Assessment of Microinsurance as Emerging Microfinance Service for the Poor

The Case of the Philippines

Business & Finance, Industries & Professions, Insurance, Personal Finance, Money Management
Cover of the book Assessment of Microinsurance as Emerging Microfinance Service for the Poor by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789290929567
Publisher: Asian Development Bank Publication: March 1, 2013
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789290929567
Publisher: Asian Development Bank
Publication: March 1, 2013
Imprint: Asian Development Bank
Language: English

The Asian Development Bank (ADB) has been one of the few active partners for microfinance development in the Philippines. It has contributed to the growth of formal microfinance activities, including expanding the outreach of diversified formal financial services to poor clients at the most affordable costs. The risk of making poor clients worse off because of unexpected events gave rise to the formation of ADB’s intervention focusing on microinsurance development. This report provides the initial sector assessment on emerging microinsurance activities and hopefully guidance on the way forward.

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The Asian Development Bank (ADB) has been one of the few active partners for microfinance development in the Philippines. It has contributed to the growth of formal microfinance activities, including expanding the outreach of diversified formal financial services to poor clients at the most affordable costs. The risk of making poor clients worse off because of unexpected events gave rise to the formation of ADB’s intervention focusing on microinsurance development. This report provides the initial sector assessment on emerging microinsurance activities and hopefully guidance on the way forward.

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