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Microinsurance: Providing Profitable Risk Management Possibilities for the Low-Income Market

In: New Partnerships for Innovation in Microfinance

Author

Listed:
  • Michael J. McCord

    (The MicroInsurance Centre)

Abstract

Insurers have hardly touched a massive potential demand for specialised insurance products in the developing world’s low-income markets. The demand for appropriate risk management services offers insurance companies an opportunity to expand this market greatly by treating it as a specialised niche rather than as a development activity. This perspective can lead to profitable operations for insurers and can make a dramatic impact on the development of this low-income market.

Suggested Citation

  • Michael J. McCord, 2009. "Microinsurance: Providing Profitable Risk Management Possibilities for the Low-Income Market," Springer Books, in: J. D. Pischke & Ingrid Matthäus-Maier (ed.), New Partnerships for Innovation in Microfinance, pages 266-285, Springer.
    • Handle: RePEc:spr:sprchp:978-3-540-76641-4_16
    DOI: 10.1007/978-3-540-76641-4_16
    as

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