Needs assessment and feasability study on disaster microinsurance: Empirical findings from four provinces in Indonesia


Microinsurance is assuming an increasingly important role within Munich Re, particularly in the light of recent natural catastrophes, many of which have hit sections of the world’s population which have neither insurance cover nor the possibility of access to other suitable hedging instruments. In close liaison with key market players such as microfinance institutions, non-governmental organisations and local insurance companies, Munich Re plays an active part in market developments. Microinsurance has also gained importance with public and private development agencies, governments and insurance supervisors. Poor people are most exposed to risks and less protected against the consequences, as they usually lack any type of public or private social protection. Microinsurance can play a crucial role in ensuring that the household does not find itself further impoverished when a family faces a financial crisis due to death, sickness, unemployment or natural hazards. In this respect microinsurance is considered one element within the development of comprehensive, inclusive and pro-poor social protection systems and an important precondition for pro-poor growth and a sustainable poverty reduction. Munich Re and the German Technical Cooperation (GTZ) have concluded a publicprivate partnership agreement to review the microinsurance needs and demand in two selected markets in Southeast Asia, Indonesia and the Philippines. This report, focusing on Indonesia (the Philippines will be covered later), outlines the empirical findings of a field study conducted in four provinces as well as a stakeholder analysis in Jakarta.






Till Heydel, Gabriele Ramm Suanne Ruff, Mario Wilhelm


GIZ, Munich Re Group

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