This document forms part of a larger cross-country study looking at the micro-insurance experience in Colombia, India, the Philippines, South Africa and Uganda in order to develop a set of guidelines that can assist developing countries in creating a facilitative regulatory environment for micro-insurance. The ultimate aim of this cross-country study is greater financial inclusion particularly for insurance products, and it is therefore important that an understanding of financial inclusion and its determinants forms the basis for the rest of the analysis. Financial inclusion is achieved when individual consumers (particularly low-income consumers) can access and sustainably use financial services that are appropriate to their needs. This involves looking at barriers (particularly regulatory ones) that entirely prevent consumers from accessing microinsurance or prevent providers from making it available, as well as looking at barriers that discourage access or provision.
A2I, Gates Foundation, IDRC, Cenfri