The reach and scope of microinsurance have expanded considerably over the last couple of decades. The literature on microinsurance focuses predominantly on its microeconomic impact. In contrast, I examine the contemporaneous and intertemporal effect of microinsurance on economic development...

This chapter offers a detailed analysis of microinsurance (nowadays often called “inclusive insurance”), an innovative hybrid model combining grassroots initiatives with top-down approaches to reach populations not covered by government-operated social protection systems. With half of the...

In the least developed countries, the informal sector faces great challenges in accessing healthcare services since most people are not mainstreamed. This has prompted the formation of groups as a way of empowerment. The objective of this study was to examine the factors contributing to health...

The definitive account of the history of poverty finance' - Susanne Soederberg Finance, mobile and digital technologies - or 'fintech' - are being heralded in the world of development by the likes of the IMF and World Bank as a silver bullet in the fight against poverty. But should we believe...

Microinsurance is one of the fastest-growing new markets among people at the bottom of the financial pyramid. These low-income customers were previously precluded by traditional insurance. Will insurers really benefit from serving a larger amount of customers? Our results show that competition...

This study examined the effect of microinsurance and microinsurance risk control on Small and Medium Enterprises(SMEs)performance. Nigeria’s economy is dominated by Small and Medium Enterprises (SMEs) in Agriculture, Manufacturing, Commerce, Industry and Services. Their poor performance has...

This paper examines different types of agricultural insurance to find the best product to increase the yield of farmers in Aruppukottai, a small village in Tamil Nadu, India. The paper explores the best way to maximize the resources of​ my ​NGO, Khasanam, so as to have maximum impact in...

As envisaged in the Sustainable Development Goals, eradicating poverty by 2030 is among the most important steps to achieve a better and more sustainable future. A key contribution to reach this target is to ensure that vulnerable households are effectively protected against weather-related...

Rural communities are particularly vulnerable to weather shocks and ecosystem decline. Traditionally, farmers have adapted to climate variability and extremes through various risk management strategies, either individually or cooperatively. However, climate change amplifies the frequency and...

Microinsurance adoption in developing countries is low, despite its potential to foster economic growth. Recent research is not able to explain the low demand within the neoclassical framework. I contribute to this stream of research by proposing rational as well as boundedly rational...

China's Urban and Rural Residents' Basic Medical Insurance (URRBMI) system recently was formed to integrate two prior-existing government health insurance programs for low income citizens: the New Cooperative Medical Scheme (for rural residents) and the Urban Residents' Basic Medical Insurance...

This work analyzes if reference dependence and loss aversion can explain the puzzling low adoption rates of rainfall index insurance. We present a model that predicts the impact of loss aversion on index insurance demand to vary with different levels of insurance understanding. Index insurance...

Background: The mobile insurance industry plays a crucial role in the insurance ecosystem of developing countries, yet the overarching factors that impinge on and shape clients' behavioural intentions towards service providers have not been given the necessary attention they deserve. Objectives:...

We investigate the properties of health insurance demand in Burkina Faso, where we offered poor households a voluntary health insurance product at half the usual price. The targeting procedure we implemented delivers a fuzzy regression discontinuity design, which identifies the price elasticity...

This paper provides guidance to the microinsurance movement on how organisational structure impacts performance. We develop these insights through analysis of the Friendly Society Movement, a previously untapped and rich history of insurance for the poor. A particular structure, the Affiliated...

This paper is an attempt to understand the factors behind low contract renewal rates frequently observed in insurance programs in poor countries. This is done on the basis of the experience of a microinsurance health program in India. We show that deficient information about the insurance...

Section I: Financial Inclusion Practices -- Chapter 1 Demographic discriminators in the adoption of banking services: Evidence from the Primitive Tribal Households -- Chapter 2 Financial Inclusion in OIC Countries: Challenges and Opportunities -- Chapter 3 Key Determinants of Financial...

The combination of Fintech and microtakaful can achieve financial inclusion at a massive level. Additionally, this combination offers other benefits like innovation, formalization of the economy, cost and time efficiency, and consumer protection, to mention a few. These challenges include, inter...

Microinsurers strive to simplify products and their pricing, a trend that runs counter to the customization and complex underwriting of insurance in richer markets. While necessary to reduce costs and reach wide scale, this trend opens microinsurance markets to problems of information...

This paper analyzes the dynamic nature of rainfall insurance purchasing decisions, specifically looking at whether and why receiving an insurance payout induces a greater chance of purchasing insurance again the next year. This analysis uses customer data from the Indian micro-finance...

Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households around the world. However, customers have shown little demand for stand-alone insurance products. This paper theoretically and experimentally analyzes an innovative financial...

Microinsurance offers policies to cover four types of risk; life, health, accidental and property and is a key element for the financial inclusion of the poor. This study examined the influence of insurance literacy and demographics on the likely hood of having a micro-insurance policy. The...