A brief history
The concept of insurance dates back to around 3,000 BC in China where merchants and their investors shared the risk of goods lost when shipping overseas. (read more)

Key concepts
The term "microinsurance” typically refers to insurance services offered primarily to clients with low income and limited access to mainstream insurance services and other means of effectively coping with risk. (read more)  

The role of risk
Microinsurance assists the poor and low-income households with a way to protect against risk. The role of microinsurance is to be viewed alongside government provision of basic health services. (read more)

This glossary provides translation into English, French and Spanish for over 300 microinsurance terms. In addition it includes some 150 definitions for the most popular terms in microinsurance. (read more)

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