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Update on some microinsurance developments The MIA’s perspective. Ralf Radermacher, Rajkamal Mukherjee UNDP Solution Exchange Resource Group Meeting 2 November 2010. Micro Insurance Academy. The Micro Insurance Academy is a not for profit technical service provider
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Update on some microinsurance developmentsThe MIA’s perspective Ralf Radermacher, Rajkamal Mukherjee UNDP Solution Exchange Resource Group Meeting 2 November 2010
Micro Insurance Academy • The Micro Insurance Academy is a not for profit technical service provider • MIA’s focus is on community empowerment and risk management • Motto “Helping communities manage risks from the ground up” • MIA focuses on those risks which have high information needs or high empathy factor
Update on MIA’s work • In 2011, MIA will be supporting 10+ microinsurance implementations • All apply different processes and products • Differences in delivery and servicing • Health, life, livestock • Combo-products • All put a lot of emphasis on community participation and Insurance Education
Spot-light: Insurance Education • Multi-level approach: • Train the ground staff (and management) • Inform potential members on value proposition of insurance • Inform members on claim process • Tools include games, role play, songs, and even a Bollywood movie Education Service Provider of the Year “… the front runner in microinsurance education…” Asia Insurance Industry Awards 2010
MIA’s future directions • Strengthen learning from ongoing implementation experience, helping to improve our tools for the sector • Extending partnerships for large scale roll-out • Experiment new approaches (e.g. better (value for clients) combinations of saving-credit-insurance; index linkages; stronger inclusion of non-fin. risk management, …) We are grateful for support for above directions
Questions? Remarks? Thank you very much for your attention. www.microinsuranceacademy.org ralf@mia.org.in rajkamal@mia.org.in