The landscape of microinsurance in Asia and Oceania 2013

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Microinsurance in Asia and Oceania is growing fast. A number of governments such as India, Indonesia and the Philippines have started developing a regulatory framework to facilitate the development of innovative solutions. As more and more stakeholders see the potential of microinsurance for the insurance industry and for economic development in the region, the demand for detailed data on the status of microinsurance grows. However, until now, only sparse information on the latest trends, main growth drivers and key market development topics has been available.

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With this first study on “The Landscape of Microinsurance in Asia and Oceania”, published by the Munich Re Foundation and the GIZ-RFPI programme, the blank spots in Asia on the “World Map of Microinsurance” are now filled. We are very proud that this truly important milestone in the quest to improve access to insurance for the poor has been reached. The findings will assist in the development of local and regional strategies to increase outreach by identifying markets with a high potential for microinsurance. This includes substantial demand as well as interest on the part of the insurance industry and the governments.

The study is the continuation and complementation of the first landmark study, “The Landscape of Microinsurance in the World’s 100 Poorest Countries” published in 2006, and its successors, and provides an overview of Africa, Latin America and the Caribbean. The pioneering research carried out by the MicroInsurance Centre, the ILO/Microinsurance Innovation Facility and other organisations has laid the foundations for this latest publication.

Date of publication: 2014
Language: English
Order No.: 302-80302                                                     

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The landscape of microinsurance in Asia and Oceania 2013

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> Dirk Reinhard