Update of activities from ICMIF Development Committee Chair

1. Update of activities from ICMIF
Development Committee Chair
Nelson C Kuria, CEO & MD, CIC Insurance Group,
Kenya
ICMIF Biennial Conference
Friday 28th October 2011

2. The ICMIF Development Function

3. How do we achieve the Objectives

4. ICMIF Development Network
Seminar 2007- 2010

5. CANADA
2007

7. 2008- THE NETHERLANDS

10. 2010- INDIA

13. Member to member cooperation
A few examples illustrating the solidarity amongst ICMIF network members:
• SOCODEVI (Canada) Insurance Program and Support to Tajy (Paraguay) (2011)
• Seguros Futuro (El Salavador) visits Coopseguros del Ecuador (2011)
• IFFCO-TOKIO (India) provides assistance to SICL (2011)
• BRS (Belgium) and MUSSCO (Malawi) collaborate on a microinsurance project
(2011)
• Tajy (Paraguay) and La Segunda (Argentina) introduce agricultural insurance (2010)
• SOCODEVI (Canada), SSQ (Canada) and MACIF (France) established health mutual
in Mali (2009)
• DID (Canada) and SANASA (Sri Lanka) develop crop insurance (2008)

14. México
Guatemala
República
Dominicana
El Salvador
Honduras
Costa Rica Nicaragua
Panamá Venezuela
Colombia Perú
Ecuador Paraguay

15. RAMOS DE VIDA
Número de Asegurados 2004 - 2010
2,606,871
3,000,000
2,205,128
2,500,000
1,748,876
1,607,479
1,439,048
2,000,000
1,275,726
1,500,000
800,175
1,000,000
500,000
0
Años 2004 2005 2006 2007 2008 2009 2010
Crecimiento Anual 59% 13% 12% 9% 26% 18%

16. RAMOS DE DAÑOS
Número de Asegurados 2004 - 2010
143,782
133,860
120,995
160,000
140,000
120,000
76,799
100,000
46,511
80,000
39,423
31,370
60,000
40,000
20,000
0
Años 2004 2005 2006 2007 2008 2009 2010
Crecimiento Anual 26% 18% 65% 58% 11% 7%

17. COLOMBIA 2011

26. Microinsurance Survey
Survey sent to ICMIF members
providing microinsurance products
so as to:
• Increase our knowledge about
ICMIF microinsurance providers
• Identify areas where we could
provide assistance
Output of the survey:
• 45 companies answered
• writing of a publication on
members’ companies

31. IAIS ISSUES PAPER

33. ICMIF/Americas
Development
Work

34. Development of a Unique Microinsurance
Product
for Microentrepreneurs
in Colombia
MICROVIDA
group life microinsurance product
designed for low income
cooperative microentrepreneurs
and clients of microfinance
institutions

35. Dominican Republic
Mitigating the
Socio-economic Impact of HIV/AIDS
Prevention education delivered by over 40 Coop-Seguros’ cooperative
owners reaching over 135,000 cooperative members to date.

36. Nicaragua: Increasing access to
affordable insurance
La Central Cooperativa Financiera de Cooperativas de
Ahorro y Crédito
• Increase number of insureds from
over 21,000 to 30,000
• Developed capacities of
insurance department to
become self-sustainable.
• Designed member benefits that
meet member needs and are affordable (i.e., funeral
benefit)

41. MICROINSURANCE MEMBERSHIP CREATED
South African Federation of Burial Society (SAFOBS)
National Cooperative Insurance Society (NCIS)
NATCCO MBA
Takmin Working Group

50. ALLNATIONS Inc

56. The Development Committee has recently approved a
a three year strategy paper with the GOAL
To support access to mutual based risk protection for
the mass market.
BUT WE NEED YOU to support ICMIF
achieve this
Lets look at an example how this maybe done!