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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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

id	okr-10986-10266
recordtype	oai_dc
spelling	okr-10986-102662021-04-23T14:02:49Z Micro Insurance Matters in Latin America Goldberg, Mike Ramanathan, C.S. 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 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? 2012-08-13T10:59:35Z 2012-08-13T10:59:35Z 2008-11 http://documents.worldbank.org/curated/en/2008/11/10277233/micro-insurance-matters-latin-america http://hdl.handle.net/10986/10266 English en breve; No. 138 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	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
spellingShingle	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 Goldberg, Mike Ramanathan, C.S. Micro Insurance Matters in Latin America
geographic_facet	Latin America & Caribbean
relation	en breve; No. 138
description	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?
format	Publications & Research :: Brief
author	Goldberg, Mike Ramanathan, C.S.
author_facet	Goldberg, Mike Ramanathan, C.S.
author_sort	Goldberg, Mike
title	Micro Insurance Matters in Latin America
title_short	Micro Insurance Matters in Latin America
title_full	Micro Insurance Matters in Latin America
title_fullStr	Micro Insurance Matters in Latin America
title_full_unstemmed	Micro Insurance Matters in Latin America
title_sort	micro insurance matters in latin america
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2008/11/10277233/micro-insurance-matters-latin-america http://hdl.handle.net/10986/10266
_version_	1764412463280816128

Micro Insurance Matters in Latin America

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