Suave approach will help grow microinsurance significantly
Business News America, 24 August 2012
A "suave" approach will dramatically help expand the recently regulated microinsurance market in Brazil in the coming years, Michael McCord, president of the MicroInsurance Centre, said at the sixth national forum of life insurance and private pensions recently held in São Paulo. He uses "suave" as an acronym standing for: "simple, understood, accessible, valuable and efficient."
Local insurance regulator Susep published the regulatory framework for selling microinsurance in Brazil in June 2012. It established conditions for authorization and operation of microinsurance providers and mandatory parameters for how to acquire and apply microinsurance plans. It also regulates distribution channels, such as mobile phones, banks and other financial institutions.
BB Mapfre will compete with other large players such as Bradesco, which was the first company to request permission from Susep to operate in the microinsurance segment.
ILO says look to macro insurance to protect the poor from natural disasters
Artemis, 9 August 2012
According to the International Labour Organisation, microinsurance alone may not be enough to protect the poor in developing nations from natural disasters and weather related catastrophe events. Where extreme weather events and disasters are concerned the ILO recommends the use of what they have termed meso insurance or macro insurance schemes as microinsurance may be too localised to assist on a larger scale.
“Despite the challenges, and with the help of subsidies, technology and innovative approaches, insurance schemes can play a key role in helping reduce the vulnerability of the poor to weather disasters and global warming,” said Craig Churchill, Head of the ILO's Microinsurance Innovation Facility. However the micro level is not always the most appropriate to target when you are looking to protect through insurance cover against larger weather disasters and climate events. In these cases meso or macro level cover may be more appropriate.
GIZ seeks an advisor for innovative insurance solutions and adaptation to climate change
The Competence Centre for Financial Systems Development of GIZ works on strategies and advisory tools to foster integrated risk management solutions, focusing in particular on the development of risk transfer concepts and insurance solutions. The strategies and advisory tools that are being developed are implemented in GIZ projects and partner institutions worldwide.
GIZ is currently looking for an advisor to:
- Prepare conceptual approaches for use in the field of climate insurance;
- Develop advisory tools;
- Collaborate with selected projects working in the area of financial systems development;
- Support the backstopping of GIZ projects that focus on insurance.
Applications should be sent to Joanna Lowicka before 12 August 2012.
GIZ in Algeria seeks consultants
The "Développement économique durable" programme (DEVED) of GIZ in Algeria is looking for two consultants to implement a diagnostic study of the Algerian market, which will follow the Access to Insurance Initiative methodology.
More precisely, GIZ are seeking:
- One consultant to lead the team of consultants.
- One consultant for implementing an evaluation of the insurance principles according to the International Association of Insurance Supervisors (IAIS) criteria.
Applications should be sent before 12 August 2012.
Read team leader ToR (in French only)
Read evaluation of Insurance basis principles ToR (in French only)
Study on microinsurance in the Middle East: Call for consultant
The Economic and Social Commission for Western Asia (ESCWA) and ILO's Microinsurance Innovation Facility are seeking a consultant to conduct a study on micro insurance in the Middle East (ESCWA region). The study shall cover the availability and the experiences of 12 countries, namely Bahrain, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Saudi Arabia, Syria, Qatar, United Arab Emirates, Yemen and be completed the end of December 2012.
An expression of interest of 1 to 2 pages should be sent to Tanja Sejersen (firstname.lastname@example.org) by end of August 2012.
Read concept note and information sheet.