MicroInsurance Centre Briefing Note # 5: Lessons from Health Care Financing Programmes in East Africa

Publication Date: Dec 2003
Published by: MicroInsurance Centre
Document Type: Paper

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Learnings for the microinsurance sector

This document discusses the important lessons learnt from the implementation of the microinsurance program, which can be worked upon so as to improve the overall sector, in east Africa.

The document explains the following:

• The need for systematic development of microinsurance products;
• Aspects related to the pricing of these products;
• Issues related to claims;
• Need for having an effective marketing management;
• Effective risk management of such microinsurance institutes;
• Relationships with the intermediaries.

The document further talks about carrying out due diligence on all partners involved in the business so as to minimize the overall risks associated with the business to the extent possible.