MICROINSURANCE TRENDS AND ISSUES

MICHAEL J. MCCORDMICROINSURANCE CENTRE

19 NOVEMBER 2013

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Total lives covered in 2005, 2008, and 2011

2008 (14.7MM)(6.5MM ex. SA)

2011 (44.4MM)

(17.2MM ex. SA)

Number of lives/properties covered

2005(3.5MM not SA)

Growth drivers:- Commercial

sector- Technology- Competition

- Donors

Growth in LAC

20112005

Growth drivers:- Commercial

sector- Alternative

distribution- Competition

- “Mass” market

Starting from Credit-linked Simple Products to…

Better benefits/features

More than Life Products

More insureds… new target segments• Through new

distribution channels

• Through new tech solutions

Evolution

VA

LUE -

Fin

an

cin

g s

ou

rces

INSURED UNINSURED0

500

1000

1500

2000

2500

Reduced consumption

Gifts

Other Loans

Income

Savings/Assets

USD

Trends in microinsurance

• Value for clients• Growth•Mobile technology• Regulations• Commercial insurer flexibility• Distribution

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The MicroInsurance Centre“Developing partnerships to insure the world’s poor”

www.MicroInsuranceCentre.org

mjmccord@MicroInsuranceCentre.org