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First-of-its-kind report highlights enormous potential for developing mutual and cooperative insurance for the poor in India
With about 600,000 cooperatives in the country with a collective membership of over 250 million people, the potential for developing mutual and cooperative insurance for the poor in India is enormous.
- Categories
- Financial Inclusion
- Region
- South Asia
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LeapFrog announces USD 180 million investment in Enterprise Group Ltd
LeapFrog Investments, the profit-with-purpose investor in emerging markets, today announces a total investment of USD 180m in Ghanaian financial services market leader, Enterprise Group Limited (Enterprise Group). The transaction draws from a USD 350m separately managed account, LeapFrog Strategic African Investments (LSAI), which was established in 2016 to access high growth markets in Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Cashless Hospitalization, Premiums of $3.90 a Year … and the Program Pays for Itself
Beset with high levels of preventable illness and avoidable hospital admissions, India needs a risk coverage instrument that shields poor and low-income households. Grameen Koota thinks it's found one; the microfinance organization's insurance plan offers a variety of medical services at an annual premium of $3.90, capturing the pricing benefit of risk-pooling between different households.
- Categories
- Entrepreneurship, Financial Inclusion, Health Care
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Two-Sided Mobile Platform Creates ‘Network Effect’ to Help Patients, Health Clinics
The private health sector, where a large percentage of people in developing countries seek care, is fragmented and marked by poor quality and high prices. Two interlinked programs conceived by a group in the Netherlands – M-TIBA and the Medical Credit Fund – are attempting to address this problem at large scale. Both have achieved remarkable growth within a short period.
- Categories
- Health Care, Technology
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India turns to private sector to boost health coverage
India’s new New Health Policy 2017, the first issued in 14 years, takes a sharp turn toward embracing the private sector in its aim to achieve universal health coverage. The government will seek to plug gaps in service for its 1.2 billion people through “strategic purchasing” of care from private facilities and clinics.
- Categories
- Health Care
- Region
- South Asia
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Microinsurance penetration set to increase in Tanzania
In March Jamii, a local start-up offering micro-health insurance services, announced ambitious plans to expand into East and Central Africa this year.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Ayo Uganda Launches with two mobile based Micro-Insurance Products
MTN Uganda, in partnership with aYo, today announced innovative micro-insurance products, Recharge with Care and Send with Care. The two are the first products launched by aYo – a joint venture between MTN and MMI Holdings – announced in September last year. aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent.
- Categories
- Financial Inclusion, Technology
- Region
- Sub-Saharan Africa
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Social Business Roundup: Building Our Immunity to Anti-Vaxxers, Solar Loans With a Side of Health, and SRI Goes Robo
There’s a crisis of trust in the world, some of it well earned – and some, like skepticism about vaccines, completely unwarranted. We cover an alarming uptick in the anti-vax movement's profile, an effort to pair solar loans with health care in Ghana, and the emergence of "robo-SRI" in this news roundup.
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