SLIDE 1
www.microinsurancenetwork.org
www.microinsurancenetwork.org
MICROINSURANCE NETWORK
The global platform for insurance in emerging markets
- Connect. Participate. Influence
300 EXPERTS > 90 INSTITUTIONS > 40 COUNTRIES
Champions in Microinsurance: How to improve performance? Colombo - - - PowerPoint PPT Presentation
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
SLIDE 2
SLIDE 3
www.microinsurancenetwork.org
26%
(2013)
79%
(2012)
32%
(2014)
Aggregate claims ratios reported
by region
Source: Microinsurance Landscape Study, Microinsurance Network, 2016
23% 44% 40% 103% 69% 25% 44%
22% 33% 20% 52% 24% 91% 32%
36% 24% 16% 15% 53% 26% 90% 121% 79% 81% 59% 79%
Credit Life Life PA Health Property Ag Overall
Africa (2011) Africa (2014) LAC (2013) Asia (2012)
N/A N/A
by product type
MICROINSURANCE LANDSCAPE STUDIES
SLIDE 4
www.microinsurancenetwork.org
250 claims ratios reported
0% 20% 40% 60% 80% 100% 120% 140% 5.000 50.000 500.000 5.000.000 Africa (2014) Latin America (2013)
MICROINSURANCE LANDSCAPE STUDIES
SLIDE 5
www.microinsurancenetwork.org
Champions in Microinsurance: How to improve performance?
SLIDE 6
SLIDE 7
www.microinsurancenetwork.org
SLIDE 8
www.microinsurancenetwork.org
Funeral insurance
- Voluntary
- Variable premium
- Covers burial services via
reputable affiliated funeral network
SLIDE 9
www.microinsurancenetwork.org 7.234 8.792 10.404 12.428 14.115 48,2% 58,6% 52,0% 69% 78,4%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2.000 4.000 6.000 8.000 10.000 12.000 14.000 16.0002012 2013 2014 2015 2016 - 12 Number of insured Coverage ratio
7.234 8.792 10.404 12.428 14.115
2.000 4.000 6.000 8.000 10.000 12.000 14.000 16.0002012 2013 2014 2015 2016 - 12 Actual renewals Potential renewals
SLIDE 10
SLIDE 11
www.microinsurancenetwork.org
SLIDE 12
www.microinsurancenetwork.org
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
SLIDE 13
www.microinsurancenetwork.org
mutual government
617.612 740.107 799.316 90% 92% 91% 86% 88% 85%
75% 80% 85% 90% 95% 100%- 100.000
2013 2014 2015 Insured Claims ratio Renewal ratio 174.521 195.423 207.149 94% 80% 82% 95% 92% 93%
75% 80% 85% 90% 95% 100% 150.000 160.000 170.000 180.000 190.000 200.000 210.0002013 2014 2015 Insured Claims ratio Renewal ratio
SLIDE 14
SLIDE 15
www.microinsurancenetwork.org
SLIDE 16
www.microinsurancenetwork.org
Credit life +
- Mandatory
- Premium 0,9%
- Cover
- Outstanding credit
- 50% of credit in case of death of
loan taker or husband/wife
SLIDE 17
www.microinsurancenetwork.org
Claims ratio
88% 85% 85% 86% 92%
2012 2013 2014 2015 2016
- 12
SLIDE 18
DISCUSSION
SLIDE 19
www.microinsurancenetwork.org
JOIN US: Expert Forum – watch the recording
Microinsurance Champions
featuring Card Pioneer Philippines & Mlife Zambia Join the Champions initiative
Apply via abianchessi@microinsurancenetwork.org
- r bert.opdebeeck@brs.coop
Learn more about the microinsurance KPIs
www.microfact.org
www.microinsurancenetwork.org
Thank you for your participation!
SLIDE 20
Contact us at info@microinsurancenetwork.org Or apply online at: www.microinsurancenetwork.org/member
Become a member of the Microinsurance Network
- Gain access to peers
- Share your expertise
- Receive invitations to exclusive events
- Stay informed
- Shape the Microinsurance Network agenda
How to Join?
- Connect. Participate. Influence