Resources

The Landscape of Microinsurance in Africa

1094 Downloads

The Landscape of Microinsurance in Africa

Approximately 1 billion people live in Africa, of which an estimated 60% live below USD 2 per day. These low-income households are particularly vulnerable to risks. Illness, death, natural disasters, damage to property, and accidents all can have devastating effects on livelihoods without a buffer to mitigate the financial impact. The informal mechanisms developed by the poor – rotating savings and credit associations, depleting savings, informal borrowing, selling assets, taking children out of school - offer short-term protection at longterm costs, preventing escape from poverty. Furthermore, most individuals in Africa cannot count on government safety nets to mitigate risks. Failure of informal schemes and government-led programs opens a significant window of opportunity for microinsurance. This paper provides a detailed picture of the landscape of microinsurance activities in Africa.

File Name: 2010 Africa Landscape paper4_landscape_en.pdf
File Type: application/pdf
Download: 1094 times
Created Date: 04-30-2010

Quote of the Day

"Business as usual models are simply not going to work anymore" - Elliott Harris | Assistant Secretary-General, United Nations Environment Programme (UNEP)  

Follow us!

Join our Newsletter to receive updates!



Contact Us

1045 N Lynndale Drive
Suite 2E
Appleton, WI 54914
(920) 257-2179