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Mathematics Today looks at microinsurance

Eskander; Sawsan, James Anderson, Dermot Grenham, Institute of Mathematics and its Applications, June 14, 2014

According to the World Bank, around 2.2 billion people, or almost 31% of the global population, live on incomes less than USD1.25 a day, with 3.6 Billion living on less than USD2 per day. People living on such low incomes usually have no access to formal financial services. In particular, they often have little access to formal risk management solutions, including traditional insurance products. As a result, the world’s poor are often the most exposed to the impact of many high-risk events that can cause financial difficulties in their lives.

Read the article here

2nd Annual Microinsurance Africa Summit 2014

AMC international is organising the 2nd Annual Microinsurance Africa summit in Nairobi, Kenya from 27-29 August 2014. The event will look at the latest microinsurance developments in Southern Africa and beyond. It will cover themes such as mobile phone distribution, leveraging technology as a solution to microinsurance challenges and microinsurance as a microfinance product to increase impact.

For more information on the summit click here