News
Two new research papers from the Microinsurance Innovation Facility
ILOs Microinsurance Innovation Facility
Ashish Singh, Sarthak Gaurav and Thiagu Ranganathan
The paper looks into the social context within which risk attitudes are formed and participation decisions are made, using microdata from rural households in Gujarat, India. Both caste affiliation and social interaction are found to significantly affect the risk attitudes of farmers. Furthermore, social interaction seems to have a significant influence on the adoption of rainfall insurance.
The Demand for Micro-Insurance: A Literature Review
Ombeline De Bock and Wouter Gelade
Why are demand and renewal rates for microinsurance so low despite the important protection it may offer? To address the puzzle this paper provides a selective overview of the current state of research on demand for microinsurance. It first looks at the theoretical research and then reviews the empirical evidence on the factors influencing demand for insurance.