Microinsurance
Microinsurance (English microinsurance schemes ) provide poor households, especially in developing countries protection against natural risks . Compared to the general population, poor households are usually more exposed to risks such as illness, accident or loss of property and are therefore more dependent on insurance services. However, due to their low economic attractiveness, they are not served by traditional insurance companies.
It is a relatively new microfinance service that complements classic business areas such as the granting of microcredits and the range of micro savings . Microinsurance is often discussed as an approach within the framework of so-called Base of the Pyramid business models, which aim to successfully integrate previously largely neglected sections of the population into corporate value chains .
Products and Methods
Selected products are
- Securing the repayment installments of loans
- Life insurance / emergency funds
- Health insurance
- Harvest hedging
- Insurance of the cattle (English livestock insurance )
- Parametric weather insurance
Web links
- Allianz micro-insurance
- Munich Re press release on current practices on the part of the World Bank Organization CGAP ( Memento from September 28, 2007 in the Internet Archive ) (English)
- Access to Insurance Initiative
- MicrofinanceWiki: Microinsurance