Uganda country diagnosis: Making insurance markets work for the poor: Microinsurance policy, regulation and supervision

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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.

The future of microinsurance regulation in South Africa

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This discussion paper proposes that a regulatory space for the provision of micro-insurance products be carved out within the broader regulation of insurance provision in South Africa. Micro-insurance refers to insurance that is accessed by or accessible to the low-income population, provided by a variety of different providers and managed in accordance with generally accepted insurance practices.

South Africa country diagnosis: Making insurance markets work for the poor: Microinsurance policy, regulation and supervision

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This is the report of the South African country study on the impact of regulation on the development of the micro-insurance market. As such it forms part of a larger cross-country study which considers the micro-insurance experience in Colombia, India, the Philippines, South Africa and Uganda with a view to develop a set of guidelines that can assist developing countries to establish a facilitative regulatory environment for micro-insurance. The report describes the regulatory landscape in South Africa as it impacts on the delivery of micro insurance.

Philippines country diagnostic: Making insurance markets work for the poor: microinsurance policy, regulation and supervision. Philippines case study

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The Philippines has a strong mutual/cooperative tradition and informal risk pooling and underwriting is common. This, together with the growth of the microfinance industry, has been the driving force behind the development of microinsurance. Besides India, the Philippines is the only sample country where microinsurance is explicitly provided for in the insurance regulatory regime.

Microinsurance: Does traditional regulation apply?

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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.

Making insurance markets work for the poor: The case of the Philippines

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Access to insurance may be an important strategy for reducing poverty. Financial markets, and particularly insurance services, can help poor people manage critical risks such as death in the family, illness, or loss of income or property. Despite the growing importance and expansion of microinsurance services geared to low-income people, microinsurance penetration remains limited, leaving the vast majority of poor people without adequate protection.

Making insurance markets work for the poor: The case of India

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Access to insurance may be an important strategy for reducing poverty, as financial markets, and particularly insurance services, can help poor people manage critical risks such as death in the family, illness, or loss of income or property. Despite the growing importance and expansion of microinsurance services geared to low-income people, microinsurance penetration remains limited, leaving the vast majority of poor people without adequate protection.

Making insurance markets work for the poor: The case of Colombia

compucorp_admin's picture

Access to insurance may be an important strategy for reducing poverty. Financial markets, and particularly insurance services, can help poor people manage critical risks such as death in the family, illness, or loss of income or property. Despite the growing importance and expansion of microinsurance services geared to low-income people, microinsurance penetration remains limited, leaving the vast majority of poor people without adequate protection.

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