Reinsurance School
Reinsurance is new to the world of micro insurance. Most managers of micro insurance schemes have never dealt with reinsurance, and consequently do not know from experience what reinsurance can do for their micro insurance schemes, and why/how this added degree of financial security is essential for sustainable operations.
Micro insurance units (MIUs) are exposed to a considerable risk of insolvency when operating as small, stand-alone units with inconsistent incomes. To protect them from this financial vulnerability, the training focused on how reinsurance can be used as a tool to build a safety net for micro insurance schemes
The Reinsurance School aims to demystify reinsurance for people engaged in, or supportive of, sustaining micro insurance units. The focus of the event is on presenting reinsurance as a powerful risk management tool for micro insurance units. Participants will be exposed to various lectures, interactive sessions and case-studies that would illuminate the scope of reinsurance in a micro insurance framework, and provide an understanding of the structure of reinsurance contracts.
Training Objective
The training objective of the reinsurance
school is to provide participants with a clear idea about the
advantages of reinsurance for their micro insurance scheme, and the
solutions open to them to formulate demand for reinsurance within the
legal framework in India.
The training is designed to offer participants:
- A better understanding of risk structures
- Benefits of aggregated risks for large groups vs. fragmented risks of stand-alone small groups or individuals
- Identification of reinsurable financial risks for micro insurance units
- A better understanding of the cost and benefits of reinsurance, and its contribution to reducing risk exposure.
- Tips on maintaining win-win collaboration with reinsurers.
The next edition of the Reinsurance School will be held in November 2010. Please visit this page again in a few month or write us at school@mia.org.in!
To register off-line, for information about payments by bank transfer
or any further information, please email us at school@mia.org.in
PAYMENT INFORMATION FOR OVERSEAS PARTICIPANTS
If you reside outside India, payment can be made through bank transfer.
Bank Name: AXIS BANK LTD. (Formerly UTI Bank LTD.)
Bank address: Hauz Khas Delhi, NIFT Campus
City: New Delhi
Postal Code: 110016
Country: India
Beneficiary account number: 552010100058690
RTGS/ IFSC code: UTIB 0000552
Swift code: AXISINBB015
Beneficiary: M/s Micro Insurance Academy
For bank transfer in US Dollars, following are the details:
Intermediary Bank: J P MORGAN CHASE BANK
New York, USA
Swift Code: CHASUS33
ABA – 021000021
Beneficiary Bank: Account no. 11407376
AXIS BANK LTD. (Formerly UTI Bank LTD.)
Hauz Khas, Delhi
Swift code: AXISINBB015
Beneficiary account number: 552010100058690
Beneficiary: M/s Micro Insurance Academy
All bank charges must be paid by the participant.
Please contact the MIA secretariat for any further assistance.