This authoritative compendium, edited by Craig Churchill and co-published by ILO and Munich Re Foundation, brings together the latest thinking of leading academics, actuaries, and insurance and development professionals in the microinsurance field and presents the state of the microinsurance practice through the documentation of microinsurance operations around the world.
The result is a practical, wide-ranging resource which provides the most thorough overview of the subject to date.
The book allows readers to benefit from the valuable lessons learned from a project launched by the CGAP Working Group on Microinsurance to analyse operations around the world. Essential reading for insurance professionals, practitioners and anyone involved with offering insurance to low-income persons.
Content
This volume covers the many aspects of microinsurance in detail including product design, marketing, premium collection and governance.
It explorers the understanding microinsurance process starting by setting a definition of microinsurance and finishing with the future developments and the actors involved or potentially involved in this emerging market.
It also discusses the various institutional arrangements available for delivery such as the community-based approach, insurance companies owned by networks of savings and credit cooperatives and microfinance institutions.
This book offers insightful strategies for achieving the right balance between coverage, costs and price.
Structure
The book is organized into six parts. We have linked some key words to MicroInsurance Focus sections if you want to explore related documents.
| Part 1: Principles and Practices | Definition of microinsurance, risk-management needs of low-income households, and social protection and microinsurance. |
| Part 2: Microinsurance Products and Services | Lessons about specific products, insurance linked to savings and credit products and adapted insurance for women and children. |
| Part 3: Microinsurance Operations | Product design, marketing, premium collection, claims, pricing, financial and risk management, governance, organisational development and loss control, and benchmarking. |
| Part 4: Institutional Options | Suitable institutional arrangements, existent institutional options including the ones for health insurance delivery. |
| Part 5: The Role of Other Stakeholders | Role of donors, regulators, governments, insurers, and reinsures, and technical assistant providers. |
| Part 6: Conclusions | Strategies to achieve the balance between coverage, costs and price and future developments in microinsurance. |
Read the Microinsurance in Focus Notes which are based on the chapters of the compendium
Download Order Form to get a hard copy of the Microinsurance Compendium
Read Highlight about this compendium on Microfinance Gateway
Read the Online Version
Read the Executive Summary of the Compendium
Read the Feature Article in "World of Work" (Nr. 58, December 2006)