• Just in time?

    Posted in InsurTech blog, MicroInsurance blog on Apr 09, 2019


    When the produce being transported is fruit and vegetables, any disruption in the supply chain can lead to substantial losses because they are perishable goods. In these situations how can businesses know what decisions to make and how to deal with these issues? Real time tracking of supply chain is an answer.

  • Blockchain or Hashgraph?

    Posted in InsurTech blog, MicroInsurance blog on Mar 29, 2019


    Distributed ledger space is a huge talking point for insurance – smart contracts, security, cost reduction, trust – it all points to a move on to this tech. BUT blockchains come with limitations by design . In today's world SPEED is king and the slowness of blockchain is huge barrier. Even in the slow paced world of insurance its too slow really - how many applications are there that run on a database that can just do 5 transactions per second? None, I think. Hence blockchains have been all talk, to-date. Is there an alternative? Swirlds anyone?

  • Insurance innovation

    Posted in InsurTech blog, MicroInsurance blog on Mar 22, 2019


    Why should the insurance industry care about innovation? Their products are about claims, how can you stop those with innovation? they are part of the product, right? Well no, typically the insurance industry, as all businesses, cares about all its costs, the complete business model. Claims are part of these costs - in some cases the smaller part of the complete costs! Innovation should be focused on all areas of their business model.

  • Hurricane Insurance

    Posted in Blog, MicroInsurance blog on Feb 12, 2019


    The Atlantic coast hurricane season lasts from June through November, with the likelihood of storms peaking from August to October. The East Coast and Gulf Coast are most at risk, though damage from wind and rain can extend well inland. Make sure you read your insurance policy carefully to learn what it does and does not cover, and contact your local agent with questions or to discuss your insurance needs. This is really important.

  • Insurance, Blockchain & Oracles

    Posted in InsurTech blog, MicroInsurance blog on Feb 11, 2019


    Here at Microinsurance we continue to explore blockchain, the world of “a smart contracts”. It is our current belief that ‘smart contracts’ will be the core insurance uses-case for blockchain. The use of these contracts are now linked to the rise of blockchain and a change in technology and process that is still very young.

  • Micro Insurance by STP

    Posted in MicroInsurance blog, Sharing economy on Feb 06, 2019


    We prefer a wider more inclusive definition of Micro Insurance, one that allows products to be developed, sold globally, works in the new sharing economy and includes solutions for many of the issues surrounding selling, distributing and managing micro insurance policies and schemes. Products that cover all populations based on their specific needs.

  • Climate change and Insurance

    Posted in Blog, MicroInsurance blog on Feb 06, 2019


    Hurricanes, over the last 150 years, have increased in both number and intensity. Compare, over similar periods, other graphs and studies on sea water temperatures and average land temperatures, all show the same up-tick and acceleration. It could be time to be prepared and protect your assets with appropriate insurance cover.

  • From the sharing economy to … The Economy?

    Posted in MicroInsurance blog, Sharing economy on Jan 11, 2019


    The much vaunted PWC study and projections from 2013 points to large growth and many of its predictions are coming true as we see likes of AirBnB and its many copycats create value for home owners, seeing a huge change in availability. Scooters, Cycles and soon autonomous vehicles will all add to this shifting business model.

  • 1st ever Voucher Based Micro-Insurance Platform in Tanzania

    Posted in MicroInsurance blog on Jan 03, 2019


    How do you open up insurance sales in countries like Tanzania? TamManagemment Insurance Brokers have come up with an innovative way to use the existing voucher vendors to sell a new voucher based travel insurance policy.

  • Hurricane Forecast - 2019

    Posted in MicroInsurance blog on Dec 31, 2018


    The latest CSU forecast is out for the 2019 Hurricane Season and we have looked at the data going back to 1851 and added some interesting trend-lines. This is very early in the forecast season and it will be updated as we move closer to the 1st June typical season kick-off!