Microinsurance is designed to service low-income people and businesses that are not typically served by typical social or commercial insurance entities.  As a financial services product, microinsurance is characterized by low premium and low caps or low coverage limits and is intended to protect low-income people against risks associated with microloans, agricultural output, and health and property coverage.  It is sold under various risk-pooling and marketing arrangements, and premium payments are proportionate to the cost of the risks involved.  One of the greatest challenge for microinsurance is the actual delivery to clients.  There are four methods: partner-agent model, the provider-driven model, the full-service model, and the community-based model. Microinsurnace is considered a component of microfinance by helping to meet different needs of the poor along with credit, savings and access to payment system.  Premiums can range from only $0.40 per year (in Guinea) to a few dollars a month in Latin America.  Yet, in the world’s 100 poorest countries, only 3% of low income people benefit from microinsurance products, leaving at least 2 billion poor people unprotected; and more than half are women.


Micro-insurance program tailored to needs of the poor – DOF director.  In the Phillipines, the Department of Finance and its partners are into massive advocacy campaign on micro-insurance program which gives access and assurance to the poor sector of society.

Selling More, Selling Better: A Microinsurance Sales Force Development Study. New Microinsurance Paper from the ILO’s Microinsurance Innovation Facility, provides lessons for microinsurance providers for the four main steps in sales force development: recruit, train, incentivize and monitor.Published by the ILO. (2012).

Microinsurance Network.  The Country Information Database is a collection of microinsurance documents that relate to specific regions and countries. The aim is to bring together these documents, facilitating the seach for country specific information on microinsurance.

Protecting the poor: A microinsurance compendium – Volume II. (2012) Published by the ILO and the Munich Re Foundation, examines the recent developments and achievements of the microinsurance sector.

Donors and Microinsurance. (2012)  This study examines the various aspects of donor’s involvement in an attempt to offer an overview of their role and significance and motivations in the sector.

Innovation Flash, ILO newsletter – 12 February, 2012.  Articles on “Reducing Livestock insurance fraud and improving client value proposition”,  ‘Offering a composite product in Bolivia (agriculture, life and property)”, and “Tapping into multinational companies to provide health insurance to domestic workers”.

Credit Health Launches in Ghana. MicroEnsure Ghana is launching credit health insurance to further support microfinance clients in West Africa. (2012).

A Microinsurance Puzzle: How do Demand Factors link to Client Value? (2012). Studies from across the developing world have confirmed this need for financial risk management tools.

The Landscape of Microinsurance in the World’s 100 Poorest Countries. Insurance for the poor is examined here with the potential to help millions of poor people.

Developing partnerships to insure the world’s poor. A “landscape review” by the Microinsurance Centre based on research study related to client value, and provides aggregated findings in a matrix that summarizes findings.

MicroEnsure serves 3.1 million clients with property, health, crop and funeral insurance.  Supported by the Gates Foundation and operating principally in Africa.

Microinsurance Innovation Facility. Housed at the International Labour Organization’s Social Finance Programme and supported by the Gates Foundation, the Facility seeks to increase the availability of quality insurance for the developing world’s low-income families to help them guard against risk and overcome poverty.

Improving client value from microinsurance – Are  clients benefiting from microinsurance? Insights from India, Kenya and the Philippines, using client value assessment tool called PACE (Product, Access, Cost and Experience).  Microinsurance Paper n°12, ILO, 2011.

Microinsurance Network: A Brief History. What is microinsurance?

Microinsurance:  An Overview

Microinsurance:  What is it and how does it work?

Microinsurance Innovation Facility

A scientist’s view on microinsurance (Munich Re Foundation)

Protecting the Poor:  A microinsurance compendium

Assessing the success of microinsurance programmes in meeting the insurance needs of the poor

Microinsurance: Reducing the vulnerability of families in the face of unexpected situations.  This is a policy statement from Desjardins Development International, noting that access to appropriate insurance is essential to reducing  vulnerability and improving living standards of marginalized populations.

Commercial Insurers in Microinsurance.  This study explains the incentives and long term perspectives for the  commercial insurance companies in the low income market. The main difference cited in microinsurance products is the lower premium/benefit ration.