Making Insurance Work for Microfinance Institutions : A Technical Guide to Developing and Delivering Microinsurance

Online-Ressource (262 p.)

Description based upon print version of record

TABLE OF CONTENTS; ACKNOWLEDGEMENTS; PREFACE; INTRODUCTION; Chapter 1 INSURANCE FUNDAMENTALS; 1.1 The Insured Event; 1.2 Benefit Design: How Much is Paid to Whom?; 1.3 Design Features; 1.4 Premiums: Paying for Insurance; 1.5 Claims; 1.6 Other Considerations; Further Reading on Insurance Fundamentals; Appendix 1; Chapter 2 INSURANCE PREREQUISITES; 2.1 Does the MFI have the Capacity to Offer Insurance?; 2.2 Is there a Demand for Microinsurance?; 2.3 Who Else Offers Insurance and Microinsurance?; 2.4 Is it Legal to Offer Microinsurance?; 2.5 Data; Further Reading on Insurance Prerequisites

Appendix 2Chapter 3 FIVE MICROINSURANCE PRODUCTS; 3.1 The Life Insurance Spectrum; 3.2 The Five Recommended Products; Further Reading on Product Features; Chapter 4 INSURANCE OPERATIONS; 4.1 Back Office Operations; 4.2 Field Operations; Further Reading on Insurance Operations; Appendix 4; Chapter 5 OUTSOURCING RISK AND RESPONSIBILITY; 5.1 Outsourcing the Business to an Insurer; 5.2 Outsourcing Risk through Portfolio Insurance; 5.3 Outsourcing through a Separate Unit; 5.4 Outsourcing Risk through Reinsurance; 5.5 Outsourcing by Long-term Contracting of Specific Activities

5.6 Outsourcing Individual Activities to Consultants5.7 Conclusion; Further Reading on Outsourcing; Appendix 5; Chapter 6 MANAGERIAL CONTROL; 6.1 Accounting Transactions; 6.2 Financial Management; 6.3 Monitoring; Further Reading on Managerial Control; Chapter 7 PRICING; 7.1 Experience Rating; 7.2 Trends and Changes within the Investigation Period; 7.3 Pricing New Products; 7.4 Pricing for Other Insurance Benefits; 7.5 Conclusion; Glossary; Bibliography; Index; TABLE OF TABLES; Table 0.1 Conditions for Developing Insurance to Cope with Death Risks

Table 2.1 Microinsurance Activities and ResponsibilitiesTable 3.1 Diversity and Complexity of Life Insurance Products; Table 3.2 The Five Products; Table 3.3 Waiting Periods for the Five Products; Table 4.1 Determining the Training and Motivational Implications of Insurance; Table 4.2 Techniques for Selling Microinsurance; Table 5.1 Due Diligence Checklist for Identifying an Insurance Partner; Table 5.2 Roles and Responsibilities in Outsourcing the Additional Lives Product; Table 5.3 Strengths and Challenges of Outsourcing the Business

Table 5.4 Strengths and Challenges: Outsourcing to a Separate UnitTable 5.5 Strengths and Challenges: Outsourcing through Reinsurance; Table 5.6 Strengths and Challenges of Outsourcing through Long-term Contracts; Table 5.7 Strengths and Challenges of Outsourcing to Consultants; Table 5.8 Primary Objectives of the Two Parties; Table 5.9 Financial Information on AIG/FU GPA Insurance; Table 6.1 Transactions with Portfolio Insurance; Table 6.2 Transactions for MFI Agents; Table 6.3 Essential New Accounts for Insurance Activities; Table 6.4 Specialty Transactions for Life Insurance

Table 6.5 Key Ratios for Life Insurance

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