Here we review recent stories on GC Capital Ideas that covered microinsurance.
Thinking Differently: Opportunities for Profitable Growth: The macroeconomic environment continues to be top-of-mind among insurance leaders. With growth in global real gross domestic product (GDP) slowing from 4.1 percent in 2010 to 3 percent in 2011, insurance leaders continue to experience significant headwinds challenging profitable growth. As reported by Swiss Re, insurance overall direct premiums declined 0.8 percent in real terms in 2011. Nevertheless, pockets of opportunities do exist and will continue in the near term.
Guy Carpenter Convenes Local Practitioners for Index-Based Catastrophe Micro(re)insurance Seminar in Mozambique: Guy Carpenter, in conjunction with Asia Risk Centre (ARC), a division of RMS, held a training seminar in Maputo, Mozambique on the development, design and application of index-based approaches to catastrophe micro(re)insurance in low-income countries. The event took place as part of the organizations’ joint project under International Finance Corporation’s Global Index-Insurance Facility (GIIF) initiative, of which Swiss Re is a strategic partner. The event occurred in March, 2012.
Microinsurance and Haiti: The Theoretical Becomes Real: Microinsurance is often touted as an important potential new revenue stream for insurers operating in developed markets, as well as the foundation for outsized growth in emerging economies. Yet with few tangible examples of the effectiveness of microinsurance, such prospects tend to remain relegated to the realm of the “potential.” A recent catastrophe in Haiti signals that change may be afoot, however, as microinsurance payouts work to help borrowers recover from loss more quickly.