Given the complexity of index insurance, educating clients has proved a challenge for many insurers. When should you focus on mass media, and when should you switch to high-touch education interventions? What is the role of your sales staff and how can you promote learning by doing? Our seven guidelines explain how to deliver effective index insurance education.
Conducted in Yogyakarta, along with the meetings of the ASEAN Insurance Council, the first ASEAN Managers Microinsurance Course was attended by 70 participants from different Asian countries (Indonesia, Philippines, Malaysia, Bangladesh, Brunei, Cambodia, Vietnam among others).
Insurance is a largely invisible yet ubiquitous part of our economies. Our health, movements, purchases, homes, and even lives are usually covered by insurance. Without insurance, the unpredictability of the future would be too great and it would be difficult to take risks and innovate. In other words, insurance typically allows people to break the psychological and financial barriers which normally prevent them from engaging in potentially riskier activities thus forgoing greater reward and innovation. Insurance has contributed to macroeconomic development through economic growth, stabilization, distribution, and innovation.
Maria Health provides health insurance for small businesses in the Philippines. In the country, 99% of companies are small businesses. Many already access the government health scheme – PhilHealth – but often require a more comprehensive coverage.Maria Health provides health insurance for small businesses in the Philippines. In the country, 99% of companies are small businesses. Many already access the government health scheme – PhilHealth – but often require a more comprehensive coverage.
As part of the global agenda of insuring for sustainable development, the Facility and the PSI Initiative organize a five-part webinar series with the theme, “Making inclusive insurance work”. The first webinar focused on clients and impact metrics and was held on 9 November 2016.
The ILO’s Impact Insurance Facility enables the insurance sector, governments, and their partners to realise the potential of insurance for social and economic development. It does so through three primary sets of activities: