Champions in Microinsurance: How to improve performance? Colombo - - PowerPoint PPT Presentation

Champions in Microinsurance: How to improve performance? Colombo - November 17, 11 a.m. www.microinsurancenetwork.org

MICROINSURANCE NETWORK The global platform for insurance in emerging markets 300 EXPERTS > 90 INSTITUTIONS > 40 COUNTRIES Connect. Participate. Influence www.microinsurancenetwork.org

MICROINSURANCE LANDSCAPE STUDIES Aggregate claims ratios reported by region 79% 32% 26% (2012) (2014) (2013) by product type Africa (2011) 121% Africa (2014) 103% LAC (2013) 91% 90% 81% 79% 79% Asia (2012) 69% 59% 53% 52% 44% 44% 40% 36% 33% 32% 26% 25% 22% 24% 20% 24% 23% 0 16% 15% N/A N/A Credit Life Life PA Health Property Ag Overall Source: Microinsurance Landscape Study, Microinsurance Network, 2016 www.microinsurancenetwork.org

MICROINSURANCE LANDSCAPE STUDIES 250 claims ratios reported 140% 120% 100% 80% 60% 40% 20% 0% 5.000 50.000 500.000 5.000.000 Africa (2014) Latin America (2013) www.microinsurancenetwork.org

Champions in Microinsurance: How to improve performance? www.microinsurancenetwork.org

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Funeral insurance - Voluntary - Variable premium - Covers burial services via reputable affiliated funeral network www.microinsurancenetwork.org

16.000 16.000 100% 90% 14.000 14.000 80% 12.000 12.000 78,4% 70% 69% 10.000 10.000 60% 58,6% 8.000 8.000 50% 52,0% 48,2% 40% 6.000 6.000 30% 4.000 4.000 20% 10.404 12.428 14.115 10.404 12.428 14.115 2.000 2.000 7.234 8.792 7.234 8.792 10% 0 0 0% www.microinsurancenetwork.org 2012 2013 2014 2015 2016 - 12 2012 2013 2014 2015 2016 - 12 Number of insured Coverage ratio Actual renewals Potential renewals

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Life insurance Government group cover - Premium 100 INR - Age 18 - 59 - Cover 30.000 or 75.000 INR (accident) Mutual - Premium 100 - 240 INR - Age 18+ - Cover: 10.000 – 30.000 INR www.microinsurancenetwork.org

government mutual 207.149 900.000 100% 210.000 100% 799.316 740.107 800.000 95% 195.423 200.000 95% 95% 617.612 700.000 94% 600.000 190.000 93% 92% 92% 90% 90% 91% 500.000 90% 174.521 180.000 88% 400.000 85% 85% 86% 85% 300.000 170.000 200.000 82% 80% 80% 160.000 80% 100.000 - 75% 150.000 75% 2013 2014 2015 2013 2014 2015 Insured Claims ratio Renewal ratio Insured Claims ratio Renewal ratio www.microinsurancenetwork.org

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Credit life + - Mandatory - Premium 0,9% - Cover - Outstanding credit - 50% of credit in case of death of loan taker or husband/wife www.microinsurancenetwork.org

Claims ratio 92% 88% 86% 85% 85% 2012 2013 2014 2015 2016 - 12 www.microinsurancenetwork.org

DISCUSSION

Thank you for your participation! JOIN US: Expert Forum – watch the recording Microinsurance Champions featuring Card Pioneer Philippines & Mlife Zambia Join the Champions initiative Apply via abianchessi@microinsurancenetwork.org or bert.opdebeeck@brs.coop Learn more about the microinsurance KPIs www.microfact.org www.microinsurancenetwork.org www.microinsurancenetwork.org

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