Microinsurance Innovation Facility – As more institutions enter microinsurance, it is efficient to make use of existing tools that work, in order to minimize the resources needed to develop successful tools. An encouraging example comes from Seguros Futuro.
When Seguros Futuro wanted to expand its education efforts it decided to incorporate insurance education in the annual general assemblies of its cooperatives. Instead of designing a new educational game, Seguros Futuro adapted an existing game called Treasure Pot, developed by the Micro Insurance Academy, which had already been tried and tested in different countries.
In Seguros Futuros’ adapted game, each participant receives ten candies and draws a card that represents an emergency or good fortune. In the first round, participants who draw an emergency card must pay the indicated number of candies, and participants who draw a good fortune card retain their candies. In the second round, participants have the option …