microinsurance sector: increasing efficiency and reaching scale. Mobile phones and microinsurance (ILO’s Microinsurance Innovation Facility Microinsurance Paper #26) looks at the mobile phone beyond just a self-enrolment device, but as infrastructure for delivering insurance. By leveraging mobile phone infrastructure insurers have made processes more efficient across the insurance value chain; reducing turnaround times…

    Scale: Thinking big

    Achieving scale is a significant success factor for microinsurance schemes, as low premiums with high costs require substantial volumes to make an initiative sustainable; however to achieve scale is difficult. In an effort to identify lessons that support practitioners, the ILO’s Microinsurance Innovation Facility commissioned Cenfri to review microinsurance initiatives that have achieved scale  to identify and understand their trends and drivers in scale.   Scale:…

    CISNA MI Forum: Official launch of report on Regulating for Inclusive Insurance Markets in SADC

    The report on Regulating for Inclusive Insurance Markets in SADC was officially launched at the SADC Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) Microinsurance Forum in Johannesburg, South Africa on 6 December, 2013. This report supports the implementation of commitments made by Member States of the Southern African Development Community (SADC) to align the regulation of their financial sectors with international standards. These commitments…

    9th International Microinsurance Conference

    At the 9th International Microinsurance Conference hosted by the Munich Re Foundation and the Microinsurance Network in Jakarta, Indonesia Cenfri presented the following work on behalf of the FinMark Trust and the ILO's Microinsurance Innovation Facility  Herman Smit presented the Business Case for Retailers from Cenfri's work with FinMark Trust at the parallel session on Distribution: Selling microinsurance profitably. Please click here to download the presentation…

    1st Consultative Forum Jakarta, Indonesia (2013): Microinsurance business models, risks and regulatory implications

    It has now been five years since the findings from the original five A2ii microinsurance diagnostics in Colombia, India, the Philippines, South Africa and Uganda were synthesised and key themes extracted and disseminated through a series of focus notes. The process elicited insights into how regulation affected the evolution of these microinsurance markets and provided a guide for policy-makers, regulators and supervisors looking to support the development of microinsurance…

    Main findings from focus group discussions (FGDs) in Mozambique

    Cenfri recently released a summary of the main findings from the focus group discussions (FGDs) in Mozambique conducted and authored by the International Capital Corporation (ICC) of Mozambique. The FGDs form part of the demand-side analysis inputs into the forthcoming Access to Insurance Diagnostic in Mozambique commissioned by the United Nations Capital Development Fund (UNCDF) and Gesellschaftfür Internationale Zusammenarbeit (GIZ) in Mozambique and funded in partnership…

    Cenfri Learning Journey (2012)

    Cenfri and the ILO's Microinsurance Innovation Facility have partnered to achieve the common goal of increasing the availability of better insurance products to a greater number of low-income households on the African continent. As an output to the partnership, Cenfri documents emerging lessons learned from its microinsurance activities. In an effort to share these emerging lessons with the wider microinsurance community, Cenfri in collaboration with the ILO's Microinsurance…

    The nature of informality in the South African funeral services market - implications for policymakers and regulators

    Funeral insurance is the most prevalent form of insurance in South Africa with just less than 90% of all risk cover being attributed to this form of insurance, more than a quarter of which is informal.   Cenfri recently released a study on the nature of informality in the South African funeral services market. The study was funded by the International Development Research Centre, Ottawa,…

    ILO's Microinsurance Innovation Facility Annual Report (2012)

    As one of the ILO’s Microinsurance Innovation Facility’s official partners Cenfri is pleased to announce the release of the Microinsurance Innovation Facility's 2012 Annual Report.   The ILO's Microinsurance Innovation Facility and Cenfri have partnered to achieve the common objective of increasing the availability of better insurance products to a greater number of low-income households on the African continent. The Facility's Annual Report contributes to this…