Experienced senior professional in inclusive and sustainable finance, ESG and climate change related topics with a focus on inclusive insurance, asset management and CSR in the financial industry.
Here comes the result of many years of experience in #inclusive #insurance and development of business strategies presented by Gideon Ataraire Lemmy Manje at the #ICII2024 What works: A separate unit #Simple products and processes Pay claims fast Claims testimonials #B2B and #B2B2C Profit share contracts #Partnerships for #distribution and admin Multi-lingual telesales call centres What does not work: Traditonal mindest (!!!) Do everything yourself Partnerships with not buy-in of key leaders No budget for #marketing Much more has been presented which we will summarize in the conference report. Mohammed Ali Ahmed Laura Elena Rosado Ovia K. TUHAIRWE S M Ziaul Hoque, FLMI Microinsurance Network Munich Re Foundation Dirk Reinhard NEPAL INSURANCE AUTHORITY (Insurance Regulatory)
Quite eye-opening. When it comes to traditional insurance mindset, perhaps Gideon Ataraire can expound further; given that the insurance industry is highly regulated, is there a balance between traditional and new thinking when it comes to micro, or is it a matter of unlearning everything old and shifting to the new?
Incredible insights shared at the conference, it's clear that a fresh approach is essential for progress in insurance. 🌟
Great set of lists and lessons 👍🏻 Shailee Pradhan, PhD Shelly Habecker, PhD Elsa Lengeler Kayla Eckles
CEO and Founder @ Companion Insurance Group | Microinsurance Innovator
1moAnother item I would add on what works is a better understanding through research of customer need and mentality. In one of the products we are underwriting clients prefer paying through produce and livestock than cash.