Microinsurance

Reinsurance Industry’s Greatest Challenge: Claims Fraud Detection

Somewhat to my surprise, insurance fraud came up during my deep dive into the greatest challenges the reinsurance industry faces. Mostly, it caught my attention because of the other hat I wear here...

Reinsurance Industry’s Greatest Challenge: Emerging Market Distribution

When we launched our new reinsurance initiative at the beginning of the year , we kicked it off with some market research. In addition to the dozens of interviews we’d already conducted, our team...

Microinsurance and Claims: Fraud Prevention and Detection

In developed markets, it’s no secret that insurance fraud is an enormous problem. In the United States alone, according to data from the Aite Group , property/casualty insurance fraud costs the...

Microinsurance and Claims: An Offer of Proof

A claim represents an opportunity for an insurance company to keep its promise. In developed markets, a claimant’s experience can mean the difference between retaining and losing a customer. In the...

Microinsurance and Claims: Key Claims Considerations

The role of the claims department in operating a microinsurance program may be even more sensitive than in mature markets. In any insurance market, large or small, the claims department engages wit...

Microinsurance and Claims: Overview

Microinsurance provides a unique opportunity for both insurers and insureds. Insurers (and their shareholders) can benefit from the growth potential afforded by new markets. At the same time,...