Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/126754 
Year of Publication: 
2008
Series/Report no.: 
PIDS Discussion Paper Series No. 2008-27
Publisher: 
Philippine Institute for Development Studies (PIDS), Makati City
Abstract: 
Illness or injury, death of a family member, man-made calamities and natural disasters have a devastating effect on those poor households' cash flow, liquidity, and earning capacities and thus, on household welfare. Demand for microinsurance products is growing in view of continuing risks to household welfare and the seeming inability of the government to address this issue. This study seeks to provide a better understanding of the microinsurance market in the Philippines and to draw certain principles for microinsurance regulation from a review of the Philippine experience with microinsurance. The study describes how policies, legal, regulatory, and supervisory framework governing insurance have shaped the development of the market and vice versa. The Philippine experience on the provision of microinsurance services and the interaction between the insurance providers and the regulator may help inform the development of certain principles for microinsurance regulation.
Subjects: 
moral hazard
microinsurance
catastrophic events
market conduct regulation
product regulation
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.