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The Landscape of Microinsurance 2024

The Landscape of Microinsurance 2024

The Landscape of Microinsurance 2024 analyzes the growth and evolution of microinsurance, highlighting its critical role in supporting vulnerable populations facing climate shocks, crises, and financial insecurity. It covers 344 million people across 37 countries, examines regulatory frameworks, distribution channels, and subsidies, and emphasizes the need to close the protection gap while fostering long-term market development.

Case Brief: Field Accident Insurance - PROFIN Foundation

Field accident insurance – PROFIN Foundation. This case highlights a specialized microinsurance product developed in Bolivia to cover medical expenses resulting from injuries during official soccer, basketball, and volleyball matches. Distributed through sports associations, the product is tailored to the needs of amateur athletes and addresses a previously uninsured risk segment. It showcases how inclusive insurance can be adapted to community-based distribution and activity-specific protection.

Case brief:TUNAJALI

Case brief: TUNAJALI. "Tunajali" — meaning "we care about you" — is an inclusive e-commerce insurance initiative developed to serve low-income customers across Latin America and the Caribbean (LAC). The program leverages digital platforms to provide accessible health insurance, with a focus on simplifying enrollment and claims processes. It demonstrates how tech-enabled delivery models can overcome traditional barriers and scale protection for vulnerable populations.

Empowering Women, Building Trust: A Case Study of a Women-Centric Insurance Solution in Nigeria

Describes FCMBeta Health, a women-focused micro health insurance product in Nigeria, bundled with micro-loans, offering hospital cash and maternity coverage. Over 90,000 enrolled by 2025.

IFC Inclusive Business Case Study: MicroEnsure

MicroEnsure bundled insurance with mobile loans and airtime in 15 countries. By 2016, this model had scaled to reach over 40 million clients and included 200+ insurance products. It illustrates a high-impact approach to mobile-enabled microinsurance delivery with large-scale outreach.

Making a profitable inclusive insurance business: a case study of Britam, Kenya

In 2007, Britam, a Kenyan financial group, launched its first microinsurance product for low-income customers. Over 11 years, Britam built a profitable microinsurance business unit covering more than 700,000 lives by 2017. This case study distills key lessons from Britam's journey to guide other insurers in serving traditionally excluded markets.

Making climate risk microinsurance work. Case Study: Kenya Agriculture Insurance Program (KAIP) with APA, Kenya

Information on the Kenya Agriculture Insurance Program developed in partnership with APA Insurance. The overview includes pricing structures, government subsidy mechanisms, challenges in implementation, delivery models, and overall performance metrics. The case outlines key lessons learned from executing a national climate risk microinsurance scheme in a Sub-Saharan African context and provides insight into scaling agricultural resilience through public-private collaboration.

MiCRO / SBS / Bancamía – Boosting Resilience for Microentrepreneurs

In 2019, MiCRO and SBS Seguros, in partnership with Bancamía, launched "My Protected Investment", a microinsurance product for SMEs that combines index-based and traditional coverage. Three years after Colombia's first parametric insurance launch, the initiative had already reached almost 120,000 low-income beneficiaries, providing protection against hazards such as excess rain, drought, and earthquakes, while expanding access to underserved urban and rural clients.

Pioneer Microinsurance: Building a Business around Positive Customer Experience Pays Off

Pioneer Microinsurance in the Philippines built a strong customer-centric culture by leveraging client data and insights and embedding customer-focused behaviors across the organization. This approach improved the customer experience, strengthened client value, and drove significant business growth, including higher policy renewals and expanded outreach.

Skyline Partners: Protecting Jamaican Credit Unions from Tropical Cyclones with FatTrack™ Parametric Insurance: Timely Payouts During Hurricane Beryl

The document presents a case study on Skyline Partners' FatTrack™ parametric insurance solution, designed to protect Jamaican Co-operative Credit Unions (JCCUL) from financial risks associated with major hurricanes. Utilizing independently reported wind field data, the solution offers precise and timely payouts, as demonstrated during Hurricane Beryl.