Impact Insurance Working Paper #11: A business case for microinsurance: an analysis of the profitability of microinsurance for five insurance companies

Is there a business case for microinsurance? Under what circumstances can insurance companies generate profits from microinsurance? These are important questions because insurers are increasingly interested to expand into the low-income market. To encourage this expansion, microinsurance initiatives need to demonstrate that they are commercially viable and sustainable over time. This paper assesses the business case for microinsurance through case studies of five microinsurance initiatives.