Microinsurance

Swaziland microinsurance review (2011)

Cenfri was commissioned by the insurance regulator in Swaziland, the Registrar of Insurance and Retirement Funds (RIRF), to conduct a demand, supply and regulatory study for the potential of microinsurance development in the country. The study forms part of a series of Access to Insurance Initiative (A2ii) studies that assess the potential for microinsurance development across many developing and emerging economies.   The findings of the…

Update on microinsurance innovation in Brazil (2011)

These case studies on microinsurance innovation in Brazil forms part of a series of case studies on alternative, innovative microinsurance distribution models prepared for the International Labour Organization’s Microinsurance Innovation Facility. These case studies are focused on retailer, utility and telecomunications distribution of microinsurance. The first case study covers the partnerships between Mapfre, an insurance company, and Casas Bahia and Vivo, a white-label goods retailer company and mobile phone operator.…

Brokering change: Opportunities and challenges for the intermediation of microinsurance in South Africa (2006)

This documents presents research (conducted in 2006) on the opportunities and challenges faced by insurance intermediaries in the South African microinsurance market. Cenfri team members were part of the Genesis Analytics research team that conducted this research for the FinMark Trust (www.finmark.org.za). Click here to download the document (PDF, 1.1MB)

Making insurance markets work for the poor (2009): Thematic Focus notes (English, French, Portuguese and Spanish)

  To support the development of microinsurance markets a project was launched under the auspices of the International association of Insurance Supervisors (IAIS)-Microinsurance Network (MIN) Joint Working Group on Microinsurance (JWGMII) aimed at mapping the experience of five developing countries – Colombia, India, the Philippines, South Africa and Uganda – where microinsurance markets have evolved in varying degrees.   The objective was to assess how…

Making insurance markets work for the poor: Policy, regulation and supervision (2008)

This document presents the synthesis findings from of a five-country (Colombia, India, Philippines, South Africa and Uganda) case study on the role of regulation in the development of microinsurance markets.   Members of Cenfri managed the project and supported the development of the case studies as part of a Genesis Analytics team on behalf of the FinMark Trust. We participated directly in the development of…

Microinsurance in Brazil: Opportunities for market development (2009)

  Cenfri has been commissioned by the Brazilian National School for Insurance (Funenseg) and the insurance industry association (CNSeg) to do a study to assess the current and potential microinsurance market in Brazil, the drivers of market development and the opportunities and challenges for microinsurance expansion. This study will serve as input to the microinsurance consultative commission– a joint process between the regulator, other government…

Opportunities and challenges for the development of microinsurance in Ethiopia (2008)

Conducted for the International Labour Organization (ILO) and United Nations Capital Development Fund (UNCDF) this Cenfri research project reviews the opportunities and challenges for microinsurance emerging from the regulatory, supply-side and demand-side characteristics of the Ethiopian microinsurance market.

Rethinking intermediation (2010)

Cenfri made a presentation on insurance innovation at the Financial Stability Institute’s meeting on microinsurance in Basel (6-8 July 2010). The meeting was hosted in collaboration with the Access to Insurance Initiative (click here to read more) and attended by an audience of supervisors from 21 developing countries. The focus was on discussing the latest developments in microinsurance and particularly the implications for policy and…

South Africa: A regulatory review of formal and informal funeral insurance markets (2005)

This documents presents research on the operation and regulation of the formal and informal funeral insurance market in South Africa. Cenfri team members were part of the Genesis Analytics research team that conducted this research for the FinMark Trust (www.finmark.org.za). Click here to download the document (PDF: 1.3Mb) Click here to download transcripts from focus groups (PDF: 130Kb)

The Future of Microinsurance Regulation in South Africa (2008)

 This South African National Treasury discussion paper on microinsurance sets out the proposed new approach to the regulation of microinsurance. The proposed approach seeks to balance the need for consumer protection with financial inclusion and reduce the impact of the cost of regulation on the market. It also proposes changes to the way market conduct and intermediaries are regulated in the low-income market. Cenfri team members were involved…

The thing about informality (2010)

Cenfri made a presentation on the issue of informal insurance markets at the Financial Stability Institute’s meeting on microinsurance in Basel (6-8 July 2010). The meeting was hosted in collaboration with the Access to Insurance Initiative (click here to read more) and attended by an audience of supervisors from 21 developing countries. The focus was on discussing the latest developments in microinsurance and particularly the…

Towards a strategy for microinsurance development in Zambia: Market and regulatory analysis (2009)

  Cenfri, in collaboration with Yoseph Aseffa, has recently completed a study commissioned by the ILO/UNCDF and FinMark Trust to consider the opportunities and challenges to microinsurance development in Zambia. Click here to download the final report (PDF: 1.8MB) Click here to download Cenfri workshop presentation (PDF: 883.77KB) Click here to download ILO workshop presentation (PDF: 240.44KB) Click here to download the FinMark Trust Zambia focus note Financial…

Towards new typologies for microinsurance intermediation (2007)

Distribution is one of the key challenges in extending microinsurance to the low-income market. Traditionally, insurance distribution is either via brokers or agents or, in the low-income space, on a compulsory sales basis on the back of credit. More recently, commercial insurers have started to employ other, alternative distribution channels striving to find efficient distribution models that are suited to the unique challenges of the…

Update on microinsurance innovation in Colombia (2011)

This case study on microinsurance innovation in Colombia forms part of a series of case studies on alternative, innovative microinsurance distribution models prepared for the International Labour Organization’s Microinsurance Innovation Facility. The case study covers three channels, namely the partnership between Codensa, an electricity utility company, and the insurance company Mapfre; the model developed by the Carrefour supermarket chain with insurer Colseguros; and the partnership between…

