MR Microinsurance_2012_03_29.indd - International Labour ...

110 Emerging issues
– Engage with policyholders to implement relevant risk prevention activities.
– Acquire a sound database and carefully monitor experience.
– Develop products that meet the needs of the people at risk, taking into consideration
their ability and willingness to pay and the payment infrastructure available
to them.
– Consider the loss potential, including frequent and infrequent events, to increase
the likelihood that insureds will experience the benefits of insurance.
– Establish an efficient insurance operation with a special emphasis on claims management
and communication.
– Regularly adjust product design based on changing climatic conditions and the
impact that it has on low-income populations.
Climate change will certainly cause the challenges to become bigger rather
than smaller. Through a careful analysis of lessons and experiences, the involvement
of multiple stakeholders and careful use of subsidies, it will be possible to
reduce the vulnerability of the poor to weather disasters and global warming.