ICMIF Magazine PROSPER Nr. 8 (September 2010)

In this 8th issue, PROSPER reports on the collaboration between CIC Kenya and VimoSEWA (India) to develop a long term strategic plan and between Tajy (Paraguay) and La Segunda (Argentina) to introduce agricultural insurance in Paraguay, demonstrating what members can do when they come together. Congratulations go to La Equidad of Colombia and SSVMN in Costa Rica for reaching their respective 40 and 90 years anniversary, proving once again that the cooperative and mutual model can be sustainable and successful whilst delivering access to excluded sectors of society.  

The feature section is on the recent International Association of Insurance Supervisors (IAIS) Issues paper “Regulation and Supervision of MCCOs in increasing access to insurance markets”. Members from across the globe provided their feedback on the draft and the IAIS Governance and Compliance Subcommittee has now recommended it to the IAIS Technical Committee, which will consider the paper for adoption in October 2010.

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Trends of Microinsurance in India

MicroSave India Focus Note 49, Premasis Mukherjee, August 2010

Developing a strategic perspective towards microinsurance

This note provides an overview of the state of microinsurance in India and based on this, draws the following conclusions:

• Though India has experimented a lot with microinsurance, the sector is still driven by supply-led interventions.
• Moreover, the insurance providers still seek government subsidies and donor funding in order to achieve financial viability instead of designing market-led, sustainable schemes.

The recommendation proposes a strategic perspective towards microinsurance together with innovations in technology and assessment of client demand, which probably holds the key to the future of microinsurance in India.

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Innovation Flash, Issue 7, published

The ILO's Microinsurance Innovation Facility just published the seventh issue of its newsletter, which includes an editorial from Peter Wrede from AKAM. He asks "Should we keep on calling insurance for the bottom of the pyramide "micronsurance"?"

The Newsletter highlights the Facility's new grantees, presents lessons concerning the distribution channels and shares publications and opportunities for the sector.

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6th edition of Micro Insurance Voices available

The latest issue of Micro Insurance Voices, the newsletter of the Micro Insurance Academy (MIA), is available online. This edition includes details on the release of the MIA-produced first full-length Bollywood movie on microinsurance, a short briefing note on MIA's recent work in Tanzania, and news on MIA's work at grassroots level in South Asia.

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