Resources on social finance
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Article
Emerging Insight: Seguros Bolivar designs versatile insurance product
19 July 2023
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Publication
Social Finance Brief: Seguros Bolivar
25 April 2023
In 2018, the Colombian insurance company Seguros Bolivar launched “Tranquilidad Pymes”, a multi-risk insurance product to protect micro, small and medium-sized enterprises in Colombia. This Social Finance Brief shows how the company developed its communications and product design strategy.
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Publication
Selling insurance through agent networks
22 November 2022
Distribution is one of the biggest obstacles in offering insurance services to low-income households, small enterprises and rural communities. Digital channels offer new opportunities, but a more high-touch model is often needed to educate households about insurance and to build trust. Agent networks, such as those used in banking and microfinance, can help address some of these challenges faced in insurance. This brief presents ten lessons from banks, MFIs and existing experiences of insurers in establishing and using agent networks, laying out the different ways these networks can operate.
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Publication
Social Finance Brief: Pacífico Seguros
15 September 2022
Pacífico Seguros is Peru’s largest insurer in terms of premiums collected and second largest in terms of people insured. In this Social Finance Brief, we explore "Protected Business", an insurance product designed by Pacífico to cover the main risks faced by SMEs in Peru: theft, fire, earthquakes and civil liability against third parties.
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Publication
Social Finance Brief: Insurance for MSMEs in Mexico
16 August 2022
The ILO’s Impact Insurance Facility has been collaborating with the Mexican Association of Insurance Institutions to build inclusive insurance markets for excluded persons and for micro, small and medium enterprises (MSMEs) in the country. This brief identifies strategies to overcome barriers to insurance for MSMEs, based on the experiences of seven companies in Latin America.
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Article
Emerging Insight: Using a modular approach to improve client understanding
19 May 2022
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Publication
Social Finance Brief: Segurísimo
15 March 2022
Segurísimo is a low-cost insurance product, developed by Seguros Mundial in 2020 and aimed at the vulnerable, rural or traditionally excluded people in Colombia. This brief gives a history of the development and characteristics of this inclusive insurance initiative.