Making Insurance Work for Microfinance Institutions: A Technical Guide to Developing and Delivering MicroinsuranceInternational Labour Organization, 2003 - 246 pages This how-to manual guides managers of microfinance institutions (MFIs) through the complexities of offering basic insurance products, either on their own or in partnership with an insurance company. Insurance is one solution to help low-income households and microfinance institutions to manage risks, but it is not the only solution and it is not always the best solution. This manual helps determine whether it is appropriate to offer insurance, which type of insurance product(s) to offer, and through what institutional structure. |
Contents
INSURANCE FUNDAMENTALS | 9 |
INSURANCE PREREQUISITES | 45 |
FIVE MICROINSURANCE PRODUCTS | 69 |
INSURANCE OPERATIONS | 93 |
OUTSOURCING RISK AND RESPONSIBILITY | 125 |
MANAGERIAL CONTROL | 153 |
PRICING | 177 |
GLOSSARY | 223 |
BIBLIOGRAPHY | 233 |
Common terms and phrases
actuarial adverse selection assessment average Bank beneficiary benefit amount borrower Burkina Faso claims experience claims rate clients Continuation policy costs covariant risk cover coverage credibility Credit Disability Deductions disbursed loan example expected claims expenses experience rating FCFA FINCA FINCA Uganda fraud funds Group Personal Accident household income individual insurance activities insurance business Insurance Claims insurance company insurance policy Insurance premiums insurance products insurance scheme insured benefit insured event interest loan officers loan term loss low-income market research MFI insurers MFI's MicroBank's Microfinance Institutions microinsurance monitoring moral hazard mortality rates number of policies operations organisation outsourcing outstanding balance paid percent policyholders portfolio insurance premium payments pricing probability of claim Product Development property insurance protection ratio reinsurance risk pool risk premium rate savings SEWA staff Table transactions trend Uganda Voluntary Additional Benefit Voucher vulnerability waiting period www.mip.org Zambia