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Microinsurance: Promoting Resilience and Welfare in the Informal Sector

David M. Dror and Martin Eling ()
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Martin Eling: University of St. Gallen

A chapter in Handbook of Insurance, 2025, pp 555-578 from Springer

Abstract: Abstract This chapter provides an overview of microinsurance and reviews existing supply, demand, and impact research. Despite half of the world’s population lacking traditional insurance solutions, offering low-cost, low-coverage insurance products has not been effective. Our review shows that supply-side and demand-side limitations explain why take-up has been much lower than expected, and encouraging take-up is difficult. We review the processes, give an overview of the challenges, and provide impulses for further research and product development. The “contributive & collaborative” (C&C) microinsurance model offers a customer-centric and demand-driven alternative to empower individuals and communities.

Keywords: Microinsurance; Informal economy; Demand; Supply; Impact; G22; G32; 011 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-69674-9_20

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DOI: 10.1007/978-3-031-69674-9_20

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