The purpose of the research was to understand and estimate the demand for microinsurance in the country, as well as the potential supply of microinsurance in terms of risk takers (regulated insurers, the Government and others) and various delivery channels. The resulting information should lead to an understanding of the current potential (if any), options available for undertaking pilot initiatives, and what action would be required to meet the demand for microinsurance products and services. In the long term, the research and implementation of the findings should relate to the development of sustainable livelihoods through the availability and access to microinsurance by the poor and disadvantaged people and workers in the informal sector. It should also lead to the exploration of the use of microinsurance as a safety net mechanism to reduce livelihood vulnerability of low -income populations.
Allianz, GIZ, UNDP