Pathways towards greater impact: Better microinsurance models, products and processes for MFIs - New Briefing Note from the ILO's Microinsurance Innovation Facility
The experiences of innovative microfinance institutions (MFIs) have made it clear that they can be effective distribution channels for microinsurance. The findings of a survey reviewing 450 MFIs suggest that MFIs are evolving beyond basic credit life insurance.
This briefing note provides a concise review of the challenges and successes of microfinance institutions and offers ten key recommendations for MFIs to improve their microinsurance offerings.