Martin Eling|Shailee Pradhan|Joan T. Schmit
The Determinants of Microinsurance Demand
University of St. Gallen|University of St. Gallen|University of Wisconsin–Madison
purpose article structure extant knowledge determinants microinsurance demand manner achieves several outcomes first offer specific economic structure review use outrevilles insurance demand framework second identify key questions arise structuring material way particular attempt clarify critical open questions microinsurance demand use outrevilles framework third comparison literature traditional insurance demand identify opportunities understand microinsurance market better also traditional market achieve outcomes review academic literature microinsurance demand published 2000 early 2014 compare results evidence literature regarding traditional insurance markets review identifies 12 key factors affecting microinsurance demand highlights research focused role contract performance including basis risk quality trust financial literacy informal risksharing mechanisms may fruitful expanding microinsurance markets