This study assesses the state of microinsurance in the country, identifies the players and their performance, and the challenges facing microinsurance development. The term micro pertains to the capacity of a program to handle the small, sometime irregular cash flows of poor households, who have...

We use a two factor model of life insurer stock returns to measure interest rate risk at U.S. and U.K. insurers. Our estimates show that interest rate risk among U.S. life insurers increased as interest rates decreased to historically low levels in recent years. For life insurers in the U.K., in...

We use data from the Survey of Consumer Finance and Survey of Income Program Participation to show that young households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable macroeconomic model with human capital risk, age-dependent...