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.
Insurance usage in South Africa has for a long time been out of reach of the majority of the low-income population. In 2004, the FinScope survey of financial services usage reported that only 13% of the country’s low-income population had at least one long-term insurance product. The usage figure for
Funeral insurance is not just insurance business as usual and requires a dedicated understanding of the dynamics driving funeral insurance markets. This applies to both insurers seeking to effectively target and distribute it, as well as for regulators seeking to find the right regulatory approach to it. Published by ILO
Microinsurance (or insurance in general) may not be affordable to all Swazis. Below a certain income threshold, non-market interventions such as public social safety nets can play the role of insurance. With this in mind, the market opportunity for microinsurance in Swaziland is estimated to stand at about 633,000 people.
These 2011 case studies on microinsurance innovation in Brazil forms part of a series on alternative, innovative microinsurance distribution models. These case studies are focused on retailer, utility and telecommunications distribution of microinsurance. The first case study covers the partnerships between Mapfre, an insurance company, and Casas Bahia and Vivo,
This 2011 case study on microinsurance innovation in Colombia forms part of a series of case studies on alternative, innovative microinsurance distribution models prepared for the ILO’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 International Labour Organization’s (ILO) Microinsurance Innovation Facility (MIF) commissioned Cenfri to compare innovative distribution models from India, South Africa, Colombia and Brazil. The study was based on several case studies conducted and commissioned by Cenfri. The aim was to create a typology for innovative microinsurance distribution channels and extract
This body of work aimed to map the landscape of microinsurance in Mozambique with the objective to identify the barriers to and opportunities for insurance market development and to make regulatory and market-related recommendations for future development. This document provides summaries of the regulatory and insurance industry analyses, the take-up
During the last ten years, South Africa has achieved remarkable progress in the area of financial inclusion for lower-income households in specifically the banking and, to a lesser degree, insurance markets. Limited progress has been made in expanding medical schemes (government’s chosen vehicle for private health financing) to more South
South Africa has one of the most innovative insurance markets in the world. It is also considered one of the leading microinsurance jurisdictions. Commercial insurers have reached significant penetration in the low-income market, albeit largely through funeral and credit life insurance. This 2010 study provides an update on innovative microinsurance
This study was commissioned by FinMark Trust to investigate the cell captive landscape in South Africa and the potential that cell captives may have in promoting insurance inclusion, through extending the reach of the microinsurance market. Relevance of the study Access to insurance is an important strategy for reducing poverty.
Insurance usage in South Africa has for a long time been out of reach of the majority of the low-income population. In 2004, the FinScope survey of financial services usage reported that only 13% of the country’s low-income population had at least one long-term insurance product. The usage figure for
Funeral insurance is not just insurance business as usual and requires a dedicated understanding of the dynamics driving funeral insurance markets. This applies to both insurers seeking to effectively target and distribute it, as well as for regulators seeking to find the right regulatory approach to it. Published by ILO
Microinsurance (or insurance in general) may not be affordable to all Swazis. Below a certain income threshold, non-market interventions such as public social safety nets can play the role of insurance. With this in mind, the market opportunity for microinsurance in Swaziland is estimated to stand at about 633,000 people.
These 2011 case studies on microinsurance innovation in Brazil forms part of a series on alternative, innovative microinsurance distribution models. These case studies are focused on retailer, utility and telecommunications distribution of microinsurance. The first case study covers the partnerships between Mapfre, an insurance company, and Casas Bahia and Vivo,
This 2011 case study on microinsurance innovation in Colombia forms part of a series of case studies on alternative, innovative microinsurance distribution models prepared for the ILO’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 International Labour Organization’s (ILO) Microinsurance Innovation Facility (MIF) commissioned Cenfri to compare innovative distribution models from India, South Africa, Colombia and Brazil. The study was based on several case studies conducted and commissioned by Cenfri. The aim was to create a typology for innovative microinsurance distribution channels and extract
This body of work aimed to map the landscape of microinsurance in Mozambique with the objective to identify the barriers to and opportunities for insurance market development and to make regulatory and market-related recommendations for future development. This document provides summaries of the regulatory and insurance industry analyses, the take-up
During the last ten years, South Africa has achieved remarkable progress in the area of financial inclusion for lower-income households in specifically the banking and, to a lesser degree, insurance markets. Limited progress has been made in expanding medical schemes (government’s chosen vehicle for private health financing) to more South
South Africa has one of the most innovative insurance markets in the world. It is also considered one of the leading microinsurance jurisdictions. Commercial insurers have reached significant penetration in the low-income market, albeit largely through funeral and credit life insurance. This 2010 study provides an update on innovative microinsurance
This study was commissioned by FinMark Trust to investigate the cell captive landscape in South Africa and the potential that cell captives may have in promoting insurance inclusion, through extending the reach of the microinsurance market. Relevance of the study Access to insurance is an important strategy for reducing poverty.
