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Microinsurance and Inclusive Insurance Training Program

June 9 - June 13

Preamble

Microinsurance and inclusive insurance play a pivotal role in extending financial protection to underserved and low-income populations. By offering accessible and affordable insurance products, these models help mitigate risks and promote economic stability among vulnerable communities. This training program is designed to equip participants with the knowledge and skills necessary to develop, implement, and manage effective microinsurance and inclusive insurance initiatives.

Training Objectives

By the end of this training, participants will be able to:

  • Understand the fundamental principles and importance of microinsurance and inclusive insurance.
  • Identify and analyze the needs of target markets for microinsurance products.
  • Design and develop insurance products tailored to low-income and underserved populations.
  • Implement effective distribution and marketing strategies to reach target clients.
  • Navigate regulatory frameworks and ensure compliance in microinsurance operations.
  • Evaluate and manage risks associated with microinsurance portfolios.
  • Assess the impact of microinsurance programs and implement strategies for continuous improvement.

Training Content

Module 1: Introduction to Microinsurance and Inclusive Insurance

  • Definition and significance of microinsurance and inclusive insurance.
  • Global trends and the current landscape of microinsurance.
  • Key stakeholders and their roles in the microinsurance ecosystem.

Module 2: Understanding the Target Market

  • Demographic and socio-economic characteristics of low-income populations.
  • Assessing the insurance needs and preferences of underserved communities.
  • Barriers to insurance uptake and strategies to overcome them.

Module 3: Product Design and Development

  • Principles of designing microinsurance products.
  • Case studies of successful microinsurance products.
  • Pricing strategies and ensuring product affordability.

Module 4: Distribution and Marketing Strategies

  • Innovative distribution channels for reaching low-income clients.
  • Building partnerships with community organizations and microfinance institutions.
  • Effective marketing and communication strategies to raise awareness.

Module 5: Regulatory Frameworks and Compliance

  • Overview of regulatory environments affecting microinsurance.
  • Ensuring consumer protection and ethical practices.
  • Navigating licensing and reporting requirements.

Module 6: Risk Management and Assessment

  • Identifying and evaluating risks in microinsurance operations.
  • Developing risk mitigation strategies.
  • The role of reinsurance in microinsurance.

Module 7: Monitoring, Evaluation, and Impact Assessment

  • Setting key performance indicators (KPIs) for microinsurance programs.
  • Collecting and analyzing data to assess program effectiveness.
  • Implementing feedback mechanisms for continuous improvement.

Final Assessment & Certification

  • Participants will engage in a capstone project, developing a comprehensive microinsurance strategy for a hypothetical or real-world scenario.
  • Upon successful completion, participants will receive a certification recognizing their expertise in microinsurance and inclusive insurance.

Target Audience

This training is suitable for:

  • Insurance professionals aiming to expand into microinsurance markets.
  • Microfinance practitioners interested in integrating insurance products.
  • Policy makers and regulators focusing on inclusive financial services.
  • Non-governmental organizations (NGOs) working on financial inclusion initiatives.
  • Development agencies and donor organizations supporting microinsurance projects.

Training Methodology

  • Instructor-Led Training (ILT): Expert-led sessions providing in-depth knowledge and practical insights.
  • Case Studies: Analysis of real-world examples to illustrate best practices and lessons learned.
  • Workshops: Interactive sessions focused on product design, marketing strategies, and risk management.
  • Group Discussions: Collaborative discussions to share experiences and solutions to common challenges.
  • E-Learning Modules: Self-paced online materials to reinforce learning and provide flexibility.
  • Assessments & Certification: Regular evaluations to assess understanding and application of concepts, culminating in a final project and certification.

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Details

Start:
June 9
End:
June 13
Cost:
Ksh82500.00
Event Category:
Website:
www.globopointconsultants.com

Venue

NAIROBI
Nairobi, Kenya + Google Map

Organizer

Globopoint Consultants Limited
Phone
0722103961
Email
info@globopointconsultants.com
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