Publication

Microinsurance has become a very popular concept in the international development debate. It is an arrangement whereby the members pool their risks, but at contribution levels that even people on low and fluctuating incomes can afford. This concept can be realised for life and disability insurance, for pension insurance and insurance that gives protection against the effects of the weather and natural disasters, provided that professional insurers assume responsibility for product design and risk management, but cooperate in product marketing and customer servicing with agents who operate close to target groups, such as self-help groups, non-governmental organisations and cooperatives