Microinsurance: Revolutionizing Financial Inclusion for Millions of Poor People
Microinsurance is a type of insurance designed for poor people, offering low-cost coverage with fewer benefits. While microcredit is common in developing countries, microinsurance has not received as much attention. Microfinance has shown that even the poor can be creditworthy if organized in small groups. This article compiles a list of literature on different aspects of microinsurance, highlighting its potential to help millions of impoverished individuals.