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In 2013, the Facility is celebrating five years of pushing the innovation frontiers with a campaign to showcase lessons we've learned on how to make microinsurance work for both providers and clients.
Housed at the International Labour Organization's Social Finance Programme, the Microinsurance Innovation Facility seeks to increase the availability of quality insurance for the developing world's low-income families to help them guard against risk and overcome poverty.
The Facility was launched in 2008 with generous support from the Bill & Melinda Gates Foundation to learn and promote how to extend better insurance to the working poor. Additional funding has gratefully been received from
several donors, including the
Z Zurich Foundation and
AusAID.
Knowledge update
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Audiovisual mass media campaigns for insurance education: Stages and lessons -
(pdf 1,52 MB)
Sarah Bel and Mariana Pinzón Caicedo, Microinsurance Paper n°21, March 2013
As the microinsurance industry grows there is an increasing need to scale up insurance education efforts and educate a wider audience. Audiovisual media is an attractive dissemination channel to achieve this because it is strongly anchored in the lifestyle of low-income people in developing countries. This paper explores the stages of such campaigns and presents lessons learnt.
Annual Report, 2012 - (pdf 4,5 MB)
This 2012 Annual Report brings together the experience of the Facility over the last year and the lessons learnt with its partners. It also looks ahead and introduces the Facility's initial plans beyond 2013.
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What is a Health Card Worth? An Evaluation of an Outpatient Health Insurance Product in Rural India - (pdf 1,25 MB)
Ajay Mahal, Karuna Krishnaswamy, Rupalee Ruchismita and D. Girish Babu, Research paper nº30, February 2013
This paper presents the results of a randomized control trial that evaluated the impact of CARE Foundation´s out-patient insurance cards. The insurance product encouraged more frequent visits to community health workers, leading to earlier identification of illnesses and more timely referrals to a doctor or hospital. Since patients were treated at an earlier stage, they spent fewer days in hospital and costs were lower.
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Freedom from Hunger investigate the impact of consumer education
Does consumer education increase uptake of health microinsurance? Explore Freedom from Hunger's insights and their implications for practitioners.
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What's new
10th May 2013, 8:00 to 10:30 am GMT, London
Breakfast panel discussion on opportunities in microinsurance distribution
One of the biggest challenges in microinsurance is getting low-margin, high-volume products to the low-income market. The Facility, in collaboration with Lloyd's, is organizing this event to share lessons from those who have pushed the frontiers in distributing insurance to the low-income market.
12th to the 14th November 2013, Jakarta
Call for proposals for the 9th International Microinsurance Conference
The conference will take place from the 12th to the 14th November 2013 in Jakarta, Indonesia. The conference aims at distilling and disseminating information on key developments in the microinsurance market. Presentations must include concrete lessons learnt and recommendations for the audience. To submit a proposal, please complete the proposal form in English here and e-mail the proposal to info@munichre-foundation.org by the 15th May.
23rd to 26th April 2013, Nairobi
Programme in microinsurance business strategies for East African markets
Cenfri, in collaboration with the Facility, African Insurance Organization and University of Stellenbosch Business School Exec Ed, will present a programme aimed at providing participants with a thorough understanding of microinsurance and business strategies for East African markets. It will focus on topic areas such as current market trends, client behaviour, innovation in business models, business-relevant microinsurance regulation, and proving and improving client value.
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The Facility's activities
The Facility has provided grants to develop innovations in the microinsurance sector. Click on the
Innovation grantees and on the Learning Journeys to get an overview of the projects that are implemented and of the good practices that are collected to eventually benefit the working poor. The Capacity Building Programme undertakes three main types of activities: Training and curriculum development, professional development and microinsurance project interventions. The
Research programme has an important role to play to consolidate existing knowledge and stimulate new learning to move the microinsurance agenda forward. The
Knowledge Management programme involves activities that focus on leveraging lessons learned from its partners and disseminating them widely to improve microinsurance practices.
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