This paper presents findings of fieldwork in Burkina Faso on life, health and cattle insurance. The findings suggest that even in a country as poor as Burkina Faso, microinsurance schemes can flourish. The research finds that simpler forms of insurance can be operated relatively effectively, with limited actuarial skills, provided that pricing is prudent and that institutional defences are in place to combat the hazards that typically affect microinsurance schemes. The paper concludes with a...