The Landscape of Microinsurance in Latin America and the Caribbean


The Landscape of Microinsurance in Latin America and the Caribbean

The microinsurance sector in Latin America and the Caribbean (LAC) has recently experienced tremendous growth in life and accident coverage as well as a notable increase in products covering multiple risks. Despite some significant initiatives, primary health and property microinsurance coverage remains extremely limited. In the eleven countries for which previous data was available, the total number of people and properties identified as covered by microinsurance grew by 125% over the six years from 2005 through the end of 2011. Within the region, the five largest microinsurance markets - Mexico, Brazil, Colombia, Peru, and Ecuador - remain dominant, as these countries account for 90% of all microinsurance coverage in LAC.

File Name: Landscape of microinsurance in LAC (2).pdf
File Type: application/pdf
Download: 1666 times
Created Date: 09-30-2013
Author: Michael J. McCord, Molly Ingram and Clémence Tatin-Jaleran

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"There is a need for Government to play a significant role in helping to provide the risk management tools needed by very low-income families." -- Gaby Ramm | GIZ Consultant

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