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Microinsurance is a risk management and social protection mechanism of poor and low-income people against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved.
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Presented by:Hasib AhmedDeputy Coordinator,
DIISPPKSF, Dhaka,
Bangladesh.
“Core Elements/Characteristics of Microinsurance”
Insurance principlesAccessibilityAffordabilityFlexibilitySimplicity
“Key Features of Microinsurance Across the Insurance Value Chain”
Target MarketProduct DesignMarketing & DistributionUnderwritingAdministrationClaims HandlingAsset Management
Financial InclusionSocial Protection
Commercial AspectMacroeconomic Stability
“Risk Management tool for the poor/low-income people”
HealthFinancial
LifecycleDisaster
“Products are Designed According to Risk Category”
Credit LifeTerm Life/Personal accidentSavings LifeProperty InsuranceEndowment LifeHealth InsuranceAgriculture
“Different Business Models for Microinsurance”
DirectPartner AgentMutuals/Communities/CooperativesProviderTakafulPublic Private Partnership (PPP)
“Key Issues and Challenges Faced by the Microinsurance
Players”Demand Side
Operational Risk ManagementUnderwritingDistribution
MarketInfrastructure
RegulatoryOthers
