Posts Tagged ‘microinsurance’



September 9th, 2013

Opportunities in Latin America: A Microscopic Look

Posted at 1:00 AM ET

lamm-tennant_joan_biodominedo-stefano-photoJoan Lamm-Tennant, PhD, Global Chief Economist and Risk Strategist, and Stefano Dominedo, Vice President

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While markets in some developed countries are demonstrating signs of recovery from the economic uncertainty of the last few years, and the growth in some developing markets is slowing, emerging countries remain attractive for insurance companies seeking opportunities for profitable growth. Latin America is an especially significant emerging region - it is rich in natural resources, geographically close to the United States and all of its governments are democratic. Before entering and engaging in business in this region, it is necessary for companies to be familiar with the economic environment, political situation, regulations, trends and risks that may be encountered.

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May 2nd, 2013

Microinsurance on GC Capital Ideas

Posted at 1:00 AM ET

Here we review recent stories on GC Capital Ideas that covered microinsurance.

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February 25th, 2013

Thinking Differently: Opportunities for Profitable Growth

Posted at 1:00 AM ET

lamm-tennant_joan_bioJoan Lamm-Tennant, PhD, Chief Economist and Risk Strategist
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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. Stabilizing social/political conditions, investments in infrastructure and demographic progression continue to fuel strong positive GDP growth and increasing insurance penetration in emerging economies. In these economies, overall direct premiums increased 1.3 percent in real terms in 2011, with non-life premiums increasing 9.1 percent.

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September 8th, 2012

Thinking Differently: Opportunities for Profitable Growth

Posted at 11:00 PM ET

lamm-tennant_joan_bioJoan Lamm-Tennant, PhD, Chief Economist and Risk Strategist
Contact

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. Stabilizing social/political conditions, investments in infrastructure and demographic progression continue to fuel strong positive GDP growth and increasing insurance penetration in emerging economies. In these economies, overall direct premiums increased 1.3 percent in real terms in 2011, with non-life premiums increasing 9.1 percent.

Continue reading…

April 23rd, 2012

Guy Carpenter Convenes Local Practitioners for Index-Based Catastrophe Micro(re)insurance Seminar in Mozambique

Posted at 1:00 AM ET

Alex Bernhardt, Vice President
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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.

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August 11th, 2011

Microinsurance and Haiti: The Theoretical Becomes Real

Posted at 1:00 AM ET

Alex Bernhardt, Vice President
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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.

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July 26th, 2011

Guy Carpenter Wins 2011 Reinsurance Power Broker® Awards For Client Service, Market Insights and Creative Solutions

Posted at 1:29 PM ET

In recognition of their excellence in delivering value-added client service, 17 Guy Carpenter colleagues have been named to Risk & Insurance magazine’s 2011 list of Reinsurance Power Brokers. The distinctions were accompanied by high praise from clients, who applauded the award-winning brokers for their depth of industry knowledge and dedication to addressing client needs.

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March 30th, 2011

Microinsurance Catastrophe Risk Organisation (MiCRO) Created to Help Protect Haiti’s Micro Entrepreneurs

Posted at 9:56 AM ET

The formation of Microinsurance Catastrophe Risk Organisation (MiCRO), an innovative donor-capitalized insurance facility developed by a syndicate of strategic stakeholders, will empower Haiti’s micro-entrepreneurs to protect themselves against the economic aftermath of severe natural catastrophes. The facility’s scalable model for microinsurance is the first of its kind in Haiti and is aimed at the country’s ‘informal sector’ - the organized poor who have taken steps to increase their economic standing and stability through the creation of small businesses.

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March 24th, 2011

Top Stories on Microinsurance from GC Capital Ideas

Posted at 1:00 AM ET

We present here the top stories on microinsurance that have appeared on GC Capital Ideas, recently.

Reactions Magazine Recognizes Two Guy Carpenter Specialists as Industry “Rising Stars”: Reactions magazine has selected two Guy Carpenter & Company specialists as part of its sixth annual “Rising Stars” feature. Published in the February issue, the prestigious list honors the “names to watch in insurance, reinsurance and broking,” those recognized as having the potential to serve as “the next generation of leaders in the insurance industry.” (Alex Bernhardt, Head of GC Micro Risk Solutions (SM))

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Guy Carpenter Asia Pacific Catastrophe Report; Executive Summary:  The Asia Pacific region has significant exposure to a wide variety of catastrophe perils: within the region lie some of the world’s most active earthquake areas, the northwest Pacific typhoon zone and numerous other localized threats of windstorm, flood, hail, snow, freeze and fire. In fact such catastrophe exposures could be said to be the “greatest” of any region of the world. These exposures generate a clear need for insurance for commercial ventures and for individuals with economic well-being and reinsurance for the insurance company aggregators of this exposure.

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Microinsurance: A Market with Untapped Potential: In 2008 Guy Carpenter was awarded an Innovation Grant by the Microinsurance Innovation Facility to develop risk transfer capacity for microinsurance risks throughout the developing world. Since then, Guy Carpenter has worked tirelessly with microfinance institutions (MFIs), insurers and reinsurers worldwide to narrow the gap between microreinsurance market supply and demand.

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GC Videocast - Rendez-Vous Press Briefing, International Growth (Henry Keeling): Henry Keeling, President and CEO, International Operations, Guy Carpenter & Company, describes the restructured European organization of Guy Carpenter. New teams, new individuals and strengthened and enhanced operations have been set up in many territories in Europe. New leaders are focusing on European operations and many global Guy Carpenter executives are now based in Europe. The new structure provides a platform for integrating the analytical and broking sides of our business.

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Guy Carpenter & Company a Media Partner at MicroInsurance Summit 2010, London: Microinsurance, an emerging category of microfinance, works in a manner similar to traditional commercial insurance - except products are designed for and distributed to low-income populations, predominantly in emerging economies that have had historically low insurance penetration. Because this corner of the market is relatively new, many insurers find it difficult to write “micro” policies with little access to loss history, exposure data, and other essential underwriting information. Without access to reinsurance, the situation becomes even more challenging.

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March 22nd, 2011

Guy Carpenter to Develop Agriculture Microinsurance Market

Posted at 1:00 AM ET

Guy Carpenter & Company, LLC announced that it will receive a $1.0 million grant from the International Finance Corporation (IFC), a member of the World Bank Group, to help develop a market for weather, index-based microinsurance in order to benefit farmers in Mozambique, where the majority of the population depends directly on agriculture for economic subsistence.

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