What People Want : Investigating Inclusive Insurance Demand in Ethiopia
One important barrier to insurance markets that are more inclusive is the necessity to better understand the needs of low-income and other un- and underserved populations. These people are not currently clients of insurers and are difficult for ins...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/495701521789026178/What-people-want-investigating-inclusive-insurance-demand-in-Ethiopia http://hdl.handle.net/10986/29521 |
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okr-10986-295212021-05-25T09:13:05Z What People Want : Investigating Inclusive Insurance Demand in Ethiopia World Bank Group FINANCIAL INCLUSION ACCESS TO FINANCE LONG-TERM FINANCE CONSUMER PROTECTION SAVINGS BEHAVIOR BORROWING BEHAVIOR INSURANCE INFORMAL INSURANCE RISK MANAGEMENT COMMODITY RISK HEALTH RISK MORTALITY INCLUSIVE INSURANCE One important barrier to insurance markets that are more inclusive is the necessity to better understand the needs of low-income and other un- and underserved populations. These people are not currently clients of insurers and are difficult for insurers to reach through normal operations. As a result, many well-motivated efforts to provide client solutions can fail because of a misunderstanding or lack of understanding of the client’s situation. This publication explores the situation in Ethiopia where the population has unserved needs that can be met with affordable products they actually want. The results show a clear gap between the effects of various financial shocks and households’ ability to cope with them and a clear gap of unmet but insurable risks. The results also show that experience with and knowledge of insurance is very low, but this can be leveraged as an opportunity. This study, along with applying generally accepted wisdom, could help innovations in microinsurance more likely to succeed. 2018-03-27T16:44:53Z 2018-03-27T16:44:53Z 2018-03 Working Paper http://documents.worldbank.org/curated/en/495701521789026178/What-people-want-investigating-inclusive-insurance-demand-in-Ethiopia http://hdl.handle.net/10986/29521 English Finance, Competitiveness and Innovation Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Africa Ethiopia |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
FINANCIAL INCLUSION ACCESS TO FINANCE LONG-TERM FINANCE CONSUMER PROTECTION SAVINGS BEHAVIOR BORROWING BEHAVIOR INSURANCE INFORMAL INSURANCE RISK MANAGEMENT COMMODITY RISK HEALTH RISK MORTALITY INCLUSIVE INSURANCE |
| spellingShingle |
FINANCIAL INCLUSION ACCESS TO FINANCE LONG-TERM FINANCE CONSUMER PROTECTION SAVINGS BEHAVIOR BORROWING BEHAVIOR INSURANCE INFORMAL INSURANCE RISK MANAGEMENT COMMODITY RISK HEALTH RISK MORTALITY INCLUSIVE INSURANCE World Bank Group What People Want : Investigating Inclusive Insurance Demand in Ethiopia |
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Africa Ethiopia |
| relation |
Finance, Competitiveness and Innovation Insight; |
| description |
One important barrier to insurance
markets that are more inclusive is the necessity to better
understand the needs of low-income and other un- and
underserved populations. These people are not currently
clients of insurers and are difficult for insurers to reach
through normal operations. As a result, many well-motivated
efforts to provide client solutions can fail because of a
misunderstanding or lack of understanding of the client’s
situation. This publication explores the situation in
Ethiopia where the population has unserved needs that can be
met with affordable products they actually want. The results
show a clear gap between the effects of various financial
shocks and households’ ability to cope with them and a clear
gap of unmet but insurable risks. The results also show that
experience with and knowledge of insurance is very low, but
this can be leveraged as an opportunity. This study, along
with applying generally accepted wisdom, could help
innovations in microinsurance more likely to succeed. |
| format |
Working Paper |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
What People Want : Investigating Inclusive Insurance Demand in Ethiopia |
| title_short |
What People Want : Investigating Inclusive Insurance Demand in Ethiopia |
| title_full |
What People Want : Investigating Inclusive Insurance Demand in Ethiopia |
| title_fullStr |
What People Want : Investigating Inclusive Insurance Demand in Ethiopia |
| title_full_unstemmed |
What People Want : Investigating Inclusive Insurance Demand in Ethiopia |
| title_sort |
what people want : investigating inclusive insurance demand in ethiopia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/495701521789026178/What-people-want-investigating-inclusive-insurance-demand-in-Ethiopia http://hdl.handle.net/10986/29521 |
| _version_ |
1764469657240076288 |