This discussion paper aims to stimulate the debate on the potential role of microinsurance in dealing with climate change as a long-term challenge and its impact on low-income people. The author argues that adaptation to a changing climate may be more important than protection through insurance. Insurance is not an appropriate tool to prevent climate change from unfolding. Microinsurance may, however, facilitate and enhance adaptive investments and activities. Protecting investments made in a perspective of adaptation through insurance is certainly wise and offers plenty of room for innovative and useful products, including those for the low-income market. The discussion paper will used as the basis for the Microinsurance debate: Climate change and microinsurance, which is an online discussion moderated by Roland Steinmann, that will focus on the potential role of microinsurance in dealing with climate change as a long-term challenge and its impact on low-income people.
- Microinsurance Network