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Microinsurance

Swaziland microinsurance review (2011)

Cenfri was commissioned by the insurance regulator in Swaziland, the Registrar of Insurance and Retirement Funds (RIRF), to conduct a demand, supply and regulatory study for the potential of microinsurance development in the country. The study forms part of a series of Access to Insurance Initiative (A2ii) studies that assess the potential for microinsurance development across many developing and emerging economies.   The findings of the…

Update on microinsurance innovation in Brazil (2011)

These case studies on microinsurance innovation in Brazil forms part of a series of case studies on alternative, innovative microinsurance distribution models prepared for the International Labour Organization’s Microinsurance Innovation Facility. These case studies are focused on retailer, utility and telecomunications distribution of microinsurance. The first case study covers the partnerships between Mapfre, an insurance company, and Casas Bahia and Vivo, a white-label goods retailer company and mobile phone operator.…

Brokering change: Opportunities and challenges for the intermediation of microinsurance in South Africa (2006)

This documents presents research (conducted in 2006) on the opportunities and challenges faced by insurance intermediaries in the South African microinsurance market. Cenfri team members were part of the Genesis Analytics research team that conducted this research for the FinMark Trust (www.finmark.org.za). Click here to download the document (PDF, 1.1MB)

Making insurance markets work for the poor (2009): Thematic Focus notes (English, French, Portuguese and Spanish)

  To support the development of microinsurance markets a project was launched under the auspices of the International association of Insurance Supervisors (IAIS)-Microinsurance Network (MIN) Joint Working Group on Microinsurance (JWGMII) aimed at mapping the experience of five developing countries – Colombia, India, the Philippines, South Africa and Uganda – where microinsurance markets have evolved in varying degrees.   The objective was to assess how…

Making insurance markets work for the poor: Policy, regulation and supervision (2008)

This document presents the synthesis findings from of a five-country (Colombia, India, Philippines, South Africa and Uganda) case study on the role of regulation in the development of microinsurance markets.   Members of Cenfri managed the project and supported the development of the case studies as part of a Genesis Analytics team on behalf of the FinMark Trust. We participated directly in the development of…

Microinsurance in Brazil: Opportunities for market development (2009)

  Cenfri has been commissioned by the Brazilian National School for Insurance (Funenseg) and the insurance industry association (CNSeg) to do a study to assess the current and potential microinsurance market in Brazil, the drivers of market development and the opportunities and challenges for microinsurance expansion. This study will serve as input to the microinsurance consultative commission– a joint process between the regulator, other government…

Opportunities and challenges for the development of microinsurance in Ethiopia (2008)

Conducted for the International Labour Organization (ILO) and United Nations Capital Development Fund (UNCDF) this Cenfri research project reviews the opportunities and challenges for microinsurance emerging from the regulatory, supply-side and demand-side characteristics of the Ethiopian microinsurance market.

Rethinking intermediation (2010)

Cenfri made a presentation on insurance innovation at the Financial Stability Institute’s meeting on microinsurance in Basel (6-8 July 2010). The meeting was hosted in collaboration with the Access to Insurance Initiative (click here to read more) and attended by an audience of supervisors from 21 developing countries. The focus was on discussing the latest developments in microinsurance and particularly the implications for policy and…

South Africa: A regulatory review of formal and informal funeral insurance markets (2005)

This documents presents research on the operation and regulation of the formal and informal funeral insurance market in South Africa. Cenfri team members were part of the Genesis Analytics research team that conducted this research for the FinMark Trust (www.finmark.org.za). Click here to download the document (PDF: 1.3Mb) Click here to download transcripts from focus groups (PDF: 130Kb)

The Future of Microinsurance Regulation in South Africa (2008)

 This South African National Treasury discussion paper on microinsurance sets out the proposed new approach to the regulation of microinsurance. The proposed approach seeks to balance the need for consumer protection with financial inclusion and reduce the impact of the cost of regulation on the market. It also proposes changes to the way market conduct and intermediaries are regulated in the low-income market. Cenfri team members were involved…

The thing about informality (2010)

Cenfri made a presentation on the issue of informal insurance markets at the Financial Stability Institute’s meeting on microinsurance in Basel (6-8 July 2010). The meeting was hosted in collaboration with the Access to Insurance Initiative (click here to read more) and attended by an audience of supervisors from 21 developing countries. The focus was on discussing the latest developments in microinsurance and particularly the…

Towards a strategy for microinsurance development in Zambia: Market and regulatory analysis (2009)

  Cenfri, in collaboration with Yoseph Aseffa, has recently completed a study commissioned by the ILO/UNCDF and FinMark Trust to consider the opportunities and challenges to microinsurance development in Zambia. Click here to download the final report (PDF: 1.8MB) Click here to download Cenfri workshop presentation (PDF: 883.77KB) Click here to download ILO workshop presentation (PDF: 240.44KB) Click here to download the FinMark Trust Zambia focus note Financial…

Towards new typologies for microinsurance intermediation (2007)

Distribution is one of the key challenges in extending microinsurance to the low-income market. Traditionally, insurance distribution is either via brokers or agents or, in the low-income space, on a compulsory sales basis on the back of credit. More recently, commercial insurers have started to employ other, alternative distribution channels striving to find efficient distribution models that are suited to the unique challenges of the…

Update on microinsurance innovation in Colombia (2011)

This case study on microinsurance innovation in Colombia forms part of a series of case studies on alternative, innovative microinsurance distribution models prepared for the International Labour Organization’s Microinsurance Innovation Facility. The case study covers three channels, namely the partnership between Codensa, an electricity utility company, and the insurance company Mapfre; the model developed by the Carrefour supermarket chain with insurer Colseguros; and the partnership between…

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