Event Details

About the Event:
This course presents the seven basic principles of insurance and challenges that microinsurance faces. Participants will be able to know existing coping mechanisms of the poor against adversities. The course will differentiate characteristics of informal and formal insurance. Different microinsurance products will be discussed given their relative complexity to implement.

Participants will likewise be taught on a framework to assess insurance needs of clients. Calculation of probability of risk occurrence; premium; and assessing financial implications is an integral part of the course. The financial product design and development process will be used as the framework for developing microinsurance products. The course also outlines strategies in implementation such as linking up with formal insurance or being dependent; and making the microinsurance mandatory or voluntary.