Microinsurance Fellow Microinsurance Innovation Facility Cape Town or Durban, South Africa
Microinsurance Fellow
Application Deadline : November 30th
Expected Fellowship Start/End Date : March 2013 – August 2013
Host : Cenfri Innovation Lab
Location : Cape Town, South Africa or Durban, South Africa
The Microinsurance Innovation Facility was established in 2008 to supportthe extension of insurance to millions of low-income people in thedeveloping world, with the overall aim of reducing their vulnerability tofinancial shocks. The Facility engages in the following sets of activities toachieve its mission:
• provide grants to institutions to devise and test innovative approaches toproviding better insurance products to the low-income market in developing countries;
• support the improvement of capacity amongst providers and microinsurance practitioners;
• support research on assessing the impact of microinsurance on low income policyholders, on identifying successful business models and on finding out good practices within the sector;
• analyze experiences and disseminate relevant lessons to key stakeholders.
The Facility sponsors fellowships as a part of its Consulting & Capacity Building Programme’s strategy to develop microinsurance practitioners.
Introduction and host information
During the last few years, the Centre for Financial Regulation and Inclusion(Cenfri) has actively focused on the research area of microinsurance. Thisincludes various country diagnostics throughout the world (recent diagnostics include Brazil, Kenya, Ethiopia, Zambia), as well business model innovations in microinsurance.Cenfri’s microinsurance research activities are currently driven by 14 staff members and several associates who are directly engaged in microinsurance research.
This research has revealed that access to insurance remains relatively low inmost developing countries (outside of embedded products such as creditlife). Penetration varies from below 5% of the population in many Sub Saharan African countries to a high of 45% in South Africa, albeit dominated by funeral insurance.
Cenfri is developing an Innovation Lab (InnoLab) to assist in speeding up thedelivery of profitable and appropriate insurance.The InnoLab will use applied research to (i) support the private sector in identifying both disruptive innovations and to answer the question around how to drive profitable and sustainable scale in microinsurance and (ii) apply theselessons to the regulatory environment in a confidential manner to assist inthe creation of an enabling regulatory environment for microinsurance. InnoLab will work in collaboration with private sector partners and support the rollout or improvement of their insurance offerings in the low income market. In return the InnoLab will capture key lessons to share with the wider insurance community to achieve the common objective of increasing the availability of better insurance products for a greater number of low income households in the African continent.
The fellow selected for this particular fellowship will be hosted by the Cenfri Innovation Lab for six months to test the innovation lab concept with privatesector partners, with the possibility for extending the fellowship.
Description of Duties and Outputs:
The fellow will be responsible for supporting the Cenfri Innovation Lab and documenting lessons when supporting the private sector partners in implementing their microinsurance initiatives in South Africa.The fellow will support the partners by designing action research frameworks for assessing the impact of agreed interventions from product development to launch. It is foreseen that the fellow will stay with two private sector partner for the six month period, but this is subject to demand from the Cenfri Innovation Lab.
Specific duties included, but are not limited to, the following:
• Designing action research agendas to guide the innovation lab partners
• Supporting the development of research activities necessary to inform product development, use of communication and marketing etc.
• Supporting the analysis of insurance offering using available tools and frameworks to understand various aspects of the insurance decision
• Providing and monitoring piloting metrics, product assessments (simplicity rating, plain language, etc) marketing and other technical assistance to monitor and evaluate products over time
• Documenting key lessons to share with the Cenfri Innovation Lab
Required Qualifications:
Education:
• Advanced degree (Masters, MBA or equivalent) in a relevant subject to conducting applied research
Experience:
• Three to five years of experience in insurance industry (or related industry), preferably in a market research and/or product design role.
• Experience in working in a team environment.
• Work/travel experience in developing countries.Languages
• Good knowledge of English
Other requirements:
• Excellent written and oral communication; skilled in communicating cross culturally and across functional areas.
• Excellent presentation skills; comfortable presenting to peer groups as well as senior executives.
• Strong project planning skills; able to navigate projects from conceptual stage through implementation and evaluation.
• Familiarity with insurance management information systems and insurance industry performance ratios.
• Interest in international development and commitment to continue working in micro insurance after the Fellowship.
• The candidate should be open to travel to the field offices
Key Learning to be Gain by the Fellow:
• The end to end planning, implementation and evaluation of a microinsurance program in a developing country context.
• The internal skills, staffing and systems required for successful implementation of a microinsurance program.
• How to determine client value in a microinsurance program.
• How to plan for long term viability of a microinsurance program.
• How to communicate with various stakeholders, i.e. senior management, team members, village groups, NGOs and insurance providers.
• How to balance the drive and momentum of a pioneering organization with the need for thoughtful planning and well timed implementation.
• How to design, implement and monitor an action research agenda .
To apply
Interested candidates can apply on line by going on the following link:
http://www.microinsurancefacility.org/en/fellowship-application
In case of any problem with the on line application, please send an email to microinsuranceccb@ilo.org, indicating "Fellowship Application" in the subject line of your email.
