- About AVPN
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About AVPN
Who We Are
We are a leading ecosystem builder that is increasing the flow of financial, human, and intellectual capital from Asia and around the world into the social sector in Asia. We provide a network of peers, rigorous learning programmes, and innovative capital mobilization opportunities that make sure resources are more effectively deployed.
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- Members
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Membership Benefits
Unrestricted access to AVPN research reports and case studies
Access market-specific snapshots and opportunities
Increased visibility for events, programs and insights via AVPN website, blog, newsletters and social media channels
Leverage the AVPN platform to bring under-represented social issues top of mind for more than 600 social investors
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- Resources
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Resources
Highlights of the week
Trust-Based Philanthropy
In the face of increasingly complex and, sometimes rapidly, changing needs on the ground, it is crucial to take a step back and reconsider the status quo.
APAC Sustainability Seed Fund 2.0
By leveraging the success of the first round of the APAC Sustainability Seed Fund, AVPN continues to mobilise continuum of capital into supporting climate solutions in the region.
Faith and Giving
Faith, and the values, belief systems, moral codes, and religious doctrines, that underlie it, shape much of philanthropy across the world. From addressing needs in underserved communities to investing in sustainable energy solutions, faith-aligned givers are demonstrating that compassion can be a catalyst for a more just and equitable world. However, the fundamental drivers of faith-aligned giving often remain unexamined.
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- Markets
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Markets
We are a leading ecosystem builder that is increasing the flow of financial, human, and intellectual capital from Asia and around the world into the social sector in Asia. We provide a network of peers, rigorous learning programmes, and innovative capital mobilization opportunities that make sure resources are more effectively deployed.
Explore Markets
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- Impact Communities
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Impact Communities
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- Capital Mobilisation
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Capital Mobilisation
Featured Deals
Socio-Economic Empowerment of Women
Climate Action and Environment, Education, Financial Inclusion, Gender, Livelihood and Poverty Alleviation
Solve Education: Education through Innovative Learning Platform
Education, Employability, Livelihood and Poverty Alleviation
Lotus Petal Sr. Sec School, Gurugram
Education, Employability, Health
IT Training Against Poverty in Cebu
Education, Employability, Livelihood and Poverty Alleviation
IT Vocational Training Against Poverty
Education, Employability, Livelihood and Poverty Alleviation
Gigatonne: Addressing Problems within the Carbon Credits Market
Climate Action and Environment, Financial Inclusion, Gender, Livelihood and Poverty Alleviation
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- Events
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Events
Upcoming Signature EventsAVPN Global Conference 2024
23 April 2024
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25 April 2024
Signature Event
Upcoming Events
Restoring Equilibrium: SVCA 2024 Annual Conference – Seeking Balance in A Turbulent World
16 May 2024
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Low income families are at high risk of illness and injury, and the financial impact of such shocks can easily see them tip back into poverty.
These families typically live on less than $10 per day and are at a high risk of illness and injury. Insurance is a powerful tool that can prevent families from falling back into poverty, but insurance penetration in emerging markets is typically less than 3% (as a percentage of GDP).
Traditional insurance companies have struggled to service consumers at the bottom-of-the-pyramid due to four main barriers: low levels of knowledge and trust in financial services, high costs, and the lack of suitable distribution and payment channels.
Microinsurance services were designed to cater to this group by designing low-cost, simple insurance policies that are sold responsibly (i.e. consumers are educated about insurance at point of sale), yet providers struggled to scale their operations.
BIMA believes that mobile technology holds the key to unlocking the full, mass-market potential of microinsurance. Mobile penetration in emerging markets has now surpassed 80%, which creates a vast opportunity to reach target consumers.
BIMA created the groundbreaking mobile microinsurance model. This approach gives customers access to microinsurance that is paid for using prepaid mobile credit or postpaid billing. Mobile microinsurance has been defined as “any type of microinsurance product which leverages the mobile channel, regardless of the existence of a mobile money platform to improve a part of the insurance value chain which can include: product design, pricing, marketing and sales, policy administration and claims payment.”
Since BIMA pioneered mobile-delivered insurance back in 2010, there are now over 100 live mobile insurance services according to GSMA’s State of the Industry report 2014. The same study showed that mobile insurance services are now scaling rapidly, with an annualised growth of 263%.
The BIMA model has transformed the insurance landscape in the markets where they operate, proving that it is possible to reach consumers at the bottom of the pyramid at scale. This ground-breaking approach combines customer-centric product design, innovative tech platforms and a dedicated distribution team of over 3,500 agents. This allows BIMA to educate and serve customers one-on-one, facilitate convenient payments and ensure that claim benefits are delivered within 3-5 working days.
93% of BIMA's customers live on less than $10 per day and 80 - 95% are accessing insurance for the first time. This innovation is driving financial and digital inclusion across the world.