MICROFINANCE PUBLICATION ROUND-UP: Willingness to Pay for Business Correspondents in India, Health Microinsurance Third Party Payment Mechanisms, Accenture Development Partners Report on Microinsurance

The Answer is ‘Yes’—Cost and Willingness to Pay in India;” by Akhand Tiwari, Akhilesh Singh, Ann-Byrd Platt, Graham A N Wright, Minakshi Ramji and Sachin Bansal; published by MicroSave; 2011; 16 pages; available at http://ami.microsave.org/sites/default/files/research_papers/CWP_Summary…

This paper summarizes the results of a study conducted by MicroSave, an India-based resource center for microfinance practitioners, regarding the use of business correspondents (BCs), particularly in the Indian states of Rajasthan, Tamil Nadu and Uttar Pradesh. It explores the business case for Indian banks using BCs and considers customers’ willingness to pay for the service. According to the findings, a significant number of respondents have difficulty conducting bank transactions and are willing to pay extra for the convenience of BC services.

Third Party Payment Mechanisms in Health Microinsurance,” by Pascale Le Roy and Jeanna Holtz, published by the Microinsurance Innovation Facility, October 2011, 41 pages, available at http://www.ilo.org/public/english/employment/mifacility/download/mpaper1…

This paper discusses the results of a study conducted by the Microinsurance Innovation Facility of the UN’S International Labour Organization and the Microinsurance Network’s working group on health insurance to explore third-party payment (TPP) mechanisms adopted by some health microinsurance (HMI) schemes. Using data collected from literature reviews, case studies and survey and interviews of HMI practitioners, the authors analyse the different claims models available to HMI schemes and the pros and cons of using a TPP mechanism, as well as the key issues to address when establishing and managing a TPP mechanism.

Succeeding at Microinsurance Through Differentiation, Innovation and Partnership,” by Thomas Meyer and Madhu Vazirani, published by Accenture, January 2012, 20 pages, available at http://www.microensure.com/images/library/files/Resources/Microinsurance…

This paper addresses microinsurance in emerging markets and provides a brief overview of microinsurance markets identified as having significant immediate potential: Brazil, India, Indonesia, China, Mexico, the Philippines, South Africa, Colombia, Kenya, Nigeria and Vietnam. The paper investigates the factors that might drive the success of a microinsurance offering and identifies partnerships, technological innovation and differentiation as essential to a microinsurance strategy.

By Kristha Abores, Research Associate

Sources and Additional Resources:

[1] “The Answer is “Yes”—Cost and Willingness to Pay in India,” http://ami.microsave.org/sites/default/files/research_papers/CWP_Summary…

[2] “Third Party Payment Mechanisms in Health Microinsurance,” http://www.ilo.org/public/english/employment/mifacility/download/mpaper1…

[3] “Succeeding at microinsurance through differentiation, innovation and partnership,” http://www.microensure.com/images/library/files/Resources/Microinsurance…

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