Historical Comparative Study of Microinsurance and Friendly Societies
Aldibbiat; Nibras, Lambert Academic Publishing, 2011
This is a historical comparative study of microinsurance in developing countries and 19th century UK friendly societies. It examines factors affecting delivery of insurance to the poor. Welfare provision for the poor is taken on by civil society when it is not guaranteed by the state. Friendly societies and microinsurance initiatives seek to extend welfare provision through affordable contributions.
The study investigates contextual similarities and differences and discusses assumptions. It argues that the growth of civil society is essential for successful provision of insurance for the poor. It juxtaposes 19th century capitalism with the openness of the market in low-income countries. Both are favourable factors for insurance for the poor. Globalisation and structural changes in the market and society are also key factors. The study notes similar challenges and regulatory concerns in friendly societies and microinsurance.
It concludes that empowering poor individuals is crucial for extending social protection. Additionally, international pressure could contribute in expanding the reach of the microinsurance market and in due course mitigate the lack of social protection provisions
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A business case for microinsurance: An analysis of the profitability of microinsurance for five insurance companies
Angove; Janice, Nashelo Tande (Quindiem Consulting), ILO’s Microinsurance Paper N°11, 2011
Is there a business case for microinsurance? Under what circumstances can insurance companies generate profits from microinsurance? These are important questions because insurers are increasingly interested to expand into the low-income market. To encourage this expansion, microinsurance initiatives need to demonstrate that they are commercially viable and sustainable over time. This paper assesses the business case for microinsurance through case studies of five microinsurance initiatives.
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Microfinance and microinsurance: Learnings from market studies in Latin America and Africa
Sabrina Régent, Sophie Chauliac, Benoit Rigollet, PlaNet Finance and PlaNet Guarantee, 2011
In December 2008, PlaNet Finance and PlaNet Guarantee implemented a project cofounded by the Dutch entrepreneurial development bank, FMO, to develop new microinsurance products and microinsurance programmes in 8 countries: Argentina, Colombia, Guatemala, and Peru in Latin America, and Egypt and Senegal, Mali and Burkina Faso in Africa. The goal of this project was to reach 50 MFIs in these 6 countries.
This publication is based on the results of the overall project that took place from 2009 to 2011 in Africa and Latin America and this market study aims at establishing an understanding of the microinsurance market in each country of implementation.
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