Tapping an Unconventional Micro insurance Market 2015 Industry Trends, Size, Share, Growth, Analysis, and Forecasts
Synopsis Market Research Store 'Insight Report: Microinsurance – Tapping an Unconventional Market' analyzes the growth of microinsurance globally, and the threats and challenges it faces. Most microinsurance businesses are generated from developing countries; it is therefore important to understand the cultural diversity and business environments in Latin America, Asia and Africa. Asia accounts for 80% of the global microinsurance industry, followed by Latin America and Africa with 15% and 5% respectively, according to ILO and Munich Re. Asia had the highest number of people with microinsurance cover, at 170.4 million in 2012.
Synopsis
Market Research Store 'Insight Report: Microinsurance – Tapping an Unconventional Market' analyzes the growth of microinsurance globally, and the threats and challenges it faces. Most microinsurance businesses are generated from developing countries; it is therefore important to understand the cultural diversity and business environments in Latin America, Asia and Africa. Asia accounts for 80% of the global microinsurance industry, followed by Latin America and Africa with 15% and 5% respectively, according to ILO and Munich Re. Asia had the highest number of people with microinsurance cover, at 170.4 million in 2012.
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MARKET RESEARCH STORE<br />
<strong>Tapping</strong> <strong>an</strong> <strong>Unconventional</strong> <strong>Micro</strong><br />
insur<strong>an</strong>ce <strong>Market</strong> <strong>2015</strong> <strong>Industry</strong> <strong>Trends</strong>,<br />
<strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Analysis</strong>, <strong>an</strong>d<br />
<strong>Forecasts</strong><br />
<strong>Market</strong> Research Store included latest deep <strong>an</strong>d professional market research<br />
report on <strong>Tapping</strong> <strong>an</strong> <strong>Unconventional</strong> <strong>Micro</strong> insur<strong>an</strong>ce <strong>Market</strong> <strong>2015</strong> <strong>Industry</strong><br />
<strong>Trends</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>, <strong>Analysis</strong>, <strong>an</strong>d <strong>Forecasts</strong>.
<strong>Tapping</strong> <strong>an</strong> <strong>Unconventional</strong> <strong>Micro</strong> insur<strong>an</strong>ce<br />
<strong>Market</strong> <strong>2015</strong> <strong>Industry</strong> <strong>Trends</strong>, <strong>Size</strong>, <strong>Share</strong>,<br />
<strong>Growth</strong>, <strong>Analysis</strong>, <strong>an</strong>d <strong>Forecasts</strong><br />
Synopsis<br />
<strong>Market</strong> Research Store 'Insight Report: <strong>Micro</strong>insur<strong>an</strong>ce – <strong>Tapping</strong> <strong>an</strong><br />
<strong>Unconventional</strong> <strong>Market</strong>' <strong>an</strong>alyzes the growth of microinsur<strong>an</strong>ce globally,<br />
<strong>an</strong>d the threats <strong>an</strong>d challenges it faces. Most microinsur<strong>an</strong>ce businesses<br />
are generated from developing countries; it is therefore import<strong>an</strong>t to<br />
underst<strong>an</strong>d the cultural diversity <strong>an</strong>d business environments in Latin<br />
America, Asia <strong>an</strong>d Africa. Asia accounts for 80% of the global<br />
microinsur<strong>an</strong>ce industry, followed by Latin America <strong>an</strong>d Africa with 15%
<strong>an</strong>d 5% respectively, according to ILO <strong>an</strong>d Munich Re. Asia had the<br />
highest number of people with microinsur<strong>an</strong>ce cover, at 170.4 million in<br />
2012. Despite the rising penetration of funeral insur<strong>an</strong>ce in South Africa<br />
<strong>an</strong>d mobile microinsur<strong>an</strong>ce (MMI) services in the Sub-Sahar<strong>an</strong> Afric<strong>an</strong><br />
(SSA) market, overall microinsur<strong>an</strong>ce coverage is still very low in Africa.<br />
In Latin America, growth in microinsur<strong>an</strong>ce coverage is led by<br />
commercial insurers, unlike Asia <strong>an</strong>d Africa, where markets are driven by<br />
subsidies, government funds <strong>an</strong>d donors.<br />
Browse Full Report with TOC:<br />
http://www.marketresearchstore.com/report/insight-reportmicroinsur<strong>an</strong>ce-tapping-<strong>an</strong>-unconventional-market-17158<br />
The report also discusses the dynamics of microinsur<strong>an</strong>ce business,<br />
providing insights into the microinsur<strong>an</strong>ce supply chain, business<br />
models, microinsur<strong>an</strong>ce products <strong>an</strong>d the targeted consumer. Insurers
are considering microinsur<strong>an</strong>ce as a long-term growth strategy in new<br />
<strong>an</strong>d potentially high-growth markets. Insurers are increasingly<br />
collaborating with government agencies, non-government org<strong>an</strong>izations<br />
(NGOs) <strong>an</strong>d development org<strong>an</strong>izations to create a market for<br />
microinsur<strong>an</strong>ce.<br />
Summary<br />
<strong>Market</strong> Research Store 'Insight Report: <strong>Micro</strong>insur<strong>an</strong>ce – <strong>Tapping</strong> <strong>an</strong><br />
<strong>Unconventional</strong> <strong>Market</strong>' covers detailed <strong>an</strong>alysis of the global<br />
microinsur<strong>an</strong>ce industry as a source of growth for insurers. It provides:<br />
• Insights into the key global market trends in the microinsur<strong>an</strong>ce<br />
industry.
