Mobile Microinsurance and Financial Inclusion: The Case of Developing African Countries

Bibi Z. Chummun ()
Additional contact information
Bibi Z. Chummun: University of KwaZulu-Natal

Africagrowth Agenda, 2017, vol. 14, issue 3, 12-16

Abstract: The paper seeks to investigate the relationship between mobile microinsurance and financial inclusion in developing countries. Through a review of literature, the author advances the hypothesis that inclusive financing is more likely to be successful in countries where mobile microinsurance is being used than countries where the service is not available to the low-income people. The study’s drive is predicated on the argument that mobile platform including mobile money can be used as a measure to mitigate the inherent transaction costs of microinsurance and to assist in the building of volume of microinsurance and mobile microinsurance policies. Despite some identified challenges, the findings reveal that leveraging use of relatively low-cost mobile channels of microinsurance could promote the effective accessibility of microinsurance, providing the opportunities to reach the low-income households in remote places and contribute to financial inclusion. Finally, the author points to some possible ways for mobilizing mobile microinsurance to enable effective financial inclusion.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://journals.co.za/content/journal/10520/EJC-b1d5121a4 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afj:journ2:v:14:y:2017:i:3:p:12-16

Access Statistics for this article

More articles in Africagrowth Agenda from Africagrowth Institute Contact information at EDIRC.
Bibliographic data for series maintained by Kirk De Doncker ().