1. international wing of cera MFIs and microinsurance: does it work? European Microfinance Week 2010 Bert Opdebeeck, bert.opdebeeck@brs-vzw.bebert.opdebeeck@brs-vzw.be

2. International wing of solidarity-based banking and insurance in the developing world 1970s: SACCOs building up a ‘microinsurance’ cover Loan and saving protection scheme setup in the 70s with assistance of WOCCU Payout in case of death or disability of the member 100% of outstanding loan balance up to 100% of savings (% depending on age at times of saving) Credit Union Federation covers all members of covered SACCOs Gradual autonomy by reduced risk sharing of overseas partner premium claims 80% 60%40%

3. International wing of solidarity-based banking and insurance in the developing world SACCO’s microinsurance cover anno 2010 Central-African SACCOEast-African SACCO Insured88.275 members 92 (out of 100) SACCOs 160.000 members 112 (out of 203) SACCOs Loan balance cover100% of outstanding loan max. 500€ 100% of outstanding loan max. 1.500€ Savings coverup to 100% of savings max. 1.125€ up to 100% of savings max. 3.800€ + 35% of claim to SACCO Premium (of sum insured) 4,8%1,2% Claims ratio53,4%< 100%

4. International wing of solidarity-based banking and insurance in the developing world 2011 & beyond: programme update needed Changed environment Requests for increased coverage limits Additional insurance coverage Legal requirements Institutional options Central-African Sacco: creating SACCO owned life- insurance company East-African Sacco: ceding part of risk to formal insurance company Limitations Technical capacity Capital requirements Start-up speed