Pengaruh Strategi Pemasaran Asuransi Mikro terhadap Kesejahteraan UMKM di Indonesia

The purpose of this research is to explain a phenomena that happened in the Indonesian microinsurance business. Using the case study technique, we observed that microinsurance is still difficult to develop based on the overall population of Indonesians. If the main idea of micro insurance is applied, micro insurance products are still widely available in big cities but have yet to reach low-income individuals or UMKM. A breakthrough is necessary to produce microinsurance. This microinsurance business must be developed through a network of local communities, which are usually located in the lower middle class, or UMKM. Aside from that, marketers must have a set of tools at their disposal, such as a suitable ICT-based market (community) database. As a result, any microinsurance business formed must be targeted to the demands of the Indonesian government, such as microinsurance for agricultural, livestock, and fisherman, particularly in rural regions. Meanwhile, the most enticing micro insurance enterprises for metropolitan regions are personal accidents, property, and motor and vehicles. Keywords: Micro, UMKM, Insurance, Marketing.

BRIDGING THE GAP: THE ROLE OF MICRO-INSURANCE IN A COMPREHENSIVE SOCIALPROTECTION SYSTEM IN SOUTH AFRICA

Access to social protection interventions, such as social assistance, social insurance and private insurance, in South Africa is limited. For that reason, plugging the holes in the safety net is undoubtedly one of the most pressing challenges facing South Africa in its quest to design a comprehensive social protection system. The point is that vulnerable persons, just like any other persons, have to contend with social risks (for example, death, poor health, invalidity, etcetera). As a result, similarly to all other persons, they require protection against these risks. It is clear that the current social protection interventions (particularly social insurance, social assistance and privateinsurance) fail to protect every person in need of such protection adequately in South Africa. Thus, the contribution sets out to investigate the prospects of micro-insurance being used as an instrument to extend social protection coverage to the excluded and marginalized persons in South Africa.

The Impact of Microfinance Services on Socio-Economic Welfare of Urban Vulnerable Households in Malaysia

The main objective of this study is to examine the effect of microfinance services on the socio-economic welfare of urban households in Malaysia. We distribute questionnaires to 400 respondents across three different urban areas in Malaysia in order to collect the relevant data for this study. Quota sampling is employed in the process of collecting the data. Incorporating income as a mediating variable into the model, the results show that most of the services provided by the microfinance institutions including microcredit, micro insurance and training have significant effect on socio-economic welfare. Income is also observed to have a significant impact on socio-economic welfare. With the exception of training, the microfinance services also have significant impact on income. The results further show that most of the microfinance services have indirect effect on welfare through income. The recommendations of this study are detailed in the body of the paper.

Development of Sharia Micro Insurance Model at Islamic Baording School Sunan Drajat

Islamic Boarding School Sunan Drajat is a boarding school with a population of students reaching 12000 plus 20 business units spread across various sectors so that the existence of micro insurance is needed as a form of social security for students and others. This study aims to make a proposed model for the development of sharia insurance that can be developed at the Islamic boarding school in accordance with existing needs. The research method used in this study is a qualitative approach with ANP analysis techniques, the use of ANP analysis techniques aims to determine the extent to which the response from Sunan Drajat stakeholders is in accordance with what is needed. The results show that the micro insurance model that can be applied at the Islamic Boarding School Sunan Drajat is a micro insurance model that is oriented towards the welfare of students, especially in the form of health insurance with an easy, safe and profitable service system so that it can provide guarantees to students.

Conceptual framework of the development of microinsurance programs in Ukraine

Problem statement. Social function is one of the primary functions of the state. It is implemented, in particular, through the system of social insurance. Every year the number of people who are not paying insurance premiums into the system of social insurance is increasing for whatever reason. Therefore nowadays the issue of involving these people in the system is important not only from the point of filling the funds of social insurance but also of providing these people with social protection in the future. Aim of the research. The aim of the research is the elaboration of conceptual framework of the micro-insurance programs development in Ukraine for the population which is not included for whatever reasons into the system of the compulsory state social insurance. Methods of the research. Theoretical and methodological background of the research is formed using general scientific and specific cognition methods, in particular: abstract-logical methods to determine the essence and interrelations of economic categories and to make conclusions; comparative analysis to compare obtained indexes; statistical and graphic methods to process and generalize statistical data and to present them in the table and graphs. Results of the research. It has been proved that the implementation of microinsurance programs is one of the perspective forms of the development of social insurance systems for self-engaged population. The peculiarities of using microinsurance programs in different countries throughout the world were defined. The main advantages of these programs were determined according to the classical products of commercial insurance. Conceptual model of the microinsurance system functioning in Ukraine was developed and grounded. Conclusions. Suggested approach to the development and functioning of such system of micro-insurance in the future will increase the level of social protection of the population, will decrease social tension and reduce the load on the state finances within the framework of the programs of social care for the poorest population.

