A majority of insurers and distributors in traditionally underserved markets still struggle to offer insurance products that are viable for them and valuable for consumers. Capacity gaps among insurers’ staff are one of the factors inhibiting this progress.
The Impact Insurance Facility of the ILO seeks to develop a sustainable flow of high-quality capacity building programmes to insurers, distributors and other market players, as part of its mission to develop inclusive insurance markets. Among these initiatives, a new online course “Insurance for Development” is offered in an attempt to bridge the capacity gaps of insurance professionals on business models and strategies of how to provide insurance solutions to the underserved markets.
A series of self-paced elearning modules on the elements of viable business models
Tap in the knowledge of the speakers from the ILO and partners working within the inclusive insurance globally
Learn from the experience through the case-studies and collective wisdom
The course has five specific objectives:
The e-learning course will be implemented over a period of approximately 5 weeks and is structured around 5 content modules with activities and assignments.
An equivalent of 1 day of learning is foreseen in each calendar week as a combination of self-paced learning with activities and a webinar with a speaker. Self-learning modules can be taken flexibly, while the webinar will be scheduled as a live presentation and discussion (the webinar’s recording will be available).
Each of the five learning modules of the course have a fixed structure and includes the following components:
Upon completion of the course, participants receive a certificate of attendance.
Uninsured risk has devastating consequences on future generations and constraints their entrepreneurial potential. However, in many developing countries, the insurance industry is not yet fulfilling its potential.
The ILO’s Impact Insurance Facility works to enable the insurance sector, governments, and their partners to embrace impact insurance to reduce households’ vulnerability, promote stronger enterprises and facilitate better public policies.