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The term “microinsurance” typically refers to adapting insurance services mainly to clients with low income and no access to mainstream insurance services.
More precisely, microinsurance is a means of protecting low income households against specific risks in exchange for a regular payment of premiums whose amount is proportional to the likelihood and cost of the relevant risk.
Microinsurance is a highly diversified sector:
- Stakeholders: Microinsurance is developed by commercial insurers, mutual funds, microfinance institutions, NGOs, governments or semi-public bodies.
- Products: Microinsurance covers an extreme broad variety of services like, for example, life insurance, health, invalidity, cattle breeding, crop and asset insurance.
- Portfolio size: A microinsurer may cover dozens as well as millions of policyholders.
The following keywords should make it easier for you to find the specific information you are looking for.
Client
Profile
Risks
Microinsurance
Principles
Relevance
Insurable Risks
Models
Actors
Reinsurance
Product
Life Insurance
Health Insurance
Asset Insurance
Agriculture Insurance
Characteristics
Added Value
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