7/29/2019 Micro Insurance - A Landscape Study
1/98
June 2011
A Landscape Studyof Micro Insurance
Education
miamicro insurance academy
Supported by:
microinsurancenetwork
7/29/2019 Micro Insurance - A Landscape Study
2/98
A andscape tudy of icro nsurance Education
A andscape tudy of
icro nsurance Education
7/29/2019 Micro Insurance - A Landscape Study
3/98
Acknowledgements
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7/29/2019 Micro Insurance - A Landscape Study
4/98
A andscape tudy of icro nsurance Education
Contents
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A andscape tudy of icro nsurance Education
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"The study objectives were
to take stock of what in-
surance education materi-
als and approaches are
currently available identifyexisting gaps and some
promising practices and
highlight some concrete
areas where investment in
nsurance Education can
make a positive impact
on the extension of micro-
insurance in developing
countries."
"...the analysis of thispaper concentrates on a
population of 4 respon-
dents from countries."
7/29/2019 Micro Insurance - A Landscape Study
7/98
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7/29/2019 Micro Insurance - A Landscape Study
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A andscape tudy of icro nsurance Education
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"...the sector is generally
choosing to focus on basic
topics and tools for the
time being."
"early all the participants
in the in-depth interviews
reported that the popula-
tions they work with are
not only uninsured but
they are alarmingly unin-
formed about the concept
of insurance though the
level of awareness varied
across different organiza-
tions' target populations."
7/29/2019 Micro Insurance - A Landscape Study
9/98
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"Most insurance educa-
tion programs seem to be
in their early stages and
consequently there are still
a lot of internal challengesto be overcome. ack of
expertise is a common im-
pediment to organizational
growth especially among
organizations that do not
have previous experience
with insurance or with
adult education practices. "
"Apart from training
expertise in general therewas fairly little cooperation
between organizations."
7/29/2019 Micro Insurance - A Landscape Study
10/98
A andscape tudy of icro nsurance Education
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termine from this study
whether the funds used for
the operation of insurance
education programs wereXVXDOO\GHVLJQDWHGVSHFL-
cally for insurance educa-
tion. hat we do know is
that many organizations
mentioned a need for
more funding for insurance
education so it would be
reasonable to suggest that
there is a need for more
insurance education-specif-
ic funding. "
"The in-depth interviews
clearly revealed that
the text-book setting
in which eneral isk
Management Education
is implemented e.g. in
the form of an awareness
campaign followed by
URGXFW6SHFLFGXFDWLRQfocusing on e.g. premium
collection was not the
norm."
7/29/2019 Micro Insurance - A Landscape Study
11/98
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"hether the large major-
ity of the organizations
SHUFHLYHURGXFW6SHFLF
Education as a one-off
event cannot be concludedfrom the interviews. hat
can be noted is that an
overwhelming majority of
interviewees did not spe-
FLFDOO\PHQWLRQWKDWWKH\
actively conduct trainings
for already existing policy
holders."
"... a relatively small
number of organizationsconduct or have systematic
methods for conducting
ME regardless of the
type of the organization. "
7/29/2019 Micro Insurance - A Landscape Study
12/98
A andscape tudy of icro nsurance Education
art 1 lobal urvey on nsurance
Education
ntroduction
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" The survey conducted
in three languages (Eng-
lish rench and panish)
sought to explore the
insurance education prac-tices that organizations
DUHHPSOR\LQJVSHFLFDOO\
with respect to low-income
populations. The goal was
to get a picture of what is
being done internationally
to increase awareness of
insurance concepts and
products and the methods
in use to achieve this."
"The survey had a tremen-
dous response with over
a thousand responses col-
lected (17 to be exact)
from countries. "
7/29/2019 Micro Insurance - A Landscape Study
13/98
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a range of topics in their
insurance education pro-
grams but the ones that
organizations most oftenfocused on were how
insurance works under-
standing risks and why
insurance is also of value to
families with low income.
The very basic nature of
these topics is perhaps sug-
gestive of the infancy of
insurance education efforts
in most parts of the world. "
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far the highest category of
respondents."
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expertise in general there
was fairly little cooperation
between organizations.
inks with governmentagencies universities and
other educational institu-
tions labor unions etc.
were an exception rather
than the norm."
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cally for insurance educa-
tion. hat we do know is
that many organizations
mentioned a need for
more funding for insurance
education so it would be
reasonable to suggest that
there is a need for more
insurance education-specif-
ic funding. "
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ring challenges cited by the
interviewees. The need wasvoiced in various ways but
the picture emerging from
the in-depth interviews
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across the board work with
communities which have
no (or very limited) previ-
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ucation indirectly improvedWKHJHQHUDOQDQFLDO
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a life insurance policy was
included as a compulsory
component (credit life) of
a credit scheme there was
a tendency to place less
effort in conceptualizingthe insurance component
of the package."
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