Pricing in Microinsurance Markets

Christian Biener

World Development, 2013, vol. 41, issue C, 132-144

Abstract: Microinsurance markets have exhibited strong growth rates in recent years. Great parts of the industry are, however, challenged by fundamental issues of providing insurance products, one of the most significant of which is pricing risk. In this paper, we provide a nontechnical analysis of insurance pricing problems and a review of the set of opportunities that can address some of the specific pricing constraints in microinsurance markets. A key contribution of this paper is the investigation of conventional techniques as potential solutions for improving the pricing of insurance risk in microinsurance markets.

Keywords: developing countries; microinsurance; data availability; actuarial pricing; credibility methods (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:41:y:2013:i:c:p:132-144

DOI: 10.1016/j.worlddev.2012.05.028

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