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Pricing in Microinsurance Markets

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  • Biener, Christian

Abstract

Microinsurance markets have exhibited strong growth rates in recent years. Great parts of the industry are, however, challenged by fundamental issues of providing insurance products, one of the most significant of which is pricing risk. In this paper, we provide a nontechnical analysis of insurance pricing problems and a review of the set of opportunities that can address some of the specific pricing constraints in microinsurance markets. A key contribution of this paper is the investigation of conventional techniques as potential solutions for improving the pricing of insurance risk in microinsurance markets.

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  • Biener, Christian, 2013. "Pricing in Microinsurance Markets," World Development, Elsevier, vol. 41(C), pages 132-144.
    • Handle: RePEc:eee:wdevel:v:41:y:2013:i:c:p:132-144
    DOI: 10.1016/j.worlddev.2012.05.028
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    4. Landmann, Andreas & Biener, Christian & Eling, Martin & Santana, Maria Isabel, 2015. "Contract Nonperformance and Ambiguity in Insurance Markets," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113050, Verein für Socialpolitik / German Economic Association.
    5. Zhiwei Shen & Martin Odening & Ostap Okhrin, 2016. "Can expert knowledge compensate for data scarcity in crop insurance pricing?," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 43(2), pages 237-269.
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    7. Shirley J. Ho & Hsiu-Hao Hsu, 2021. "The effect of microinsurance on the insurance market: evidence from Taiwan," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(1), pages 130-145, January.
    8. Inmaculada Peña-Sanchez, 2019. "Applying the Tweedie model for improved microinsurance pricing," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(3), pages 365-381, July.
    9. Takahashi, Kazushi & Ikegami, Munenobu & Sheahan, Megan & Barrett, Christopher B., 2016. "Experimental Evidence on the Drivers of Index-Based Livestock Insurance Demand in Southern Ethiopia," World Development, Elsevier, vol. 78(C), pages 324-340.
    10. Biener, Christian & Landmann, Andreas & Santana, Maria Isabel, 2019. "Contract nonperformance risk and uncertainty in insurance markets," Journal of Public Economics, Elsevier, vol. 175(C), pages 65-83.
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