If no one ever broke the rules then we'd never advance
Inclusive insurance is still a Blue Ocean. Insurers that want to succeed in microinsurance need to think and act like a startup to spur innovation.
These are the five biggest learning from Pioneer and the Microinsurance Master leadership programme according to the participants in 2018.
Pioneer Microinsurance in the Philippines grew to 18 million enrollments in the past 5 years. We asked Geric Laude the secrets of this phenomenal growth.
Microinsurance is often presented as a classic win-win-win. But the obvious benefits might not be as obvious as they sound, while other important benefits are undervalued or forgotten.
There is no point wasting your time and resources developing a product that nobody wants. The insights you need are out there and waiting for you to find them. To do so, you need to get out of your building!
Imagine never again having to write a business plan! There are just too many unknowns when you start out to be able to accurately cement your ideas in a 5-year plan.
Putting customers at the centre of our work makes them happier and, as a result, makes our business grow. But building a truly successful customer-centric practice requires quite a change of thinking and doing.
In one of the most viewed TED talks ever, Simon Sinek makes a strong call that it is not what you do, but why you do it that matters most to your clients, employees, and partners.
Lorenzo Chan Jr. is President of Pioneer Insurance Group and board member of the Microinsurance Network. His company is the host of the first edition of the Microinsurance Master programme.