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Fifteenth International Course
Advanced Reflective education and Training (ART) on
Micro Insurance and Micro Pension
(Risk Transfer Solution to Address Poverty),
January 22-25, 2018

Introduction

Micro finance has been proved to be an effective strategy for addressing poverty and it has resulted in enhancing the access to savings and credit services by the poor communities across countries. However, in the absence of insurance mechanisms to protect them from risks and vulnerabilities arising from uncertain losses, development effects accrued out of micro finance could not be sustained. Without much assets and resources to fall back in the event of a peril, the poor are left with informal community mechanisms in most cases and very few have access to formal/financial risk protection mechanisms of insurance. Globally micro insurance is recognized as a potent tool for poverty reduction and successful initiatives by public and private sector are in existence. With increase in elderly population and increased trends in longevity, understanding the micro pension models is also the need of the hour. On the other hand, the insurance sector is faced with many demand and supply side issues especially in reaching out to marginal communities. Micro insurance products not in tune with the needs, lack of cost effective mechanism to reach out to masses in the rural areas, lack of proper awareness about insurance and insurance products among the communities are some of the challenges the sector in faced with. On the other hand there are many models being piloted and technology driven opportunities are on the surface which show promising results in enhancing insurance access in developing countries.

This Advanced Reflective education and Training (ART) on Micro Insurance and Micro pension course enables participants from around the world to learn from large scale successful, sustainable, and viable models of micro insurance and pension.

Participants

Participants include micro insurance & micro pension practitioners, micro finance institutions & micro finance networks & NGOs, researchers & academia, donors, insurers, governments and international agencies.

Course Design

The course comprises of six interdependent modules.

Module 1: Micro Insurance through mutuality

The concept of mutuality is a fundamental premise of helping each other in the event of difficult situations, practiced by communities and is very well the basis of the formal insurance mechanisms and processes. This module would build on the insurance and mutuality concepts and principles as well as the insurable risks faced by the disadvantaged communities. The value of mutuality for the community and their coping strategies is integrated in this module. The participants would learn to analyze the gaps in products of mainstream insurers versus the needs of the poor. The demand stream perspectives of insurance as well as the alternative distribution approaches to reach insurance to poor would be focused.

Module 2: Micro insurance and life and non-life risks

The different facets of life risks and the products would be dealt in detail for a good understanding and relating to the contexts of the participants.

There would be focused discussions and deliberations on the health insurance under different models as well as the present scenario.

The major livelihoods of poor are crop husbandry and animal husbandry. The livelihoods development has to be necessarily associated with protection of livelihoods assets for the development to be viable and sustainable. The principles, practices and challenges of different micro and mutual livestock and crop insurance programs would be discussed.

Towards the understanding and appreciation of the effectiveness of micro insurance product and processes, impact assessment would be focused in this module.

Module 3: Micro Pension for longevity risk

Pension for the unorganized sector communities is a growing concern in many developing countries. This module provides hands on experience to the participants on the community based contributory Micro Pension initiative that is in practice.

Module 4: Micro Insurance product design lab

The insurance product is designed by insurance industry involving actuarial experts, who price the product on the risk probability and the benefit pattern. It is obvious that a fair understanding and knowledge on actuarial aspects in insurance product design is appropriate for the participants. Actuarial experts would handle the sessions of the lab to make the participants appreciate and understand the technicalities in a lucid and effective manner and there would be hands on practical session.

Module 5: Micro insurance sustainability and regulations

It is pertinent to note that micro insurance would be viable when the product is designed appropriately on actuarial lines as well as it is in tune with the needs of the people. However, the safety net mechanisms including reinsurance are vital for its sustainability. The safety nets and reinsurance would be covered under this module.

Micro insurance is in its nascent stage globally and facilitating regulations would aid in development of micro insurance. This module would focus on the insurance regulations with specific focus on micro insurance.

Module 6: Micro Insurance International perspectives

A workshop on country specific micro insurance experiences, products and models would enhance the global micro insurance perspectives of the participants and would help in cross learning and forging collaborations.

Field visit

Participants would visit community organizations and health care providers, implementing micro and mutual insurance, to understand the risks and vulnerabilities of poor and the relevance of micro/mutual insurance in protecting them from different risks - Life, health, livestock, crop and longevity. The visit would clarify on the need for micro insurance solutions as well as the processes and mechanisms for viability and sustainability.

Pedagogy

The learning process includes case studies, videos, group discussions, resource lectures, lab process experience sharing, workshop and field visit.

Faculty

The faculty members are leading micro insurance practitioners, micro insurance trainers, consultants, and academicians.

Registration

Fee: USD 1250 for international participants (INR 50,000/- for Indian participants only) for the course towards food, stay, tuition, course materials, field visits and sightseeing. For those who also register for the subsequent course on Micro Pension, the course fee is USD 1250 (INR 50,000). Please refer the brochure in ART on Micro Insurance and Micro Pension at http://www.dhan.org/tda/art15.php

The fee may be sent by Demand Draft in favour of "DHAN Foundation" payable at Madurai, or by international bank transfer to: Account Name: DHAN Foundation, Canara Bank Town Hall Branch, Town Hall Road, Madurai- 625 001, SB Account No.: 1013101028758, Swift Code: CNR BIN BB UFM. IFSC Code: CNRB0001013

For further details, please contact
Mr. A. Gurunathan & Ms. SGayathri
(ART Course Coordinators)
Fifteenth International ART Course
Tata-Dhan Academy
1A Vaidhyanathapuram East,
Kennet Cross Road
Madurai - 625 016
Tamil Nadu, India
Tel: +91-452 2302500 / 561, 563
Mob: +91-94434 19064, 98423 61013
Email: artmi@dhan.org
Website: http://www.dhan.org/tda/art15.php



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