The value of microinsurance in emerging markets

Michael McCord, managing director of the MicroInsurance Centre at Milliman, discusses parametrics in microinsurance.

Many actuaries are involved in microinsurance initiatives in Africa. They are making valuable and cost-effective contributions in helping to assess renewal expectations and in analyzing premium rates and the demographic profiles of collectively priced groups.

What is the microinsurance market like in China and how is it defined? Learn its link to rural development and poverty alleviation, and what the next 10 years might look like for the market.

This report supplies a foundation for understanding the evolving role of technology in microinsurance, as well as its potential impact on insurance and the actuarial profession.