Insurance Publications

Dec 13, 2021

Malayan Insurance: The Case for Insuring Women for a Better Tomorrow

Established in the Philippines, Malayan Insurance Company (MICO) is the country’s largest non-life insurer. The company has partnered with IFC for the past few years, with support from the Women Entrepreneurs Finance Initiative, to develop a strategy for becoming the non-life insurer of choice for Filipino women. This case study explores the innovative solutions implemented by MICO under this partnership—a suite of women’s personal accident, property, business, and vehicle insurance solutions, with value added services.

English | 8 pages | 2021 IFC

Mar 29, 2021

Insular Life: The Case for Insuring Women for a Better Tomorrow

This case study explores how Insular Life, a leading insurance firm in the Philippines, has developed innovative life and health insurance solutions for individual women and women-owned businesses with support from IFC and the Women Entrepreneurs Finance Initiative (We-Fi).

English | 8 pages | 2021 IFC

Nov 12, 2020

COVID-19 and Gender Equality: Six Actions for the Private Sector

This guidance note recommends six actions that private sector companies can implement to ensure that both women and men can return to economic activities during and after the COVID-19 pandemic, and participate equally as leaders, employees, business owners, and consumers.

English | 45 pages | 2020 IFC

Sep 11, 2020

Factsheet: Women's Insurance Program

Women in emerging markets often lack insurance protection, exposing them to risks when they want to launch a business or need to pay for a healthcare emergency. This factsheet presents an overview of IFC's unique role as a strategic partner to the insurance sector through technical advice and investments.

English | 2 pages | 2020 IFC

Aug 5, 2020

Green Delta: The Case for Insuring Women for a Better Tomorrow

Green Delta Insurance Company (GIDC) is an IFC client and the first non-life insurer in Bangladesh targeting women customers. In 2014, the company launched Nibedita—a comprehensive accident insurance product for both urban and rural women that now serves all income levels. This case study summarizes GIDC’s groundbreaking approach with women.

English | 7 pages | 2020 IFC

Jul 28, 2020

AXA Mansard: The Case for Insuring Women for a Better Tomorrow

With support from IFC, AXA Mansard sought to become a preferred insurer and an employer of choice for women in Nigeria. This case study explores how the company conducted market research to understand the needs of Nigerian women, developed products specifically for women, created strategic partnerships with women’s organizations, and trained senior managers and agents to better serve women customers.

English | 7 pages | 2020 IFC

Jul 21, 2020

1st for Women: The Case for Insuring Women for a Better Tomorrow

This case study explores the business case for women-centric insurance products in South Africa. The insurer 1st for Women, found that although South African women were purchasing insurance policies, these did not cater specifically to women’s needs. To tap into this estimated $788 million market, 1st for Women analyzed women’s risk-protection needs and designed specific solutions and products, rather than just repackaging existing products.

English | 7 pages | 2020 IFC

Jun 3, 2020

COVID-19 and the Insurance Industry: Why a Gender-Sensitive Response Matters

The COVID-19 crisis poses new challenges for women and insurers. This guidance note highlights best practices from insurance companies on how they can support female employees, customers, and agents during the pandemic. The publication also explains how women can contribute to the success of the insurance industry and how insurers can better engage with them during the crisis.

English | 22 pages | 2020 IFC

Apr 3, 2017

Mainstreaming Gender and Targeting Women in Inclusive Insurance: Perspectives and Emerging Lessons

This collection of notes and case studies covers a number of themes related to demand and supply of insurance products for women, with a focus on the inclusive insurance market. The publication highlights how the insurance needs of women are different from those of men—women are more at risk of losing their income because of pregnancy, divorce or separation, as well as constraints imposed by society and laws.

English | 96 pages | IFC

Sep 16, 2015

SheforShield: Insure Women to Better Protect All

The SheforShield report builds the business case for insurance companies to target women as consumers and employees. The report highlights that by tailoring products that enhance women’s ability to mitigate risks, insurance companies will be able to help women live healthier and wealthier lives, protect their families, grow their businesses, and strengthen their roles in the private sector; eventually driving positive social change and economic growth.

English | 184 Pages | IFC