Update of activities from ICMIF Development Committee Chair

Nelson C Kuria, CEO & MD, CIC Insurance Group,Kenya

ICMIF Biennial ConferenceFriday 28th October 2011

The ICMIF Development Function

How do we achieve the Objectives

ICMIF Development Network Seminar 2007- 2010

CANADA 2007

2008- THE NETHERLANDS

2010- INDIA

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)

Guatemala

El Salvador

Costa Rica

Panamá

Colombia

Ecuador

México

RepúblicaDominicana

Honduras

Nicaragua

Venezuela

Perú

Paraguay

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

2004 2005 2006 2007 2008 2009 2010

800,

175

1,27

5,72

6

1,43

9,04

8

1,60

7,47

9

1,74

8,87

6 2,20

5,12

8

2,60

6,87

1

Años

RAMOS DE VIDANúmero de Asegurados 2004 - 2010

Crecimiento Anual 59% 13% 12% 9% 26% 18%

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

2004 2005 2006 2007 2008 2009 2010

31,3

70

39,4

23

46,5

11

76,7

99

120,

995

133,

860

143,

782

Años

RAMOS DE DAÑOSNúmero de Asegurados 2004 - 2010

Crecimiento Anual 26% 18% 65% 58% 11% 7%

COLOMBIA 2011

Microinsurance Survey

Survey sent to ICMIF membersproviding microinsurance productsso 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

IAIS

ISS

UE

S P

AP

ER

ICMIF/Americas Development

Work

Development of a Unique Microinsurance Product

for Microentrepreneurs in Colombia

MICROVIDAgroup life microinsurance product designed for low income cooperative microentrepreneurs and clients of microfinance institutions

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.

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)

Nicaragua: Increasing access to affordable insurance

Takmin Working Group

National Cooperative Insurance Society (NCIS)

South African Federation of Burial Society (SAFOBS)

MICROINSURANCE MEMBERSHIP CREATED

NATCCO MBA

ALLNATIONS Inc

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!