Insurance, Credit and Safety Nets for the Poor in a World of Risk
This paper asks how insurance can be more effectively delivered to the poor, and what its role should be relative to other microfinance programmes, safety nets and informal insurance systems. We focus on the various interactions, including how insurance may crowd out credit and informal insurance, and implications for the design of insurance schemes. We argue that well-designed insurance schemes, building on existing informal systems, and focusing on catastrophic and serious covariate risks, could offer protection against risk and contribute to poverty reduction beyond the combined impact of microcredit programmes, safety nets and existing informal mutual support systems.
Year of publication: |
2009-10
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Authors: | Clarke, Daniel ; Dercon, Sefan |
Institutions: | Department of Economic and Social Affairs, United Nations |
Subject: | Risks | Microcredit | Microinsurance | Safety nets |
Saved in:
freely available
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | 18 pages |
Classification: | G21 - Banks; Other Depository Institutions; Mortgages ; G22 - Insurance; Insurance Companies ; O16 - Financial Markets; Saving and Capital Investment ; O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements |
Source: |
Persistent link: https://www.econbiz.de/10008544686
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