Learning to insure the poor

20 10 2012

See on Scoop.itInclusive and Sustainable Business

Four billion people live on incomes of less than eight dollars per day. 2.6 billion have to get by on less than two dollars per day. Besides suffering daily deprivations, the world’s poor are often more exposed to risks ranging from disease to crop failures to the consequences of climate change.

 

Microinsurance could help many of these people escape poverty. It contributes to wealth creation by insuring against risks and thus enabling investments and accumulation of assets. But unlike microloans, which are already well established, insurance policies have been considered too complex and cost-intensive to be financed with small amounts of money and marketed in rural regions.

See on www.allianz.com

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