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There is a clear need for better risk management for small scale farmers, yet the demand for microinsurance from clients is not necessarily there. Pranav Prashad discusses the challenges of delivering agricultural microinsurance.
"The microinsurance industry is growing exponentially as the technology expands exponentially." Eric Gerelle talks about this exciting growth and the central role of technology.
This video was captured during the microinsurance training event organised by the Gordon Institute of Business Science and supported by the Microinsurance Innovation Facility, in October 2010. Janice Angove and Nashelo Tande, from the actuarial consultancy Quindiem, present the business case for microinsurance.
Drawing on Quindiem’s research into insurance and the low-income market, Angove and Tande discuss how microinsurance can contribute to a company’s sustainability, the keys to success within this market and how insurers must balance innovation with good business practice.