Microinsurance: What do we know?

Abstract

Microinsurance has huge poten- tial for helping low-income populations confront financial risks, for allowing insurers and interme- diaries to enter new markets, and for enabling governments to complement their intervention by relying on privately run insurance. Access to the financial risk management tools of credit, savings and insurance is a key to fighting poverty. But microinsurance is still an infant compared to microfinance. Today, much remains to be done in order to provide people with simple, understandable, accessible, value- based, and efficient products.