Insurance for the poor
Only 10 million out of 2 billion poor have access to insurance. Inadequate financial instruments, difficult regulatory environments for providers and the lack of information for customers are the key obstacles to reducing health, life and non-life risks for poor individuals and communities.
Together with CGAP, insurance regulators, associations and private companies, the Financial Markets and Social Safety Net group will launch a series of learning events on how microinsurance can work for poor and risk-exposed clients.
The first workshop will take place on May 7-8 in Rio de Janeiro and will focus on: improving service delivery of insurance, particularly those in the informal sector; alternative delivery channels, beyond MFIs and commercial banks; and the role for international institutions like the World Bank.
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Hi, I thought I should forward you a recent publication by Munich Re and the ILO on the topic of microinsurance. It covers the many aspects of microinsurance in detail including product design, marketing, premium collection and governance. It also discusses the various institutional arrangements available for delivery such as the community-based approach, insurance companies owned by networks of savings and credit cooperatives and microfinance institutions. The roles of key stakeholders are also explored and the book discusses strategies for achieving the right balance between coverage, costs and price. All information and full report are online at http://www.munichre-foundation.org/StiftungsWebsite/Projects/Microinsurance/2006Microinsurance/Microinsurance_Compendium.htm
Posted by: Filippo Veglio | May 3, 2007 3:46:08 AM