Breakout Microinsurance, Michael McCord, Microinsurance Centre

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MICROINSURANCE TRENDS AND ISSUES MICHAEL J. MCCORD MICROINSURANCE CENTRE 19 NOVEMBER 2013
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Transcript of Breakout Microinsurance, Michael McCord, Microinsurance Centre

  • 1. MICROINSURANCE TRENDS AND ISSUESMICHAEL J. MCCORD MICROINSURANCE CENTRE 19 NOVEMBER 2013

2. Total lives covered in 2005, 2008, and 20112005 (3.5MM not SA)2008 (14.7MM) (6.5MM ex. SA)Number of lives/properties covered2011 (44.4MM) (17.2MM ex. SA)Growth drivers: - Commercial sector - Technology - Competition - Donors 2 3. Growth in LAC 20052011Growth drivers: - Commercial sector - Alternative distribution - Competition - Mass market 4. Starting from Credit-linked Simple Products toMore than Life ProductsMore insureds new target segments Through new distribution channels Through new tech solutionsBetter benefits/featuresEvolution 5. Trends in microinsurance Value for clients Growth Mobile technology Regulations Commercial insurer flexibility Distribution 6. The MicroInsurance CentreDeveloping partnerships to insure the worlds poorwww.MicroInsuranceCentre.org [email protected]