Title: Microinsurance Industry Analysis & Market Trends Report
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Insight Report Microinsurance Tapping an Unconventional Market
Published May 2015
No. Of Pages 37
Single User PDF US 3800
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Microinsurance Industry Research Market Trends Report
The 'Insight Report Microinsurance - Tapping an Unconventional Market' covers detailed analysis of the global microinsurance industry as a source of growth for insurers. It provides Insights into the key global market trends in the microinsurance industry, Evaluation of microinsurance as a business case for commercial insurers, Insights into different microinsurance business models, Detailed analysis of microinsurance coverage, and supply and demand of microinsurance products.
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Microinsurance Industry Research Market Trends Report
Synopsis
'Insight Report Microinsurance Industry Analysis - Tapping an Unconventional Market' analyzes the growth of microinsurance globally, and the threats and challenges it faces. Most microinsurance businesses are generated from developing countries it is therefore important to understand the cultural diversity and business environments in Latin America, Asia and Africa.
Asia accounts for 80 of the global microinsurance industry, followed by Latin America and Africa with 15 and 5 respectively, according to ILO and Munich Re.
Asia had the highest number of people with microinsurance cover, at 170.4 million in 2012. Despite the rising penetration of funeral insurance in South Africa and mobile microinsurance (MMI) services in the Sub-Saharan African (SSA) market, overall microinsurance coverage is still very low in Africa.
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Microinsurance Industry Research Market Trends Report
Key Highlights
Microinsurance faces challenges in terms of costs, as its operating model involves relatively low premiums. Operating costs do not decrease in proportion with the low premiums charged, making it imperative for microinsurers to adopt new approaches to cut costs.
Reinsurers recognize the potential of microinsurance and commercial reinsurers with excess capital are making investments in microinsurance development.
Diversity in distribution channels has created an opportunity for insurers to use multiple distribution channels. Innovation is enabling insurers to deliver client value. Used strategically and effectively, distribution channels have the potential to grow beyond selling microinsurance, to provide support across the supply chain.
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Microinsurance Industry Research Market Trends Report
Table of Contents
1 Executive Summary
2 Global Landscape of Microinsurance2.1 Key Trends2.2 Threats and Challenges
3 Dynamics of Microinsurance3.1 Microinsurance Supply Chain3.2 Business Model3.3 Products3.4 Consumer Segmentation3.5 Viability of Microinsurance as a Business Case
4 Roles of Governments and NGOs in Developing Microinsurance4.1 Governments4.2 NGOs
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Microinsurance Industry Research Market Trends Report
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Microinsurance Industry Research Market Trends Report
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