Microinsurance in Africa grows by 200% benefitting 44 million people
The Landscape of Microinsurance in Africa 2012, a study by Making Finance Work for Africa (MFW4A) and the Munich Re Foundation, supported by the African Development Bank, ILO’s Microinsurance Innovation Facility and the Microinsurance Network, provides an up to date overview of the state of the microinsurance market in Africa.
The study finds that more than 44 million Africans use microinsurance products as tools to manage the risks they are exposed to. Compared to 2008, the African microinsurance industry has grown by 200%. Still, a huge potential remains: 38 million insured people are concentrated in Eastern and Southern Africa - South Africa alone accounting for 60% of coverage - while in Central and North Africa, the microinsurance sector remains rather limited. Thanks to the culturally-rooted widespread use of funeral insurance in Southern Africa, life insurance still dominates the market, covering 34 million and leaving the huge demand for health, agriculture, accident and property covers largely unmet.
If you want to find out more about microinsurance in Africa check out the interactive map and the comprehensive study as well as short briefing notes in English and French on www.mfw4a.org or www.microinsurancelandscape.org.
Webinar on 'Social Performance Indicators for Microinsurance'
Microinsurance pioneers and practitioners frequently underline their social focus but are often unable to support these intentions with figures and adapted reports.
In 2010, the Microinsurance Network's Performance Working Group initiated a sector wide consensus building process, culminating in 2013 in the publication of the new handbook titled 'Social Performance Indicators for Microinsurance'.
A webinar will present these new indicators, as well as a new Social Performance Framework for Microinsurance, which enables practitioners to go beyond good intentions by monitoring and documenting their social performance and improving their operations accordingly.
When: Tuesday, June 11, 2013, from 2:00 PM to 3:00 PM CEST
For more information on the handbook 'Social Performance Indicators for Microinsurance', published by ADA in close collaboration with BRS, GIZ, Grameen Crédit Agricole Microfinance Foundation and the Microinsurance Network, please click here.
For more information and to reserve a space on the webinar click here.
Network event & webinar: Health microinsurance in 2013
Health microinsurance is gaining increasing attention as a potential solution to increase access to health care by low income populations while reducing their exposure to financial risk. Recent research brings into focus a number of specific issues related to the implementation, client value and business case of micro health insurance, as well as its potential role in social protection.
Please join members of the Microinsurance Network for an event and webinar on "Health microinsurance in 2013: Where are we at?"
Discussions will focus on the latest findings in health microinsurance, including the relative importance of covering inpatient and outpatient care, the design of insurance product that increase access to quality health care, the role of subsidies and technology, how to reach scale, and the role of governments.
The discussion will be informed by the following recently completed studies:
- Leveraging Health Microinsurance in the Movement Towards Universal Health Coverage
- Doing the Math: Outpatient Health Insurance in Tanzania
- The Business Case for Health Microinsurance in India: Scalable? Sustainable? Without Government Subsidy?
- Lessons Learned and Good Practices in Health Microinsurance: A Guide for Practitioners
- Value Added Services in Health Microinsurance
- An Online Inventory of Health Microinsurance Schemes and Lessons Learned
When: Thursday, May 23, 2013 from 12 to 1:30 pm EST
Where: Room P6-170 (6th floor), Building n 900 19th Street, NW, Washington, DC - and by webinar
Please RVSP by May 16 to Lauren Peterson if you plan to attend in person or would like to be connected via webinar.