Category: Microinsurance

MICROCAPITAL BRIEF: India’s Jharkhand State Livelihood Promotion Society (JSLPS), MicroSave Launch Financial Education Pilot Program for Self-Help Groups (SHGs)

The Jharkhand State Livelihood Promotion Society (JSLPS), a program of the local government’s Rural Development Department, and MicroSave, a financial inclusion consulting firm headquartered in the northern Indian state of Uttar Pradesh, recently launched a financial education pilot program in the Bero, Khuntipani and Manoharpur blocks of the eastern Indian state of Jharkhand. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Household Responses to Village Bank Access in Laos; Mobile Banking in Kenya; The Role of Banks in Driving Financial Inclusion

“Household Responses to Access to Finance Through GIZ-AFP Village Banks;” published by the Laos-Australia Development Learning Facility; February 2016; 50 pages; available at: http://ladlf.org/images/publications/030516_LADLF_GIZ_HH_Response_to_A2F_Final.pdf Continue reading

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MICROCAPITAL BRIEF: VisionFund International Buying Majority Equity Stake in Opportunity’s Microfinance Institution in Democratic Republic of Congo

Pending regulatory approval, VisionFund International, a US-based affiliate of the Christian humanitarian organization World Vision International, recently agreed to purchase a majority stake in Opportunity International’s (OI’s) microfinance institution (MFI) in the Democratic Republic of Congo (DRC). Continue reading

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MICROFINANCE EVENT: 4th Africa Financial Services Investment Conference (AFSIC); May 4-6, 2016; London, United Kingdom

Event Name: 4th Africa Financial Services Investment Conference (AFSIC)

Event Dates: May 4-6, 2016

Event Location: The Park Plaza Riverbank Hotel; London, United Kingdom Continue reading

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MICROCAPITAL BRIEF: Mobile Phone Service Provider Tigo Tanzania Launching Tigo Nivushe Microlending Product

Tigo Tanzania, a brand of Swedish telecom provider Millicom, recently announced the launch of a “nano-lending product” named Tigo Nivushe. Continue reading

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MICROFINANCE EVENT: Microinsurance Business Models for Africa; April 6-7, 2016; Diani, Kenya

Event Name: Microinsurance Learning Sessions: Microinsurance Business Models for Africa

Event Dates: April 6-7, 2016 Continue reading

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MICROCAPITAL BRIEF: LeapFrog Investments Acquires Ghana’s UT Life Insurance

Leapfrog Investments, a Mauritius-based private equity fund that invests in companies that serve people in Africa and Asia who earn low incomes, recently acquired a majority stake in UT Life Insurance, a Ghana-based insurance company, for an undisclosed price. Continue reading

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MICROCAPITAL BRIEF: Prudential Financial to Invest $350m in African Insurers, To Be Managed by LeapFrog

Prudential Financial Incorporated, a US-based financial services company, recently announced an investment of USD 350 million in life insurance companies in African countries such as Ghana, Kenya and Nigeria. Continue reading

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MICROCAPITAL BRIEF: Insurance Regulatory and Development Authority of India (IRDAI) Extends Microinsurance Compliance Deadline to March 31, 2016

The Insurance Regulatory and Development Authority of India (IRDAI), the government agency charged with overseeing the country’s insurance market, recently announced that it has extended the deadline for insurance companies to withdraw non-compliant microinsurance products from their portfolios to March 31, 2016. Continue reading

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MICROCAPITAL BRIEF: French Insurer AXA Ups Commitment to Microinsurance, Increasing Equity Stake in UK’s MicroEnsure to 46%

MicroEnsure, a UK-based, for-profit microinsurance company founded by US-based NGO Opportunity International, recently announced that AXA Group, a French insurance and asset management company, will pay an undisclosed sum to increase its equity stake in the organization to 46 percent from an unspecified level. Continue reading

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MICROCAPITAL BRIEF: Financial Sector Development Program (FSD) Africa to Invest $2m in Microinsurance Innovation Laboratory of International Labor Organization’s (ILO’s) Impact Insurance Facility

The Financial Sector Development Program (FSD) Africa, a project funded by the UK’s Department for International Development (DfID), will invest USD 1.8 million over the next four years in the “microinsurance innovation laboratory” to be developed by the Impact Insurance Facility (IIF) of the International Labor Organization (ILO), an agency of the United Nations. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Mapping Pathways Out of Poverty; Marketing Insurance to Women; Sustaining Financial Inclusion in the Philippines

“Mapping Pathways out of Poverty: The State of the Microcredit Summit Campaign Report, 2015;” published by the Microcredit Summit Campaign; December 2015; available at: http://www.microfinancegateway.org/library/mapping-pathways-out-poverty-state-microcredit-summit-campaign-report-2015
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MICROCAPITAL BRIEF: International Labor Organization’s (ILO’s) Impact Insurance Facility, Africa Reinsurance Corporation (Africa Re) Partner to Promote African Microinsurance

The Impact Insurance Facility (IIF) of the International Labor Organization (ILO), an agency of the United Nations, and Africa Reinsurance Corporation (Africa Re), a Nigeria-based corporation that assists reinsurance institutions and invests in the African insurance sector, have agreed to partner to promote inclusive microinsurance markets for the financially excluded population in Africa[1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Labor Organization’s (ILO’s) Impact Insurance Facility, Africa Reinsurance Corporation (Africa Re) Partner to Promote African Microinsurance Posted in Africa, Deals, Microinsurance

SPECIAL REPORT: How Microinsurance Affected Mongolian Herders Rebuilding After Drought

European Microfinance WeekAt European Microfinance Week yesterday, Veronika Bertram-Hümmer of Deutsches Institut für Wirtschaftsforschung Berlin (the German Institute for Economic Research) and Leibniz Universitat Hannover presented research on how insured and uninsured herders in Mongolia recovered from the 2009-2010 drought that killed 22 percent of the livestock in the country. Insured households received an average payout of USD 312. None used the money to buy livestock, instead opting Continue reading

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MICROFINANCE EVENT: Microfinance Egypt Summit, March 23-24, 2016, Cairo, Egypt

Event Name: Microfinance Egypt Summit

Event Dates: March 23-24, 2016

Event Location: The Nile Ritz-Carlton Cairo, Egypt Continue reading

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MICROCAPITAL BRIEF: Commercial Bank of Ceylon, Ceylinco Insurance, Bima Launch Disability, Accident Microinsurance in Sri Lanka

Two firms based in Sri Lanka, Commercial Bank of Ceylon and Ceylinco Insurance, and Bima, a Sweden-based microinsurance service provider, recently launched an insurance program to protect microborrowers against permanent disability and accidental death. Continue reading

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MICROFINANCE EVENT: Munich Re Foundation, FMSAR, Microinsurance Network to Host 11th International Microinsurance Conference, November 3-5, 2015, Casablanca, Morocco

Event Name: 11th International Microinsurance Conference 2015: Driving Growth and Sustainability – A Business Case for Microinsurance

Event Date: November 3-5, 2015

Event Location: Hyatt Regency Hotel, Casablanca, Morocco Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Munich Re Foundation, FMSAR, Microinsurance Network to Host 11th International Microinsurance Conference, November 3-5, 2015, Casablanca, Morocco Posted in Africa, Events, Microinsurance