Disaster microinsurance for pro-poor risk management: Evidence from South Asia

Hochrainer-Stigler S, Sharma RB, & Mechler R (2012). Disaster microinsurance for pro-poor risk management: Evidence from South Asia. Journal of Integrated Disaster Risk Management 2 (2) DOI:10.5595/idrim.2012.0033.

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Abstract

This paper offers a large empirical cross-country assessment of the impact of disaster microinsurance in the South Asia region capitalizing on the prevalence of disaster-prone communities, many of which are mixes of both households with and without disaster microinsurance. Overall, the results of this study show that there is interest in and willingness to pay for disaster microinsurane programs. The products are reaching poor clients, many who are below the poverty line, highly in debt and employ limited and difficult coping mechanisms after disasters. However, findings have shown difficulties with the claim process and inadequate total coverage with a number of individuals borrowing additional funds from money lenders, friends, and family. In addition, there seems to be a need to review products and potential clients in communities to ensure that although "the poor" are being served, "poorer than the poor" are not being excluded due to costs and information barriers.

Item Type: Article
Uncontrolled Keywords: Microinsurance; Impact assessment; Cross-country study; South Asia region
Research Programs: Risk, Policy and Vulnerability (RPV)
Risk & Resilience (RISK)
Bibliographic Reference: Journal of Integrated Disaster Risk Management; 2(2) (21 November 2012)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:46
Last Modified: 08 Sep 2016 07:35
URI: http://pure.iiasa.ac.at/9851

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