This paper presents a case study analysis of the profitability of microinsurance provided by five insurers operating in different regions across the globe. The insurers selected for the case studies are sampled from differing environments, and approach the problems of commercial microinsurance in different ways. To bring consistency to the analysis, and to facilitate comparison between the cases, a framework for the assessment of microinsurance profitability was developed. The framework is based on three main drivers of profitability:

• generating sufficient income by reaching scale
• managing claims costs
• managing acquisition and administration costs

How the insurers balance these three often competing aspects of the business is investigated through the case study analysis. Although the experiences in these case studies are unique, investigating the challenges and successes of these established microinsurance initiatives provides insights into possible approaches to improve viability for other players in the market.