Micro Insurance Matters in Latin America

This note discusses the rapidly evolving issue of micro insurance in Latin America and how microfinance institutions (MFIs), insurance companies and donors can respond to its challenges. This note is part of a series summarizing the Department of I...

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Bibliographic Details
Main Authors:	Goldberg, Mike, Ramanathan, C.S.
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO FINANCIAL SERVICES ACCESS TO INSURANCE ACCIDENT INSURANCE AFFORDABLE PRICE AMOUNT OF SAVINGS ANNUAL EARNINGS BANKS BIDS BORROWER CLAIMS PROCESSING COMMISSIONS CONSUMER CONSUMER GOODS CONSUMER LOAN COOPERATIVES COVERAGE CREDIT UNIONS DEBIT CARDS DEBT DEMOGRAPHIC CHARACTERISTICS DISABILITY DISASTERS DISPOSABLE INCOME DISTANCE LEARNING DROUGHT ECONOMIC MANAGEMENT ENABLING ENVIRONMENT ENDOWMENTS FINANCIAL INSTITUTIONS FINANCIAL PRODUCT FINANCIAL SECTOR FINANCIAL SERVICES FORMAL FINANCIAL INSTITUTIONS HEALTH INSURANCE HOUSEHOLDS INFORMATION MANAGEMENT INFORMATION SYSTEM INFORMATION SYSTEMS INSTALLMENTS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE MARKET INSURANCE PENETRATION INSURANCE PRODUCTS INSURANCE SCHEMES INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INVESTING ISSUANCE JOB LOSS LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE PRODUCT LIVING STANDARDS LOAN REPAYMENT LOW INCOME LOW-INCOME LOW-INCOME PEOPLE LUMP SUM MARKET DEVELOPMENT MFI MFIS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROINSURANCE MORAL HAZARD NATIONAL INSURANCE NEW MARKET PENETRATION RATE PENSION PORTFOLIO PREMIUM PAYMENT PREMIUM PAYMENTS PREMIUMS PRIVATE INSURANCE PROGRAMS RAPID GROWTH RATES REGULATORY FRAMEWORKS REINSURANCE RESERVE RESERVE FUND RESERVES RISK EXPOSURE RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS RISK POOLING SALE SALES SALES STRATEGY SAVINGS SENIOR SETTLEMENT SMALL AMOUNT OF SAVINGS SMART CARDS SOLVENCY START-UP TECHNICAL ASSISTANCE TRUST FUND UNDERWRITER UNDERWRITING WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2008/11/10277233/micro-insurance-matters-latin-america http://hdl.handle.net/10986/10266

Description
Summary:	This note discusses the rapidly evolving issue of micro insurance in Latin America and how microfinance institutions (MFIs), insurance companies and donors can respond to its challenges. This note is part of a series summarizing the Department of International Development-Latin American Markets and International Trade Program (DFID-LAMIT) eight-part distance learning program with South American microfinance networks and government officials. This note addresses three critical questions about micro insurance in Latin America. 1) What is micro insurance? 2) Is micro insurance a very useful way for low income households to manage their risks? 3) What are the challenges for expanded coverage of commercial micro insurance in Latin America, and what can governments, donors and investors do to help?

Micro Insurance Matters in Latin America

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