Microinsurance Payouts – Ensuring Timely and Efficient Claims Settlement

Timely and efficient claim settlement are critical components of building trust with policyholders and forging long-term loyalty among them. Furthermore, optimizing workflows and automating manual tasks are proven ways of increasing adjuster productivity while decreasing costs and mitigating errors. Microinsurance policies based on parametric triggers often offer benefits at reduced transaction costs and with reduced […]

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The Opportunities of Micro Insurance: How Insurers Can Tap Into Emerging Markets

Microinsurance provides low-income households with protection against shocks that could become catastrophic, helping to ensure financial security and keep families on the path towards prosperity. Microinsurance has traditionally been distributed through microfinance institutions (MFIs) and community-based organizations; however, technological innovations make expanding distribution more straightforward in emerging markets. 1. Access to Capital Microinsurance was developed […]

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Challenges in Regulating Micro-Insurance: A Study of Emerging Markets

Microinsurance is a fast-growing segment for insurers serving underserved populations. New distribution models utilizing mobile platforms are credited with driving this expansion. Customized regulatory frameworks offer consumer protection and promote transparent product offerings, but a range of hurdles hinder market expansion. Market Size Emerging markets represent an invaluable opportunity for financial inclusion, insurance penetration and […]

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The Impact of Microinsurance on Financial Inclusion – Case Studies

Microinsurance differs from lending services by helping people protect against unexpected financial shocks. It relies on partnerships among insurers, microfinance institutions, non-governmental organizations and local self-help groups in order to provide its benefits. Jack Nelson, portfolio manager with Stewart Investors Sustainable Funds Group and Michael McCord, director of Milliman’s Microinsurance Center discuss what factors make […]

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