The Microinsurance Innovation Facility (MIF), an initiative of the International Labor Organization (ILO) Social Finance Program, recently announced six new openings in its fellowship program. The fellowships aim to increase the number of qualified microinsurance professionals by providing mainstream insurance professionals with an opportunity to apply their expertise in microinsurance. The application deadline for the fellowship is March 31, 2011.
Fellows are placed with host organizations under the guidance of a mentor for a period of six to twelve months, with funding provided by MIF. A pre-requisite to apply for the fellowship is that applicants should have three years of experience in a technical capacity in the insurance sector, however university graduates from developing countries with less than three years of experience may be offered an intern fellowship in limited cases [1].
Host organizations include the Pacific Island Inclusion Programme (PFIP), which is backed by the United Nations Capital Development Fund (UNCDF) to increase access to financial services in the Pacific; the Emmanuel Hospital Association, which is backed by the United Nations Development Programme (UNDP) in India; Naya Jeevan, a Pakistan-based microinsurance enterprise; Aseguradora Rural, the insurance arm of Guatemalan microfinance institution (MFI) Grupo Banrural; and the Sajida Foundation, a Bangladesh-based microinsurance distributor.
Information about the fellowship programme is available at http://www.ilo.org/public/english/employment/mifacility/activities/ccb/fellowship.htm. The fellowship application and information about the organizations participating in the fellowship programme are available at http://www.ilo.org/public/english/employment/mifacility/activities/ccb/opportunities.htm. Any further information can be obtained by contacting Ms Lindmeier at +41 22 799 6478 or microinsurancemedia@ilo.org.
By Medha Ravi, Research Associate
About MicroInsurance Innovation Facility (MIF):
Launched in 2008 with a USD 34 million grant from the Bill & Melinda Gates Foundation, the Microinsurance Innovation Facility (MIF) is housed at the International Labour Organization’s (ILO’s) Social Finance Programme. MIF’s goal is to increase the availability of insurance for low-income families in developing countries to help them overcome poverty. MIF provides grants to help organizations to develop innovative microinsurance products, with an emphasis on agriculture, health, life and property insurance. MIF also provides technical assistance and advice. ILO is an agency of the United Nations.
About International Labor Organization (ILO):
The International Labor Organization is an agency of the United Nations (UN) whose objective is to advance opportunities for men and women to obtain decent and productive work in conditions of freedom, equity, security and human dignity. Its founding mission is that labor peace is critical to prosperity.
Source and Resources:
[1] Information submitted by the International Labor Organization (ILO) to MicroCapital, March 2011
MicroCapital.org story, February 15, 2011, “MICROCAPITAL BRIEF: Study from MicroInsurance Innovation Facility (MIF) of the International Labor Organization (ILO) Supports Utility of Health Microinsurance in Rural Senegal”, https://www.microcapital.org/microcapital-brief-study-from-microinsurance-innovation-facility-mif-of-the-international-labor-organization-ilo-supports-utility-of-health-microinsurance-in-rural-senegal/
MicroCapital.org story, November 15, 2010, “MICROCAPITAL BRIEF: Z Zurich Foundation Contributes $3m to International Labour Organization’s (ILO) Microinsurance Innovation Facility (MIF), Call for Proposals is Open”, https://www.microcapital.org/microcapital-brief-z-zurich-foundation-contributes-3m-to-international-labour-organization%E2%80%99s-ilo-microinsurance-innovation-facility-mif-call-for-proposals-is-open/
MicroCapital.org article, September 22, 2010, “MICROCAPITAL BRIEF: International Labor Organization (ILO) Microinsurance Innovation Facility Accepting Applications for Research Grants”, https://www.microcapital.org/microcapital-brief-international-labor-organization-ilo-micoinsurance-innovation-facility-accepting-applications-for-research-grants/
MicroCapital’s Microfinance Universe profile: MicroInsurance Innovation Facility (MIF), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microinsurance+Innovation+Facility+(MIF)
MicroCapital’s Microfinance Universe profile: International Labor Ogranization (ILO), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=International+Labor+Organization
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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