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Protecting the Working Poor, Annual Report 2011 (E-Book version)

Annual Report 2011

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E-Book version of the
Annual Report 2011
for iOS compatible devices - (epub 161 MB)


The poor are more vulnerable to risks and economic shocks than the rest of the population. They are also the least able to cope when a crisis occurs. Development efforts tend to focus on strategies to boost incomes, build assets and create jobs, but it is important to recognize that gains can quickly be lost when at risk households experience difficulty. Poor households can easily lose any gains they may have made in improving their lot in life if they experience illness, a death in the family or other crises, and they may be worse off than they were before. In this context, microinsurance, the provision of insurance to low-income people, is one development tool that can aid low-income people to manage risks, reduce vulnerability and sustain productivity.

"Since 2008, we have seen numerous innovations emerging to overcome the challenges of providing viable insurance services to more low-income people. The number of microinsurance schemes worldwide has increased substantially and reaches an estimated 500 million worldwide" says Craig Churchill, Team Leader of the ILO's Microinsurance Innovation Facility. "Efforts now should focus on increasing effectiveness so that insurance products can successfully reduce their vulnerability ".

Microinsurance is unlikely to break the cycle of poverty by itself, but it is a valuable tool in the poverty alleviation toolkit. When coupled with social protection, risk prevention and mitigation, and supplemented by other risk-managing financial services such as savings and emergency loans, microinsurance can play a critical role at multiple levels to efficiently manage risks, reduce vulnerability and contribute to poverty alleviation.

This is the fourth Annual Report of the Microinsurance Innovation Facility, launched in 2008 by the International Labour Organization (ILO) with the support of the Bill & Melinda Gates Foundation but the first one to be released as an E-book. The first part outlines the emerging trends in microinsurance, while the second looks at the insights that the Facility has gained about microinsurance over the past 4 years. The Annexes provide details on the Facility's partners, including grantees, and on the knowledge dissemination and professional development activities implemented during the year.

Instructions to download the E-Book: Download the file on your desktop. It is a large file so this may make take a few minutes. Once downloaded, plug in your tablet or smart phone via the USB port on the computer. iTunes will load up as soon as the device is plugged in. When iTunes had finished loading, click and drag the eBook file from your desktop straight into iTunes where your device is shown. The eBook file will be in the iBookstore app. Touch to open the eBook.
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Last update: 30.04.2012 ^ top