Microinsurance: Providing Profitable Risk Management Possibilities for the Low-Income Market

Michael J. McCord
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Michael J. McCord: The MicroInsurance Centre

A chapter in New Partnerships for Innovation in Microfinance, 2009, pp 266-285 from Springer

Abstract: Insurers have hardly touched a massive potential demand for specialised insurance products in the developing world’s low-income markets. The demand for appropriate risk management services offers insurance companies an opportunity to expand this market greatly by treating it as a specialised niche rather than as a development activity. This perspective can lead to profitable operations for insurers and can make a dramatic impact on the development of this low-income market.

Keywords: Risk Management; Risk Premium; Credit Union; Social Protection; Insurance Product (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-76641-4_16

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DOI: 10.1007/978-3-540-76641-4_16

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