Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform

Microinsurance (MI) can be an effective complement to existing menus of social protection programs. A flexible and powerful instrument, MI reduces vulnerability and mitigates the negative effects of external shocks on poor households. However, MI p...

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Main Authors:	Maleika, Marc, Kuriakose, Anne T.
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO INSURANCE ADMINISTRATIVE COSTS ADVERSE SELECTION AGRICULTURAL INSURANCE ASSET BASES BASIS RISK BENEFICIARIES BORROWER CASH FLOW CASH MANAGEMENT CASH RESERVES CLIENT BASE CLIENT BASES COMMERCIAL BANKS COMMUNITY INSURANCE COMPUTER KIOSKS CONSUMPTION SMOOTHING COOPERATIVES COVERAGE CREDIT ARRANGEMENTS CREDIT LIFE INSURANCE DEBT DEBT PAYMENTS DEFICITS DEVELOPING COUNTRIES DISASTER INSURANCE DISASTERS DUE DILIGENCE ECONOMIES OF SCALE EXISTING INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL PRODUCT FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SHOCK FINANCIAL SUSTAINABILITY GENERAL INSURANCE HEALTH CARE HEALTH INSURANCE HEALTH INSURANCE PROGRAM HEALTH INSURERS HEALTH PLAN HEALTH PROGRAMS HEALTH SERVICE HUMAN DEVELOPMENT INCOME INCOME HOUSEHOLDS INFORMAL INSURANCE INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTRUMENT INSURANCE COMPANIES INSURANCE COMPANY INSURANCE MARKET INSURANCE MARKETS INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCES INSURER INTERNATIONAL LABOUR ORGANIZATION LIFE INSURANCE LIFE INSURANCE POLICY LIFE INSURANCE PRODUCTS LOAN LOAN AMOUNT LOAN PRODUCTS LOAN REPAYMENTS LOCAL BANK LOCAL GOVERNMENT LOW-INCOME COUNTRIES MARKET PARTICIPANTS MICRO-INSURANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROINSURANCE MITIGATION MORAL HAZARD MORAL HAZARD PROBLEMS MORTALITY NATURAL DISASTER NATURAL DISASTERS OPERATIONAL EFFICIENCY PAYMENT OBLIGATIONS POLICYHOLDERS PORTFOLIO PREMIUM PAYMENTS PREMIUMS PRIVATE INSURANCE PRIVATE INSURERS PRIVATE SECTOR PRIVATE SECTORS PROGRAMS PROPERTY INSURANCE PUBLIC HEALTH PUBLIC-PRIVATE PARTNERSHIP RATES REGULATORS REGULATORY ENVIRONMENT REINSURANCE REINSURERS RESERVES RETURN RETURNS RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RISK POOLING RISK TRANSFER SAFETY NET SAFETY NETS SAVINGS SETTLEMENT SMALL ENTERPRISE SOCIAL FUND SOCIAL FUNDS SOCIAL NETWORKS SOCIAL PROTECTION SOCIAL PROTECTION STRATEGY SOCIAL RISK SOCIAL RISK MANAGEMENT SUSTAINABILITY TECHNICAL ASSISTANCE TRANSACTION TRANSACTION COSTS TRANSFER PAYMENTS
Online Access:	http://documents.worldbank.org/curated/en/2008/10/9996367/microinsurance-extending-pro-poor-risk-management-through-social-fund-platform http://hdl.handle.net/10986/11136

