Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2014 Update

Eling, Martin; Jia, Ruo

doi:10.1111/rmir.12072

Cited by 1 publication

(1 citation statement)

References 77 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…These cases motivate why small and micro business microfinance has wider societal impacts than simply the economic improvement of people, and why the establishment of legitimate and sustainable microfinance channels is a necessity. The topic of microinsurance was discussed by Eling and Jia (2017) in their Casualty Actuarial Society Risk Premium Update noting, “the demand for microinsurance is inconclusive”. The article noted a recent contribution by Banerjee et al (2014) who found little demand for microinsurance in India using a randomized control trial.…”

Section: Challenges In Developing Sustainable Microfinancementioning

confidence: 99%

Managing risk for sustainable microfinance

Knewtson

2019

JRF

View full text Add to dashboard Cite

Purpose The purpose of this paper is to provide an insurance framework to address the challenge of managing default risk for lenders providing credit to small and micro businesses. Design/methodology/approach A theoretical model is developed showing how mircrofinance lenders can better manage the default risks of small and micro businesses, which assists lenders in sustainably providing affordable microfinance. Findings The model explains how to determine the feasible range of insurance premiums to advise lenders on the appropriate price for microinsurance protecting against small and micro business default. This will enable microfinance institutions to better manage default risk, and thereby provide sustainable and accessible microfinance assistance to small and micro businesses. Social implications The need for microfinance is essential to support small and micro businesses. The insurance framework assists financial institutions in managing default risk of small and micro businesses, enhancing sustainability of these critical financing channels, and supporting the economic development of society in both the developed and developing worlds. The insurance framework proposed will help both policymakers and financial institutions to make better economic decisions, thereby serving small and micro businesses. Originality/value This is the first study in the area of microfinance to propose a way to solve the challenge of providing sustainable mircrofinance services and mitigating small and micro businesses’ difficulty in receiving the financial help they need.

show abstract

Section: Challenges In Developing Sustainable Microfinancementioning

confidence: 99%

Managing risk for sustainable microfinance

Knewtson

2019

JRF

View full text Add to dashboard Cite

show abstract

Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2014 Update

Cited by 1 publication

References 77 publications

Managing risk for sustainable microfinance

Managing risk for sustainable microfinance

Contact Info

Product

Resources

About