Microinsurance Podcast # 2 - Is client value just a fad?
The second edition of the podcast is an interview with Michael McCord, President of the MicroInsurance Centre and coordinator of the Microinsurance Learning and Knowledge (MILK) project, and Alexia Latortue, Deputy CEO of CGAP, on the importance of client value in microinsurance. A number of issues are discussed, including:
- Innovations in the field that improve the value of products.
- Which stakeholders are most influential when it comes to improving client value?
- Why has client value become such a hot topic of discussion of late?
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Microinsurance Trilogy N°27 - Summer 2012 edition available
This edition of the Microinsurance Trilogy focuses on the various roles and approaches donors can play in microinsurance. The newsletter has been co-edited by the Funders Discussion Group of the Microinsurance Network, formerly known as the Donors Discussion Group, which aims to improve collaborations, share lessons and maximise the effectiveness of funders.
The first article highlights some ideas for donors to accelerate the provision of insurance that provides value for low-income clients. The second article explores the Microinsurance Catastrophe Risk Organisation (MiCRO), and the role of donors in spearheading this public-private partnership to help develop risk coping mechanisms in the Caribbean and beyond.
Download newsletter: (English) (Français) (Español)
Call for rapporteurs for the 8th International Microinsurance Conference
Munich Re Foundation and the Microinsurance Network are seeking rapporteurs for the 8th International Microinsurance Conference, which will take place from 6 to 8 November 2012, in Dar es Salaam, Tanzania.
Rapporteurs will assist the editor of the conference report. The main responsibilities are the following:
- Write 4-5 summaries for selected conference sessions (800-1200 words)
- Assist the facilitator during the session in case of any problems to ensure a smooth flow of the session.
Interested applicants should submit their CVs (in English) and at least one autographic work as a reference (ideally on microinsurance) to firstname.lastname@example.org before 31 August 2012.
The Microinsurance Network is recruiting!
The Microinsurance Network is looking to recruit a small team for the secretariat, which is based in Luxembourg. Although already operational for ten years as an informal platform, the Network was formalised only this year. Successful candidates would therefore be working for a start-up, which is now getting ready for a new phase of strategic focus and institutional strengthening. If you are a self-starter and a team player, this start-up will provide you with a great opportunity for professional growth.
The following posts are available:
- Microinsurance Knowledge Coordinator (Deadline 9 September 2012)
As the Microinsurance Knowledge Coordinator, you will be responsible for structuring and making accessible knowledge generated by the Network and its working groups in order to encourage knowledge exchange and promote continuity and good practices across the different communities. You will be working closely with the working and discussion groups for this mission. More information
- Network Communication Coordinator (Deadline 2 September 2012)
As the Network Communication Coordinator, you will be responsible for ensuring effective communication and visibility of the Network's activities as well as raising awareness about microinsurance among different stakeholder groups. You should have a good journalism or communication background, and strong project management skills. More information
- Secretariat administrator (Deadline 2 September 2012)
As the Secretariat administrator, you will be responsible for providing administrative support to the staff and for looking after office coordination to ensure the proper running of the secretariat. You should have a secretarial background, and strong organisational skills. More information
Please visit the website for more information on the Network
The “International Microinsurance Conference - Learning Sessions Ghana” report published
This report captures the key lessons and messages as well as outcomes from the conference, which took place in Accra, Ghana, from 22 to 23 May 2012. The Conference was jointly hosted by the National Insurance Commission (NIC) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and supported by the Munich Re Foundation, the Microinsurance Network (MIN) and Making Finance Work for Africa (MFW4A).
The conference offered a learning and networking platform for key stakeholders in the Ghanaian insurance sector engaged or interested in the development of microinsurance. Presentations and discussions focussed on innovative approaches to promote microinsurance, the exchange of experience and the development of proposals for action to boost the emerging microinsurance market in Ghana. Senior representatives from insurance companies, distribution channels, and regulators representing Ghana and various African and European countries attended the gathering. In total 180 participants attended the two day event.
The conference ended with a clear commitment from major stakeholders in the Ghanaian insurance sector to join hands to expand the provision of microinsurance services to customers in Ghana.
Registration open! 8th International Microinsurance Conference
Registration for the 8th International Microinsurance Conference is now open! The conference, which will take place from 6 to 8 November 2012 in Dar es Salaam, Tanzania, will have around 80 speakers presenting in 24 sessions.
Around 500 participants and experts from around the world are expected to attend and discuss the challenges of microinsurance. They include representatives from insurance and reinsurance companies, international organisations, NGOs, development-aid agencies, academics, policymakers, regulators and supervisors.
New to this year’s conference are workshops and training sessions on specific topics that aim to broaden the experience of participants and increase their engagement. Another new issue being addressed at the conference is ‘Failures in microinsurance’, which will examine the reasons behind unsuccessful projects.
The preliminary agenda is available for consultation and all other information can be found on the conference website.
Fill out the registration form
What are the emerging challenges in microinsurance?
The second big question of the year relates to a paper entitled "Visions of the Future of Microinsurance, And Thoughts on Getting There", which was published by USAID in 2008. Microinsurance experts identified in the paper four general challenges to further the development of microinsurance:
- Coordination of knowledge of activities to allow all parties (...) to maximize effectiveness.
- Improving products and processes that recognize the needs of low-income families and satisfy their needs with value.
- Innovation in processes that can be replaced or augmented by technology.
- Careful development of regulation that effectively balances the need for consumer protection with the flexibility needed to develop and service a massive market. (source)
Read the article "What are the emerging challenges in microinsurance?" and let us know what you think by commenting and answering the questions below:
Please also refer to additional comments on LinkedIn