AMMAN – Jordan’s Microfund for Girls and international nonprofit Girls’s World Banking will host representatives from all over the world for an intensive workshop on microinsurance this week in Amman. Microfund for Girls, a Girls’s World Banking community member, created the primary non-public well being microinsurance providing in Jordan.
“Microfund for Girls is eager to hitch their community companions for a microinsurance workshop the place diversified experiences shall be shared and mentioned and new methods will come up,” mentioned Muna Sukhtian Managing Director at Microfund for Girls.
Sponsored by the Agence Française de Développement, this interactive workshop will convene senior managers from Girls’s World Banking’s community of economic establishments all over the world who’ve designed and delivered microinsurance merchandise. The workshop shall be a possibility for practitioners to share challenges and classes discovered in growing aggressive, impactful microinsurance merchandise.
“Girls’s weak well being standing is pushed each by nature and by customized. And but, nearly all of microinsurance accessible precludes care for a lot of of their most urgent well being issues,” mentioned Anna Gincherman, Chief Product Improvement Officer at Girls’s World Banking. “We’re so happy to see such broad geographic illustration and robust curiosity in insurance coverage among the many workshop members.”
Analysis has proven that healthcare prices typically exert probably the most monetary strain on poor households. Assembly the prices of an surprising well being emergency is the commonest motive girls give for having to liquidate or decapitalize their companies. Microinsurance has monumental potential to offer safety and stability to a poor family if the product meets the wants of girls and so they perceive the advantages.
In 2010 Girls’s World Banking labored with Microfund for Girls to create “Caregiver,” a product that gives a money profit after hospitalization that purchasers can use for a variety of associated wants: transportation to the hospital or alternative of misplaced income whereas their companies have been closed.
Essentially the most vital facet of Caregiver is its protection of maternal well being: Microfund for Girls serves 97 p.c girls purchasers and girls usually tend to prioritize the care of their household above their very own. The one exception is when girls are pregnant. Girls’s World Banking assured that the Caregiver coverage covers all hospital stays associated to being pregnant, a function important to bettering maternal well being outcomes and of nice worth to Microfund for Girls’s purchasers.
“At Microfund for Girls we set our technique to offer accountable monetary inclusion to our beneficiaries via offering them with microinsurance as a place to begin,” mentioned Sukhtian.
Constructing on the success of their partnership with Microfund for Girls, Girls’s World Banking is bringing insurance coverage merchandise to different markets, together with establishments in Uganda, Egypt and Morocco, which shall be represented at this workshop.
The workshop will cowl a variety of subjects, together with microinsurance product design and options, advertising and shopper training, coaching and efficiency administration. Members will study forming partnerships with insurance coverage firms and increasing insurance coverage choices with a return-on-investment method. The workshop may also embrace website visits to Microfund for Girls branches to satisfy employees and purchasers, giving members the chance to witness a profitable microinsurance providing firsthand.
“We sit up for this chance to share what we now have discovered concerning the worth of microinsurance—each to girls and to establishments—and in addition welcome the possibility to study from all members who’re dedicated to providing this product in quite a lot of cultural and financial contexts,” mentioned Gincherman.
Members representing establishments from 9 international locations will take part within the workshop, together with Uganda, Nigeria, Morocco, Egypt, India, Indonesia, Lebanon, Pakistan and Bangladesh.
For extra data, contact:
Girls’s World Banking: Maura Hart, +1 212 556 3156 or meh@womensworldbanking.org
Microfund for Girls: Hanan M.S Eltabari, +962 6 566 6100, Ext.129 or h.tabari@microfund.org.jo
