Microinsurance: The next revolution?

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This essay focuses on the design of insurance products for poor customers. Several promising innovations are described: credit life insurance, health insurance partnerships, and weather insurance. Each was created to serve populations that were previously unserved, and workable institutional solutions are emerging. The next step must be to shift from the question of what creates workable institutions to the question of how to refine designs to best serve low-income populations. In doing so, current approaches must be reassessed in order to most improve clients' lives and to avoid doing unintended harm.

Original languageEnglish (US)
Title of host publicationUnderstanding Poverty
PublisherOxford University Press
ISBN (Print)9780195305197
DOIs
StatePublished - Sep 6 2006

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Keywords

  • Health insurance
  • Life insurance
  • Poor
  • Rainfall insurance

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

Cite this

Morduch, J. (2006). Microinsurance: The next revolution? In Understanding Poverty Oxford University Press. https://doi.org/10.1093/0195305191.003.0022