Microinsurance refers to the provision of insurance to lower-income households. If appropriately designed and intermediated, insurance products can play an important role in reducing vulnerability for low-income households as well as presenting profitable markets for commercial insurance providers. In addition, ensuring well-functioning health financing systems is a critical element of development policy and the delivery of health services.
We’ve done extensive work on the regulation and development of microinsurance and health financing markets in Africa, Latin America and Asia.
The third edition of The State of Microinsurance annual journal looks at microinsurance solutions for climate change, focusing on pioneering ideas in the way micro-insurance is being designed and offered, and highlighting key lessons learned from a range of different programmes and initiatives. Published by the Microinsurance Network, this report
Tax credits and employer subsidies are required to make medical schemes affordable for those earning just above tax threshold. Pre-funded health financing mechanisms are important tools that can protect people against the financial risks of health events and provide access to private healthcare. Such protection is especially important in the
Labour unions play a critical role in improving the well-being of their members through promoting their rights in the workplace. As an organising entity with bargaining power, access to a typically low-income membership-base, footprint and in some instances, significant financial resources at their disposal, unions are well placed to facilitate
There is much dialogue on the way insurance markets can contribute to poverty reduction by helping low-income individuals to preserve assets and mitigate the effects of financial shocks, thereby reducing vulnerability. There has also been significant effort to promote microinsurance to low-income adults. However, less has been written about the
The business of insurance is hard. Microinsurance delivery has proven to be nearly impossible. Despite almost two decades of focus on the under and uninsured, microinsurance reaches just under 300 million people across the developing world. This is only around 10% of the potential market for insurance. While promising examples
Nearly a year ago, we joined the A2ii in Abidjan to sit down with a roomful of regulators to discuss the challenges and imperatives CIMA faces in regulating mobile insurance at the CIMA-A2ii Workshop on Mobile Insurance Regulation. In the CIMA context, as with most countries in Africa, mobile network operators (MNOs) and the technical
It is over a decade since the first microinsurance regulations were introduced in India in 2005. With at least 18 insurance supervisors having rolled out microinsurance regulations since the landscape is now vastly different. This report from Access to Insurance Initiative (A2ii) looks back at what supervisory approaches have been undertaken
Over the last decade, microinsurance has grown from covering fewer than 100 million risks to covering more than 500 million. But are we overstating what this growth means for insurance market development? The diagram below illustrates how an insurance market typically develops in a country: from initially just underwriting large
In 2014, 22.2% of adults in Zambia were covered by insurance. In 2015, just 2.6% were. If you are working on insurance in Zambia you would probably think the magnitude of this change was because of the discontinuing of the Airtel Life product. But even if you exclude Airtel Life
What if you could simply swipe your card every time you wanted to pay for a minibus taxi ride? That might be more convenient than carrying the right change in cash… But what about if you are automatically insured for the trip you’re about to take, as a result of
The third edition of The State of Microinsurance annual journal looks at microinsurance solutions for climate change, focusing on pioneering ideas in the way micro-insurance is being designed and offered, and highlighting key lessons learned from a range of different programmes and initiatives. Published by the Microinsurance Network, this report
Tax credits and employer subsidies are required to make medical schemes affordable for those earning just above tax threshold. Pre-funded health financing mechanisms are important tools that can protect people against the financial risks of health events and provide access to private healthcare. Such protection is especially important in the
Labour unions play a critical role in improving the well-being of their members through promoting their rights in the workplace. As an organising entity with bargaining power, access to a typically low-income membership-base, footprint and in some instances, significant financial resources at their disposal, unions are well placed to facilitate
There is much dialogue on the way insurance markets can contribute to poverty reduction by helping low-income individuals to preserve assets and mitigate the effects of financial shocks, thereby reducing vulnerability. There has also been significant effort to promote microinsurance to low-income adults. However, less has been written about the
The business of insurance is hard. Microinsurance delivery has proven to be nearly impossible. Despite almost two decades of focus on the under and uninsured, microinsurance reaches just under 300 million people across the developing world. This is only around 10% of the potential market for insurance. While promising examples
Nearly a year ago, we joined the A2ii in Abidjan to sit down with a roomful of regulators to discuss the challenges and imperatives CIMA faces in regulating mobile insurance at the CIMA-A2ii Workshop on Mobile Insurance Regulation. In the CIMA context, as with most countries in Africa, mobile network operators (MNOs) and the technical
It is over a decade since the first microinsurance regulations were introduced in India in 2005. With at least 18 insurance supervisors having rolled out microinsurance regulations since the landscape is now vastly different. This report from Access to Insurance Initiative (A2ii) looks back at what supervisory approaches have been undertaken
Over the last decade, microinsurance has grown from covering fewer than 100 million risks to covering more than 500 million. But are we overstating what this growth means for insurance market development? The diagram below illustrates how an insurance market typically develops in a country: from initially just underwriting large
In 2014, 22.2% of adults in Zambia were covered by insurance. In 2015, just 2.6% were. If you are working on insurance in Zambia you would probably think the magnitude of this change was because of the discontinuing of the Airtel Life product. But even if you exclude Airtel Life
What if you could simply swipe your card every time you wanted to pay for a minibus taxi ride? That might be more convenient than carrying the right change in cash… But what about if you are automatically insured for the trip you’re about to take, as a result of