MICRO INSURANCE: A TOOL FOR DEVELOPMENT OF RURAL INDIA AND THE CHALLENGES FOR ITS IMPLEMENTATION

Micro-insurance is originated for the protection of poor and low income people,with feasible insurance schemes to help them to survive and recover from common risks. The main aim of micro insurance is not only to promote business perspective but also to the rural development of our country and the protection of poor people. India is developing country hence 70% of the population is still rural, very poor, poor health and low literacy rate. Micro insurance is an essential part of the financial sector and it assists the people to diversify their risks.It is essential to develop insurance awareness among the people in the each and every corner of our country particularly remote area.The present study focussed the importance of micro insurance for the development of rural people.This paper also discuss about the micro insurance products and the role of various public and private micro insurance agents for the upliftment of rural and poor people.

Micro-Finance as a Triggering Mechanism for Empowering Women’s Entrepreneurship in Sri Lanka

The Micro-Finance sector has been identified as one of the main sectors that contributes to the eradication of poverty and to empowering women in developing countries. Women’s Entrepreneurship is considered an emerging trend among nations and contributes to the development of a country. It is also identified as an important means to end poverty and therefore, female empowerment through entrepreneurship has been well recognized. Micro-finance enables women’s entrepreneurial success; however, the context of the urban sector has not been well examined in the literature since most scholars perceive that poverty is mainly confined to the rural areas of a country. There are many services provided by the Micro- Finance sector. However, it is vital to identify their impact on Women’s Entrepreneurial success, particularly in the urban sector of the country. Accordingly, this study focuses on examining the impact of Micro-Finance, which includes Micro-Credit, Micro-Savings and Micro-Insurance, on Women’s Entrepreneurial success in Sri Lanka, specifically in the Colombo district. 240 women entrepreneurs who have obtained micro financial services in the Colombo district were used as the sample of this study. In order to arrive at a conclusion regarding the relationship between micro-credit, micro-savings, micro-insurance and entrepreneurial success, a 5-point Likert scale questionnaire has been used. The required data were collected by distributing the questionnaire through Google Forms. The statistical software package SPSS was used to analyze the collected data. It was identified that all the measurement items under Micro-Credit, Micro-Savings and Micro- Insurance exhibit significant relationships with Women’s entrepreneurship in the Colombo District, and therefore, all the hypotheses were accepted. Recommendations are provided to further enhance female presence and success in entrepreneurship in Sri Lanka.

The Factors of Influence on the Development of Voluntary Health Insurance

The article is aimed at studying the theoretical and practical aspects of factors influencing the development of voluntary health insurance (VHI) in Ukraine. The place and indicators of development of the health insurance market in Ukraine for 2012-2019 are researched. The dynamics of health insurance market indicators based on the amount of gross insurance premiums and payments is analyzed; it is proved that voluntary health insurance (continuous health insurance) is characterized by growth during the last five years. The factors that significantly influenced the development of the market and the current state of voluntary health insurance, in particular the COVID-19 pandemic, the economic crisis, high incidence rates of insured persons, the significant cost of an insurance medical policy, the lack of tax preferences for business regarding medical social packages and the lack of specialized educational institutions on the VHI, are determined. The classification of factors of influence on the development of voluntary health insurance according to the level of their occurrence is carried out, and it is determined that the following factors have the greatest force of influence on the VHI: deterioration of solvency of potential insurers; pricing in the medical market; excessive tax burden for legal entities. It is substantiated that the indisputable way of motivating the introduction of voluntary health insurance is to amend the tax legislation of Ukraine; micro insurance is proposed as a basis for the development of voluntary health insurance. Prospects for further research lie in the study of factors influencing the development of micro insurance in the country.