This paper presents the results of an extensive survey of the risks faced by Philippino microentrepreneurs. The authors argue that many of the risks would be best addressed through non-insurance means, but that insurance is appropriate and viable in the management of certain risks for example, the death of a member of a household enterprise. The authors provide a fascinating account of the emergence of microinsurance based on indigenous “insurance like” mechanisms. In addition to analysing risks and microinsurance schemes, this paper, with its extensive overviews of the Phillipino microinsurance industry, will serve as reference guide for donors, MFIs and other parties who currently work or intend to work on microinsurance in the Philippines.
Social Finance Programme, InFocus Programme Employment through Small Entreprise Development