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The Determinants of Microinsurance Demand

The document aims to outline the extent knowledge on the determinants of microinsurance demand and to discuss unresolved questions that deserve future research. To achieve this outcome, the authors review the academic literature on microinsurance demand published between 2000 and early 2013. The review identifies 12 key factors affecting microinsurance demand: price, wealth, risk aversion, non-performance risk, trust and peer effects, religion, financial literacy, informal risk sharing, quality of service, risk exposure, age, and gender....

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