By Lena Giesbert and Susan Steiner, published by Deutsches Institut fur Wirtschaftsforschung (DIW Berlin), 2012, 33 pages, available at: http://www.diw.de/documents/publikationen/73/diw_01.c.394251.de/dp1194.pdf
Category: Microinsurance
MICROFINANCE PUBLICATION ROUND-UP: Financial Service Needs in Mexico; Evaluation of an Insurance Education Radio Campaign in Kenya; Self-Assessment of Governance
“A Structured Approach to Understanding the Financial Service Needs of the Poor in Mexico;” by Xavier Faz and Paul Breloff; published by CGAP (Consultative Group to Assist the Poor); May 2012; 4 pages; available at: http://www.cgap.org/gm/document-1.9.57615/Brief_MexicoSegmentation.pdf
MICROCAPITAL BRIEF: Microinsurance Network Launches Capacity Building Tools Inventory
The Microinsurance Network, an organization based in Luxembourg that aims to promote the development of insurance products for low-income populations, has launched a Capacity Building Tools Inventory providing training modules and handbooks for microinsurance operations.
MICROFINANCE PUBLICATION ROUND-UP: Global Microfinance Equity Valuation Survey; Microfinance Governance Indicators; Audio Report: Role of Brokers in Microinsurance
“Volume Growth and Valuation Contraction: Global Microfinance Equity Valuation Survey 2012;” by Jasmina Glisovic, et al; published by CGAP (Consultative Group to Assist the Poor) and JP Morgan; May 2012; 16 pages; available at: http://www.microfinancegateway.org/gm/document-1.9.57526/VolumeGrowth.pdf
MICROCAPITAL BRIEF: Allianz to Use Satellites to Insure Small-scale Farmers in Asia
Allianz, a German-based insurance provider, reportedly announced a three-year pilot project using satellite technology to manage crop insurance sold to rice farmers in Bangladesh, Cambodia, India, Indonesia, Thailand, the Philippines and Vietnam.
MICROCAPITAL BRIEF: LeapFrog Acquires Majority Stake in Ghana’s Express Life Insurance For $5.5m
LeapFrog Investments, a microinsurance equity fund based in Mauritius, recently acquired a majority stake in Ghana’s Express Life Insurance Company at the cost of USD 5.5 million.
MICROFINANCE PUBLICATION ROUND-UP: Microfinance Information Exchange Diamond Rating System; Savings-Linked Microinsurance in India; Banking Correspondents in Brazil
“Diamonds No Longer Forever;” by Scott Gaul; published by Microfinance Information Exchange (MIX); April 2012; available at: http://www.themix.org/publications/microbanking-bulletin/2012/04/diamonds-no-longer-forever
MICROCAPITAL BRIEF: Partners in Community Development in Fiji (PCDF), Life Insurance Corporation of India (LICI) Launch Microinsurance in Fiji
Partners in Community Development in Fiji (PCDF), a Fiji-based nongovernmental organization (NGO), and the Life Insurance Corporation of India (LICI), a state-owned insurance group based in India, reportedly have launched a microinsurance project in Urata Village, Fiji.
MICROCAPITAL BRIEF: National Insurance Timor-Leste (NITL), Tuba Rei Metin, Moris Rasik Introduce Life Microinsurance Products
National Insurance Timor-Leste (NITL), an insurance company in the Democratic Republic of Timor-Leste, has partnered with local microfinance institutions (MFIs) Tuba Rai Metin and Moris Rasik to introduce regulated microinsurance products in the country.
MICROCAPITAL BRIEF: Tanzanian Government Provides Microinsurance to Cotton Farmers
A trial government-run microinsurance program is currently being conducted involving cotton farmers in the Bunda district of Tanzania.
MICROCAPITAL BRIEF: Microinsurance Innovation Facility: Market Reaches 500m People, 60% in India
According to a report titled “Protecting the Poor a Microinsurance Compendium” that was recently published by the Microinsurance Innovation Facility, an initiative of the UN’s International Labor Organization (ILO) and Munich Re, a German reinsurance company, the total market for microinsurance reached 500 million people with the largest shares in India and China.
MICROFINANCE PUBLICATION ROUND-UP: Disclosure Regimes for Responsible Financial Inclusion; The Thailand Village and Urban Revolving Fund; “Microsavings Works Much Better”
“Designing Disclosure Regimes for Responsible Financial Inclusion,” by Jennifer Chien; published by CGAP (Consultative Group to Assist the Poor); March 2012; 23 pages; available at:
http://www.cgap.org/gm/document-1.9.57109/FN_78.pdf
MICROCAPITAL BRIEF: Institute of Microfinance (InM) to Pilot Microinsurance Scheme in Bangladesh
The Institute of Microfinance (InM), a Bangladesh-based nonprofit that aims to meet the research and training needs of microfinance institutions (MFIs), has begun a pilot micro health insurance scheme in Bangladesh.
MICROCAPITAL BRIEF: International Finance Corporation (IFC), SANASA Insurance to Provide Microinsurance to Farmers in Sri Lanka
The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has partnered with Sri Lankan microinsurance company SANASA (Thrift, Credit and Cooperative Society in Sinhala) Insurance to “develop flexible, affordable, weather-based agricultural insurance products in Sri Lanka to minimize the impact of crop losses due to floods or droughts.”
MICROCAPITAL BRIEF: National Insurance Commission (NIC) of Ghana Anticipates New Microinsurance Law
Ghana’s National Insurance Commission (NIC), the regulatory authority for the country’s insurance industry, reportedly has announced that a new national insurance law incorporating microinsurance will be passed sometime during 2012.
MICROCAPITAL BRIEF: Philippine Prudential Life Insurance Company Records Increase in Paid Microinsurance Claims, Premiums
The Philippine Prudential Life Insurance Company, a Philippines-based financial services provider, reportedly announced that its payments for microinsurance claims have increased by 784 percent from PHP 2.49 million (USD 58,400) in 2010 to PHP 22 million (USD 516,000) in 2011.
MICROCAPITAL BRIEF: Insurance Regulatory Authority of Nepal Beema Samiti Announces Insurance Companies to Offer Microinsurance to Individuals, Agribusinesses
Beema Samiti, Nepal’s insurance regulatory authority, reportedly has announced that a microinsurance program is expected to be extended to individuals and microenterprises in Nepal in May 2012 by private insurers.
MICROCAPITAL BRIEF: TIM Participacoes Launches Microinsurance through Text Messages in Brazil
TIM Participacoes, the Brazilian subsidiary of Italian telecommunications company Telecom Italia Mobile, reportedly will launch a funeral microinsurance product for low-income individuals that can be enrolled in and paid for via mobile telephones.