Resource

The role of micro-insurance as a tool to face risks in the context of social protection

  • English
ILO-STEP, GTZ
2006
64
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Summary (French)

There is a growing interest for risk management and extension of social protection in the context of poverty reduction strategies in developing countries. This interest is materialized by a number of initiatives that involve civil society organizations. Among these initiatives micro-insurance plays a role on both sides: it is certainly a risk management instrument; but it can also be used as a tool to extend social protection.
As micro-insurance is too often put in place without a thorough assessment, this instrument is usually not complementing in the most effective way other existing strategies and mechanisms to face risks and to extend social protection, causing a limited impact or sometimes even wasting the scarce resources of the people, most of them being poor. The present document has been produced to reduce this gap of knowledge on the add-value, strengths and limitations of micro-insurance as a tool to face risks within the extension of social protection.
This document was jointly produced by the Strategies and Techniques against social Exclusion and Poverty programme (STEP) of the Social Protection Sector of the ILO and the Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ).

Note

Draft, May 2006

Guide / manual 8287
06.07.2011