Microinsurance is an important risk management tool for low-income households. It is crucial that potential existing 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, types of MI 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 organization can structure internally
Identify success factors and challenges in making microinsurance viable for providers
Understand the relationship between client value and viability. Determine an action plan for quality enhancement.