Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/315596 
Year of Publication: 
2024
Citation: 
[Editor:] Tavares, Aida Isabel [Title:] Health Insurance Across Worldwide Health Systems [ISBN:] 978-0-85466-213-5 [DOI/URN:] doi:10.5772/intechopen.111254 [Publisher:] IntechOpen [Place:] London [Year:] 2024 [Pages:] 1-26
Publisher: 
IntechOpen, London
Abstract: 
This chapter offers a detailed analysis of microinsurance (nowadays often called “inclusive insurance”), an innovative hybrid model combining grassroots initiatives with top-down approaches to reach populations not covered by government-operated social protection systems. With half of the global population, primarily in low and middle-income countries, lacking social protection, the chapter focuses on the potential of microinsurance to address this pressing issue. The commercial microinsurance attempts, often labeled as “insurance for the poor,” have been largely insufficient. An alternative lies in the “Collaborative and Contributive” (C&C) model of microinsurance, which harnesses social forces, typically more compelling than market forces in informal settings, to stimulate demand. The chapter evaluates microinsurance’s social and economic impacts, drawing insights from 25 years of progress. It underscores the need for policymakers, international development bankers, and the reinsurance industry to recognize the potential of the C and C model in providing comprehensive insurance to marginalized populations.
Subjects: 
Microinsurance
Social protection
Informal sector
Collaborative and Contributive model
Health insurance
Financial inclusion
Risk pooling
Community-based health insurance
JEL: 
I13
O17
O19
I38
D71
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Book Part
Document Version: 
Published Version
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