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Micro-insurance

Behind low rates of participation in micro-insurance: a misunderstanding of the insurance concept?

Jed Friedman's picture
Micro-insurance pilot programs begin with grand hopes that the target population will enroll and obtain program benefits, but many are disappointed that after much planning and effort so few actually take up the program. Apparently take-up rates greater than 30% are rare and often do not exceed 15%. Furthermore, only a fraction of beneficiaries choose to renew their participation after the initial enrollment period.