Microinsurance: It Works but Nobody Wants It

October 21, 2010

Philanthropy Action

Tim Ogden, of Philanthropy Action, highlighted CFSP member Chris Udry and his compelling work on the use of microinsurance.  Ogden noted the various benefits of holding microinsurance, which can provide aid to the poor in developing countries during various shocks, but noted that microinsurance has often struggled to find eager buyers.  Studies like Udry's in Ghana suggest promising results for the poor buying into plans.  “The really exciting thing about Udry’s research is the significant benefits participants achieved,” writes Odgen.