Microinsurance

Microinsurance (English microinsurance schemes ) offer poor households, especially in developing countries protection against elementary risks. Poor households are exposed compared to the total population usually more risks such as illness, accident or loss of property, and thus more dependent on insurance services. Due to the economic attractiveness of small but they are not served by traditional insurance companies.

It is a relatively new microfinance service, the classic business segments such as micro-credit and savings services to micro supplemented. Microinsurance are often so-called theme as allocations under Base of the Pyramid business models, which aim at a successful inclusion of hitherto largely neglected population in business value chains.

Products and methods

Selected products are

• Secure the repayment rates of loans
• Life Insurance / Emergency Funds
• Health insurance
• Crop protection
• Insurance of cattle (English livestock insurance )