[MFP] CGAP Newsflash: Microinsurance Key to Managing Risk

 

 

CGAP Newsflash: Microinsurance Key to Managing Risk Microinsurance coverage is dramatically expanding, with over 500 million low-income people insured worldwide. With increasing recognition that poor people need a suite of financial services to meet their complex financial needs, services are improving, products are becoming more innovative, and microinsurance is becoming a key tool for helping people manage risks and protect assets.  A new blog series on CGAP.org shares recent practices and emerging ideas that are advancing the field of microinsurance. Read the first two posts at CGAP.org and watch this space for additions over the next few weeks: Building Resilience through Access to Insurance Though the number of people without access to insurance remains staggering, progress made thus far reflects the hard work of many partners working to bring insurance services to the base of the pyramid market. Why People Don't Buy Microinsurance Several factors influence a household's decision to buy microinsurance. A review of over 30 studies shows that trust and liquidity constraints are among the most important determinants while understanding demand of microinsurance products. CGAP   You have been sent this email because you are on the CGAP emailing list. If you prefer not to receive further emails, please email us at CGAP@WorldBank.org

 

 

 

 

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