Please note that due to the large number of applications, the Facility will only communicate with short listed candidates.
Application Deadline : November 30th
Expected Fellowship Start/End Date : March 2013 – August 2013
Host : Cenfri Innovation Lab
Location : Cape Town, South Africa or Durban, South Africa
The Microinsurance Innovation Facility was established in 2008 to supportthe extension of insurance to millions of low-income people in thedeveloping world, with the overall aim of reducing their vulnerability tofinancial shocks. The Facility engages in the following sets of activities toachieve its mission:
• provide grants to institutions to devise and test innovative approaches toproviding better insurance products to the low-income market in developing countries;
• support the improvement of capacity amongst providers and microinsurance practitioners;
• support research on assessing the impact of microinsurance on low income policyholders, on identifying successful business models and on finding out good practices within the sector;
• analyze experiences and disseminate relevant lessons to key stakeholders.
The Facility sponsors fellowships as a part of its Consulting & Capacity Building Programme’s strategy to develop microinsurance practitioners.
Introduction and host information
During the last few years, the Centre for Financial Regulation and Inclusion(Cenfri) has actively focused on the research area of microinsurance. Thisincludes various country diagnostics throughout the world (recent diagnostics include Brazil, Kenya, Ethiopia, Zambia), as well business model innovations in microinsurance.Cenfri’s microinsurance research activities are currently driven by 14 staff members and several associates who are directly engaged in microinsurance research.
This research has revealed that access to insurance remains relatively low inmost developing countries (outside of embedded products such as creditlife). Penetration varies from below 5% of the population in many Sub Saharan African countries to a high of 45% in South Africa, albeit dominated by funeral insurance.
Cenfri is developing an Innovation Lab (InnoLab) to assist in speeding up thedelivery of profitable and appropriate insurance.The InnoLab will use applied research to (i) support the private sector in identifying both disruptive innovations and to answer the question around how to drive profitable and sustainable scale in microinsurance and (ii) apply theselessons to the regulatory environment in a confidential manner to assist inthe creation of an enabling regulatory environment for microinsurance. InnoLab will work in collaboration with private sector partners and support the rollout or improvement of their insurance offerings in the low income market. In return the InnoLab will capture key lessons to share with the wider insurance community to achieve the common objective of increasing the availability of better insurance products for a greater number of low income households in the African continent.
The fellow selected for this particular fellowship will be hosted by the Cenfri Innovation Lab for six months to test the innovation lab concept with privatesector partners, with the possibility for extending the fellowship.
Description of Duties and Outputs:
The fellow will be responsible for supporting the Cenfri Innovation Lab and documenting lessons when supporting the private sector partners in implementing their microinsurance initiatives in South Africa.The fellow will support the partners by designing action research frameworks for assessing the impact of agreed interventions from product development to launch. It is foreseen that the fellow will stay with two private sector partner for the six month period, but this is subject to demand from the Cenfri Innovation Lab.
Specific duties included, but are not limited to, the following:
• Designing action research agendas to guide the innovation lab partners
• Supporting the development of research activities necessary to inform product development, use of communication and marketing etc.
• Supporting the analysis of insurance offering using available tools and frameworks to understand various aspects of the insurance decision
• Providing and monitoring piloting metrics, product assessments (simplicity rating, plain language, etc) marketing and other technical assistance to monitor and evaluate products over time
• Documenting key lessons to share with the Cenfri Innovation Lab
Required Qualifications:
Education:
• Advanced degree (Masters, MBA or equivalent) in a relevant subject to conducting applied research
Experience:
• Three to five years of experience in insurance industry (or related industry), preferably in a market research and/or product design role.
• Experience in working in a team environment.
• Work/travel experience in developing countries.Languages
• Good knowledge of English
Other requirements:
• Excellent written and oral communication; skilled in communicating cross culturally and across functional areas.
• Excellent presentation skills; comfortable presenting to peer groups as well as senior executives.
• Strong project planning skills; able to navigate projects from conceptual stage through implementation and evaluation.
• Familiarity with insurance management information systems and insurance industry performance ratios.
• Interest in international development and commitment to continue working in micro insurance after the Fellowship.
• The candidate should be open to travel to the field offices
Key Learning to be Gain by the Fellow:
• The end to end planning, implementation and evaluation of a microinsurance program in a developing country context.
• The internal skills, staffing and systems required for successful implementation of a microinsurance program.
• How to determine client value in a microinsurance program.
• How to plan for long term viability of a microinsurance program.
• How to communicate with various stakeholders, i.e. senior management, team members, village groups, NGOs and insurance providers.
• How to balance the drive and momentum of a pioneering organization with the need for thoughtful planning and well timed implementation.
• How to design, implement and monitor an action research agenda .
To apply
Interested candidates can apply on line by going on the following link:
http://www.microinsurancefacility.org/en/fellowship-application
In case of any problem with the on line application, please send an email to microinsuranceccb@ilo.org, indicating "Fellowship Application" in the subject line of your email.
Please note that due to the large number of applications, the Facility will only communicate with short listed candidates.
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