Microinsurance: Does traditional regulation apply?

Description: 

Illness or injury, death of a family member, man-made calamities and natural disasters have a devastating effect on low-income households’ cash flow, liquidity, and earning capacities and this, on household welfare. The growing demand for microinsurance (insurance services geared for low-income households) is a response to continuing risks that threaten poor households’ welfare. This is a recent phenomenon. This Policy Notes draws the policymakers’ attention to this emerging phenomenon and explains the need for an effective regulatory and supervision framework for microinsurance.

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Author: 

Gilbert Llanto, Ma. Piedad Geron, Joselito Almario

Published by: 

  • Other

Publisher: 

Philippine Institute for Development Studies

Number of pages: 

6

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