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Achieving scale and efficiency in microinsurance through retail and banking correspondents

Paper #:

  37
 

Title:

  Achieving scale and efficiency in microinsurance through retail and banking correspondents
 

Author(s):


Jeremy Leach, BFA
Anand Menon, BFA
Sandisiwe Ncube, Independent consultant
 

Date of Publication:

  December 2014
 

Summary:


Across the world, insurers have shifted away from traditional agents and brokers to partner with various alternative distribution channels – ranging from churches, trade unions and mobile network operators to banks, retailers and even civil service organizations - as a way of reaching critical mass at low cost. This study examines two of these channels – banking and retail correspondents – studying four examples in four countries.

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