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Introduction to microinsurance

Duration: 3 days

Overview:

Microinsurance is an important risk management tool for low-income households. Before entering the market, it is crucial that potential and new players have an understanding of the concept of microinsurance and the low-income market in order to offer quality microinsurance products to the market. 

Training Objectives:

By the end of this course, participants will be able to:

  • Understand what is microinsurance, its types of products and different models used to deliver microinsurance
  • Understand the characteristics and needs of low-income households and how good microinsurance products can address such needs 
  • Identify ways that a microinsurance unit can be structured internally
  • Identify success factors and challenges in making microinsurance viable for providers
  • Understand the relationship between client value and viability Define an action plan 

Who could benefit from the training:

  • Insurance practitioners exploring and setting up microinsurance programmes in their organizations
  • Members of financial institutions that are interested in offering microinsurance products

Methodology:

The training’s participative sessions will utilise interactive activities that include small group discussions and exercises, roleplay, case study analyses, group presentations, and puzzle solving.