id	okr-10986-11136
recordtype	oai_dc
spelling	okr-10986-111362021-04-23T14:02:54Z Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform Maleika, Marc Kuriakose, Anne T. ACCESS TO INSURANCE ADMINISTRATIVE COSTS ADVERSE SELECTION AGRICULTURAL INSURANCE ASSET BASES BASIS RISK BENEFICIARIES BORROWER CASH FLOW CASH MANAGEMENT CASH RESERVES CLIENT BASE CLIENT BASES COMMERCIAL BANKS COMMUNITY INSURANCE COMPUTER KIOSKS CONSUMPTION SMOOTHING COOPERATIVES COVERAGE CREDIT ARRANGEMENTS CREDIT LIFE INSURANCE DEBT DEBT PAYMENTS DEFICITS DEVELOPING COUNTRIES DISASTER INSURANCE DISASTERS DUE DILIGENCE ECONOMIES OF SCALE EXISTING INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL PRODUCT FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SHOCK FINANCIAL SUSTAINABILITY GENERAL INSURANCE HEALTH CARE HEALTH INSURANCE HEALTH INSURANCE PROGRAM HEALTH INSURERS HEALTH PLAN HEALTH PROGRAMS HEALTH SERVICE HUMAN DEVELOPMENT INCOME INCOME HOUSEHOLDS INFORMAL INSURANCE INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTRUMENT INSURANCE COMPANIES INSURANCE COMPANY INSURANCE MARKET INSURANCE MARKETS INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCES INSURER INTERNATIONAL LABOUR ORGANIZATION LIFE INSURANCE LIFE INSURANCE POLICY LIFE INSURANCE PRODUCTS LOAN LOAN AMOUNT LOAN PRODUCTS LOAN REPAYMENTS LOCAL BANK LOCAL GOVERNMENT LOW-INCOME COUNTRIES MARKET PARTICIPANTS MICRO-INSURANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROINSURANCE MITIGATION MORAL HAZARD MORAL HAZARD PROBLEMS MORTALITY NATURAL DISASTER NATURAL DISASTERS OPERATIONAL EFFICIENCY PAYMENT OBLIGATIONS POLICYHOLDERS PORTFOLIO PREMIUM PAYMENTS PREMIUMS PRIVATE INSURANCE PRIVATE INSURERS PRIVATE SECTOR PRIVATE SECTORS PROGRAMS PROPERTY INSURANCE PUBLIC HEALTH PUBLIC-PRIVATE PARTNERSHIP RATES REGULATORS REGULATORY ENVIRONMENT REINSURANCE REINSURERS RESERVES RETURN RETURNS RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RISK POOLING RISK TRANSFER SAFETY NET SAFETY NETS SAVINGS SETTLEMENT SMALL ENTERPRISE SOCIAL FUND SOCIAL FUNDS SOCIAL NETWORKS SOCIAL PROTECTION SOCIAL PROTECTION STRATEGY SOCIAL RISK SOCIAL RISK MANAGEMENT SUSTAINABILITY TECHNICAL ASSISTANCE TRANSACTION TRANSACTION COSTS TRANSFER PAYMENTS Microinsurance (MI) can be an effective complement to existing menus of social protection programs. A flexible and powerful instrument, MI reduces vulnerability and mitigates the negative effects of external shocks on poor households. However, MI programs require well-developed institutional arrangements in order to run in an efficient and effective manner. Such conditions can be difficult to find in low-income countries. Social funds can help bridge this gap, standing as a platform to organize and deliver MI products. This social funds innovations note introduces some of the primary design principles behind MI program development, highlighting cases of best practice, and suggests how social funds can be used to deliver MI services more effectively to poor households. 2012-08-13T14:15:11Z 2012-08-13T14:15:11Z 2008-10 http://documents.worldbank.org/curated/en/2008/10/9996367/microinsurance-extending-pro-poor-risk-management-through-social-fund-platform http://hdl.handle.net/10986/11136 English Social Funds Innovation Notes CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research
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 INSURANCE ADMINISTRATIVE COSTS ADVERSE SELECTION AGRICULTURAL INSURANCE ASSET BASES BASIS RISK BENEFICIARIES BORROWER CASH FLOW CASH MANAGEMENT CASH RESERVES CLIENT BASE CLIENT BASES COMMERCIAL BANKS COMMUNITY INSURANCE COMPUTER KIOSKS CONSUMPTION SMOOTHING COOPERATIVES COVERAGE CREDIT ARRANGEMENTS CREDIT LIFE INSURANCE DEBT DEBT PAYMENTS DEFICITS DEVELOPING COUNTRIES DISASTER INSURANCE DISASTERS DUE DILIGENCE ECONOMIES OF SCALE EXISTING INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL PRODUCT FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SHOCK FINANCIAL SUSTAINABILITY GENERAL INSURANCE HEALTH CARE HEALTH INSURANCE HEALTH INSURANCE PROGRAM HEALTH INSURERS HEALTH PLAN HEALTH PROGRAMS HEALTH SERVICE HUMAN DEVELOPMENT INCOME INCOME HOUSEHOLDS INFORMAL INSURANCE INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTRUMENT INSURANCE COMPANIES INSURANCE COMPANY INSURANCE MARKET INSURANCE MARKETS INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCES INSURER INTERNATIONAL LABOUR ORGANIZATION LIFE INSURANCE LIFE INSURANCE POLICY LIFE INSURANCE PRODUCTS LOAN LOAN AMOUNT LOAN PRODUCTS LOAN REPAYMENTS LOCAL BANK LOCAL GOVERNMENT LOW-INCOME COUNTRIES MARKET PARTICIPANTS MICRO-INSURANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROINSURANCE MITIGATION MORAL