Martin publishes chapter in Microinsurance Compendium
Endeva associated expert Martin Herrndorf has co-authored a chapter entitled “Teaching Elephants to Dance: The Experiences of Commercial Insurers in Low-Income Markets” with Janice Angove (Wits University, South Africa) and Brandon Mathews (Zurich Financial Services, Switzerland). It highlights models for success for the internal organization of microinsurance strategies in large, commercial insurers, and provides insights for external outreach and the building of market relations to reach low-income clients.
The chapter is part of the second volume of the Microinsurance Compendium published by the Munich Re Foundation, the Microinsurance Network and the ILO Microinsurance Innovation Facility in 2012 as a follow-up to the first volume in 2006. The compendium is a “unique collection of recent practices and emerging ideas in microinsurance”, and describes how the microinsurance sector has dramatically evolved to impact the lives of millions of low-income households with insurance covers.
Endeva has earlier summarised the lessons learned on microinsurance at Allianz, leading to the “Learning to Insure the Poor” report published by Allianz in June 2010, and has recently published a case study on the Kilimo Salama crop insurance scheme in Kenya as part of a project on climate change adaptation and inclusive business.