2019 International Webinar - Any Perfect Formula in Microinsurance? Improving Pricing - Sept 26

Microinsurance as inclusive insurance offers social protection coverage to low-income policyholders. These products have many limitations due to the lack of knowledge and experience in the insurance market. From an actuarial perspective, the lack of skills limits the application of adequate methodologies to these products. Few studies have developed practical approaches to improve these deficiencies and especially microinsurance pricing. The underlying research proposes the application of a pricing methodology, widely used in the insurance industry, but applied to microinsurance. In this sense, using actuarial expertise in traditional insurance contributes to developing the technical skills of low-income market practitioners. Furthermore, practical experience of pricing in the context of microinsurance will be shared. In addition, opportunities arise for mature markets in which vulnerable segments of the population are also evident. Mutual collaboration between microinsurance professionals and expert actuaries is the most effective way to achieve sustainable development of inclusive products within the insurance sector.