HAZARD MORAL HAZARD PROBLEMS MORTALITY NATURAL DISASTER NATURAL DISASTERS OPERATIONAL EFFICIENCY PAYMENT OBLIGATIONS POLICYHOLDERS PORTFOLIO PREMIUM PAYMENTS PREMIUMS PRIVATE INSURANCE PRIVATE INSURERS PRIVATE SECTOR PRIVATE SECTORS PROGRAMS PROPERTY INSURANCE PUBLIC HEALTH PUBLIC-PRIVATE PARTNERSHIP RATES REGULATORS REGULATORY ENVIRONMENT REINSURANCE REINSURERS RESERVES RETURN RETURNS RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RISK POOLING RISK TRANSFER SAFETY NET SAFETY NETS SAVINGS SETTLEMENT SMALL ENTERPRISE SOCIAL FUND SOCIAL FUNDS SOCIAL NETWORKS SOCIAL PROTECTION SOCIAL PROTECTION STRATEGY SOCIAL RISK SOCIAL RISK MANAGEMENT SUSTAINABILITY TECHNICAL ASSISTANCE TRANSACTION TRANSACTION COSTS TRANSFER PAYMENTS
spellingShingle	ACCESS TO INSURANCE ADMINISTRATIVE COSTS ADVERSE SELECTION AGRICULTURAL INSURANCE ASSET BASES BASIS RISK BENEFICIARIES BORROWER CASH FLOW CASH MANAGEMENT CASH RESERVES CLIENT BASE CLIENT BASES COMMERCIAL BANKS COMMUNITY INSURANCE COMPUTER KIOSKS CONSUMPTION SMOOTHING COOPERATIVES COVERAGE CREDIT ARRANGEMENTS CREDIT LIFE INSURANCE DEBT DEBT PAYMENTS DEFICITS DEVELOPING COUNTRIES DISASTER INSURANCE DISASTERS DUE DILIGENCE ECONOMIES OF SCALE EXISTING INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL PRODUCT FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SHOCK FINANCIAL SUSTAINABILITY GENERAL INSURANCE HEALTH CARE HEALTH INSURANCE HEALTH INSURANCE PROGRAM HEALTH INSURERS HEALTH PLAN HEALTH PROGRAMS HEALTH SERVICE HUMAN DEVELOPMENT INCOME INCOME HOUSEHOLDS INFORMAL INSURANCE INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INSTRUMENT INSURANCE COMPANIES INSURANCE COMPANY INSURANCE MARKET INSURANCE MARKETS INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCES INSURER INTERNATIONAL LABOUR ORGANIZATION LIFE INSURANCE LIFE INSURANCE POLICY LIFE INSURANCE PRODUCTS LOAN LOAN AMOUNT LOAN PRODUCTS LOAN REPAYMENTS LOCAL BANK LOCAL GOVERNMENT LOW-INCOME COUNTRIES MARKET PARTICIPANTS MICRO-INSURANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MICROINSURANCE MITIGATION MORAL HAZARD MORAL HAZARD PROBLEMS MORTALITY NATURAL DISASTER NATURAL DISASTERS OPERATIONAL EFFICIENCY PAYMENT OBLIGATIONS POLICYHOLDERS PORTFOLIO PREMIUM PAYMENTS PREMIUMS PRIVATE INSURANCE PRIVATE INSURERS PRIVATE SECTOR PRIVATE SECTORS PROGRAMS PROPERTY INSURANCE PUBLIC HEALTH PUBLIC-PRIVATE PARTNERSHIP RATES REGULATORS REGULATORY ENVIRONMENT REINSURANCE REINSURERS RESERVES RETURN RETURNS RISK ASSESSMENT RISK EXPOSURE RISK MANAGEMENT RISK POOLING RISK TRANSFER SAFETY NET SAFETY NETS SAVINGS SETTLEMENT SMALL ENTERPRISE SOCIAL FUND SOCIAL FUNDS SOCIAL NETWORKS SOCIAL PROTECTION SOCIAL PROTECTION STRATEGY SOCIAL RISK SOCIAL RISK MANAGEMENT SUSTAINABILITY TECHNICAL ASSISTANCE TRANSACTION TRANSACTION COSTS TRANSFER PAYMENTS Maleika, Marc Kuriakose, Anne T. Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform
relation	Social Funds Innovation Notes
description	Microinsurance (MI) can be an effective complement to existing menus of social protection programs. A flexible and powerful instrument, MI reduces vulnerability and mitigates the negative effects of external shocks on poor households. However, MI programs require well-developed institutional arrangements in order to run in an efficient and effective manner. Such conditions can be difficult to find in low-income countries. Social funds can help bridge this gap, standing as a platform to organize and deliver MI products. This social funds innovations note introduces some of the primary design principles behind MI program development, highlighting cases of best practice, and suggests how social funds can be used to deliver MI services more effectively to poor households.
format	Publications & Research :: Brief
author	Maleika, Marc Kuriakose, Anne T.
author_facet	Maleika, Marc Kuriakose, Anne T.
author_sort	Maleika, Marc
title	Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform
title_short	Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform
title_full	Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform
title_fullStr	Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform
title_full_unstemmed	Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform
title_sort	microinsurance : extending pro-poor risk management through the social fund platform
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2008/10/9996367/microinsurance-extending-pro-poor-risk-management-through-social-fund-platform http://hdl.handle.net/10986/11136
_version_	1764415654847315968

Microinsurance : Extending Pro-Poor Risk Management through the Social Fund Platform

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