Case Study
Microinsurance: A Case Study of an Example of the Provider Model of Microinsurance Provision - GRET Cambodia
Is the 'provider model' an effective method of insurance for the rural poor?
24 pages
This document attempts to review the activities of ‘GRET Cambodia’ in its role as a health care financing provider. The paper aims to:
- Provide an understanding of the mechanisms and practicalities of the ‘provider model’;
- Indicate the level of market satisfaction with the model;
- Review the process of product development, testing and implementation.
The paper discusses:
- Context of the study;
- Various aspects of the product such as: market research, product design, pilot testing, implementation and institutional impact;
- Results seen, in the context of original objectives.
The paper lists the following lessons learned:
- Insurer should utilize existing infrastructure to improve efficiency and reduce costs;
- It is important to track data aggressively and make necessary adjustments rapidly;
- An annual insurance cycle, with set entry points, facilitates the administrative activities of the insurer, but can act as a deterrent to potential clients;
- Providing health insurance in rural areas may call for reiterations of the methodology;
- The severe 100% increase in premiums for the second year, resulted in a high dropout rate;
- The inputs of a doctor are highly beneficial;
- Alterations to the model should be made prior to the payment of premiums.
The paper concludes by listing:
- Specific strategies used by ‘GRET’ to manage insurance risks;
- Strengths and weaknesses of the program;
- Threats to, and opportunities for, the program.
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