• Evaluation of microinsur<strong>an</strong>ce as a business case for commercial<br />
insurers.<br />
• Insights into different microinsur<strong>an</strong>ce business models.<br />
• Detailed <strong>an</strong>alysis of microinsur<strong>an</strong>ce coverage, <strong>an</strong>d supply <strong>an</strong>d dem<strong>an</strong>d<br />
of microinsur<strong>an</strong>ce products.<br />
Scope<br />
• This report <strong>an</strong>alyzes the coverage of the global microinsur<strong>an</strong>ce<br />
industry, along with key trends.<br />
• This report provides <strong>an</strong> insight into the threats <strong>an</strong>d challenges in the<br />
global microinsur<strong>an</strong>ce industry.
• This report discusses product <strong>an</strong>d technological innovations by<br />
microinsurers to increase operational efficiency <strong>an</strong>d microinsur<strong>an</strong>ce<br />
coverage.<br />
• This report also provides <strong>an</strong> underst<strong>an</strong>ding of target consumers of<br />
microinsur<strong>an</strong>ce.<br />
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microinsur<strong>an</strong>ce-tapping-<strong>an</strong>-unconventional-market-<br />
17158#requestSample
Reasons To Buy<br />
• Underst<strong>an</strong>d current developments in the global microinsur<strong>an</strong>ce supply<br />
chain.<br />
• Develop <strong>an</strong> insight into how microinsurers use distribution ch<strong>an</strong>nels to<br />
reach target consumers.<br />
• Gain underst<strong>an</strong>ding of the governments' <strong>an</strong>d NGOs’ roles in developing<br />
microinsur<strong>an</strong>ce, <strong>an</strong>d how commercial insurers c<strong>an</strong> collaborate with NGOs<br />
<strong>an</strong>d governments to penetrate the microinsur<strong>an</strong>ce market.<br />
• Gain <strong>an</strong> insight into best practices <strong>an</strong>d strategy to build scale <strong>an</strong>d<br />
increase commercialization in microinsur<strong>an</strong>ce.
Key Highlights<br />
• <strong>Micro</strong>insur<strong>an</strong>ce faces challenges in terms of costs, as its operating<br />
model involves relatively low premiums. Operating costs do not decrease<br />
in proportion with the low premiums charged, making it imperative for<br />
microinsurers to adopt new approaches to cut costs.<br />
• Reinsurers recognize the potential of microinsur<strong>an</strong>ce <strong>an</strong>d commercial<br />
reinsurers with excess capital are making investments in microinsur<strong>an</strong>ce<br />
development.<br />
• Diversity in distribution ch<strong>an</strong>nels has created <strong>an</strong> opportunity for<br />
insurers to use multiple distribution ch<strong>an</strong>nels. Innovation is enabling<br />
insurers to deliver client value. Used strategically <strong>an</strong>d effectively,<br />
distribution ch<strong>an</strong>nels have the potential to grow beyond selling<br />
microinsur<strong>an</strong>ce, to provide support across the supply chain.
• Target consumers in the microinsur<strong>an</strong>ce industry typically lack fin<strong>an</strong>cial<br />
education. The low-income population does not see insur<strong>an</strong>ce as a riskm<strong>an</strong>agement<br />
tool, due to a lack of underst<strong>an</strong>ding <strong>an</strong>d faith in insur<strong>an</strong>ce.<br />
Comp<strong>an</strong>ies Mentioned<br />
Bajaj Alli<strong>an</strong>z<br />
Pioneer Life<br />
Iffco–Tokio<br />
Mapfre Insur<strong>an</strong>ce<br />
Alternative Insur<strong>an</strong>ce Comp<strong>an</strong>y (AIC)<br />
Hollard Insur<strong>an</strong>ce<br />
Protecta<br />
NSIA Insur<strong>an</strong>ce<br />
<strong>Micro</strong>Ensure
Tata AIA Life<br />
PNB MetLife<br />
HDFC Ergo<br />
Read Complete TOC:<br />
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microinsur<strong>an</strong>ce-tapping-<strong>an</strong>-unconventional-market-<br />
17158#reportTableOfContent
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