Why People Don’t Buy Microinsurance

Low demand of microinsurance is often attributed to a lack of understanding of microinsurance concepts and products. Poor understanding, however, is only part of the problem. Many other factors influence a household’s decision to buy microinsurance. 

New evidence from a review of more than 30 quantitative and qualitative studies reveals trust, liquidity constraints, the client value proposition and behavioral constraints to be the most important determinants of demand.

5 Reasons why we need financial services for the poor

Ten years since the United Nations’ International Day of Microcredit and nine years since Muhammad Yunus and the Grameen Bank won the Nobel peace prize, microfinance is more relevant today to international development than it has been at any other point.

Pending the adoption of the Sustainable Development Goals (SDGs), we are confronted with the ‘historic responsibility’ of trying to concert global action to ensure the dignity, shared prosperity, and secured future well-being of people and the planet.