The landscape of microinsurance in Latin America and the Caribbean

Briefing note

The landscape of microinsurance in Latin America and the Caribbean was commissioned by the Multilateral Investment Fund, a member of the Inter-American Development Bank Group, and was developed by the MicroInsurance Centre. This study also received the support of the Citi Foundation and the Munich Re Foundation.

Over the past decade, it has been widely recognized that insurance provides the low-income population with important benefits which can help prevent individuals and families from falling back into extreme poverty when they are faced with a financial loss.

Much of our knowledge about microinsurance comes from case studies of countries or organizations. While these works can be informative on an entity level, they generate little information about the microinsurance industry as a whole. This makes it difficult to identify gaps in products or coverage as well as trends. Understanding trends can help various parties leverage their activities to address gaps, jump on positive changes, change plans related to areas that are not performing, and learn from trends that are linked to regulatory or macroeconomic factors. Traditional insurance markets in developed countries commonly track trends to generate key market information.

The current study is the first quantitative landscape study of Latin America and the Caribbean, although the 2007 landscape study included twelve countries in Latin America and the Caribbean.
 

Date of publication: 2012
Language: English
Order No.: Only available as download

International Microinsurance Conference

> more

 

Microinsurance Learning Sessions

> more

 

Microinsurance Compendium

> more

 

Share on social media

 

Publications

 

Download PDF

> The landscape of microinsurance in Latin America and the Caribbean - Briefing note

 

Contact

> Dirk Reinhard