Assessing the success of microinsurance programmes in meeting the insurance needs of the poor
This UN/DESA Working Paper reviews attempts to provide insurance against risks afflicting the poorest. It presents empirical evidence on the impact of different types of microinsurance, and recommends the idea of ‘quasi-insurance’—the provision of insurance functions through a non-insurance route—where institutional or regulatory constraints prevent insurance proper from being offered.
The paper argues that microinsurance so far has been somewhat supply-driven rather than driven by effective demand, especially from the poorest, and thus the insurance products which would benefit the poorest are still at a limited stage of development. Institutional innovations and new insurance products therefore deserve promotion.
Click here to view paper
Protecting the Poor: A Microinsurance Compendium is now available in French
This authoritative compendium published by the ILO brings together the latest thinking of leading academics, actuaries, and insurance and development professionals in the microinsurance field.The result is a practical, wide-ranging resource which provides the most thorough overview of the subject to date.
The book allows readers to benefit from the valuable lessons learned from a project launched by the Microinsurance Network analysing operations around the world. Essential reading for insurance professionals, practitioners and anyone involved with offering insurance to low-income persons, this volume covers the many aspects of microinsurance in detail including product design, marketing, premium collection and governance.
Download French version here
New edition of Micro Insurance Matters now available
The new edition of MicroEnsure's newsletter entitled Micro Insurance Matters is available and includes information on the following;
- The planned scale up of health insurance in conjunction with SHARE Microfin in India
- A new relationship with Green Bank in the Philippines to provide a combined life and medical reimbursement product
- Details of our weather index pilot test in Tanzania and news on MicroEnsure Tanzania receiving its brokerage license
- Details of new staff including a new country manager for Ghana and a new Chief Technology Officer
- A guest article from Koko Warner focusing in on the role of microinsurance in the Climate Change negotiations
- A focus on the role of technology in serving the poor with insurance
Download a copy here
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