Posts Tagged ‘microinsurance’

Microfinance Focus, September 28, 2010: Food Early Solutions for Africa (FESA), a Millennium Development Goal  (MDG) effort commissioned by the Netherlands Minister of Development Cooperation aims to develop and implement a large scale, low cost drought insurance approach that reaches farmers in Africa. It is carried out by EARS Earth Environment Monitoring in cooperation with RABO Development and Ecorys. EARS is receiving hourly visual and thermal ... Full story

Microfinance Focus, Sep 2, 2010: Addressing a gathering at the Global Insurance Summit organized by ASSOCHAM in Mumbai on Wednesday, Union Finance Minister, Pranab Mukherjee stressed on the need of popularizing Microinsurance for achieving financial inclusion in the country. Identifying financial inclusion as one of the biggest challenges for the Indian insurance market, he said, “One of the important challenges before the insurance industry today is ... Full story

Microfinance Focus, Sep 1, 2010: The Asian Development Bank (ADB) is providing a two-year $750,000 grant from the ADB-administered Regional Cooperation and Integration Fund to examine market supply and demand for microinsurance in People’s Republic of China and Mongolia. The grant will address policy, regulatory and institutional barriers in the region’s Microinsurance sector. ADB will work with the Access to Insurance Initiative (A2II), a global program ... Full story

Microfinance Focus, Aug 24, 2010: PK4 Software Technologies, a Bangalore based Software-as-a-Service (SaaS) CRM company has been selected as a winner in NASSCOM’s AppFAME Contest for its hand-held rural healthcare and microinsurance application ‘ImpelCARE’. Winning in the enterprise app category this hand-held-based tele-medicine and microinsurance application is administered by Village Health Champions (VHCs) - women from local villages who are familiar with customs and people have ... Full story

Microfinance Focus, July 29, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. MOU signed with gramin bank for strengthening SHGs: The Women Development Corporation (WDC), Bihar, on Wednesday signed an MoU with Madhya Bihar Gramin Bank (MBGB) for strengthening self-help groups (SHGs) in eight districts of the state by linking them to the bank. The ... Full story

Microfinance Focus, July 26, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. SKS Microfinance IPO: Invest: Investors with a high risk appetite can consider subscribing to the Initial Public Offer (IPO) of SKS Microfinance, one of the largest microfinance NBFCs in India. Presence in the under-penetrated micro-financing segment offers immense growth potential. The company has ... Full story

Microfinance Focus, July 19, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Microfinance: Back to the Drawing Board: Yohane Mdeme owns a food market in Tanzania. Though poor and with little to no collateral, he applied for a loan of $850 through Kiva.org to expand his small business. Twenty years ago in such a place ... Full story

By Asma Azmi, Microfinance Focus, July 1, 2010: Microinsurance is increasingly being viewed as an instrument of freeing poor people from the shackles of poverty. By insuring against unanticipated risks like illnesses, accidents, crop failure and climatic catastrophes, it can enable accumulation of assets for productive purposes and wealth creation. Yet Microinsurance Centre data show that only 78 million people were covered by microinsurance in the ... Full story

Microfinance Focus, June 29, 2010: Microfund for Women (MFW), Jordan’s first microfinance program has recently launched the region’s first gender-sensitive microinsurance product, CareGiver. The products targets to help low-income women better cope with financial burdens associated with a medical emergency. With support from the International Labor Organization (ILO), MFW and its partner, Women’s World Banking (WWB), are providing this innovative insurance policy to MFW borrowers, ... Full story

  Microfinance Focus, June 15, 2010: Aga Khan Agency for Microfinance (AKAM) is an industry pioneer in developing micro health insurance products.  Realizing the fact that a near absence of health insurance, often leaves the poor impoverished due to illnesses and sudden causalities, AKAM opened the First Microinsurance Agency Pakistan in 2007 and the First Microinsurance Agency Tanzania in late 2008. To further extend its services, ... Full story

Microfinance Focus, June 9, 2010: Speaking at the inaugural ceremony of the new building of Insurance Institute of India in Mumbai yesterday, India’s Finance Minister, Mr. Pranab Mukherjee asked insurance industry to give more focus to generate the required level of awareness about the benefits of insurance to rural people particularly those living in semi-urban and rural areas. “One of the important challenges before the ... Full story

Microfinance Focus, May 7, 2010: LeapFrog Investments, the world's first microinsurance fund, announced its final close on $137 million for investments in Africa and Asia – a record amount that makes leapFrog the largest investor in microinsurance worldwide, according to an official statement. The fund announced major new investors including J.P. Morgan, TIAA-CREF, and Proparco as well as the Waterloo Foundation and the ACE Group. ... Full story

March 5, 2010: As East Africa recovers from the worst drought in decades, an innovative program launched on Friday will use a low-cost, mobile phone payment and data system, and automated, solar powered weather stations, to offer thousands of farmers in parts of Western and Central Kenya affordable, "pay as you plant" insurance to protect ... Full story

Microfinance Focus, Feb 18, 2010: The Monetry Board of Bangko Sentral ng Pilipinas (BSP) early this month approved the marketing, sale and servicing of micro-insurance products by rural, cooperative and thrift banks. This approval allows the network of nearly 3,500 rural, cooperative and thrift banking offices to serve as distribution points for authorized micro-insurance products offered by licensed insurance providers. Recent events like the super typhoons have ... Full story