Insurance Education

The Insurance Education Working Group seeks to promote microinsurance through the identification and documentation of best practices, the provision of guidance on insurance education and global advocacy for insurance education.

News

The Insurance Education Working Group just published  A Landscape Study of Micro Insurance Education  (2011)!

Liz McGuiness took over the facilitation of the Working Group in June 2011.

The group met for the second time this year in November at the 7th International Microinsurance Conference in Rio de Janeiro, Brazil.

Annual workplan

In 2011, the Insurance Education Working Group will:

• Contribute to the online marketplace in association with the Capacity Building Working Group;
• Raise funds
• Hire resources

Additional information

The Insurance Education Working Group seeks to achieve its objective by taking stock of educational materials already developed, identifying and documenting best practices, encouraging the sharing of resources across the microinsurance community, and designing new materials to further promote awareness and intake of microinsurance to resource-poor populations.

Past activities

2010

The Working Group published 'A Landscape Study of Microinsurance Education', which was carried out by the Micro Insurance Academy (MIA), with the support of the Microinsurance Network, the Aga Khan Agency for Microfinance (AKAM), the Financial Access Initiative (FAI) and ILO’s Microinsurance Innovation Facility (MIF). The study is based on a survey, which was designed to explore the insurance education practices that organisations are employing, specifically with respect to low-income populations.

This was the result of ongoing work since the Working Group’s inception, which started with a stocktaking exercise of available education material in microinsurance. The first phase, a survey, received an overwhelming response with over 1000 entries. Of these entries, 352 survey responses were complete and of those, 242 organisations were active in insurance education.  

Furthermore, in-depth interviews with over 100 organisations from over 50 countries were conducted as well as case studies covering CARE India and partner organisations (Bajaj Allianz, CREED, Avvai). The draft report was then made available for peer review.

This Working Group was set up in November 2008.

Mode of operations

This Working Group has two annual meetings, exchanges through a specific mailing list, and meets or sets up conference calls in small project specific groups.