“Microinsurance that Works for Girls: Making Microinsurance Packages Gender-Delicate” introduces the ground-breaking work that Girls’s World Banking has finished on creating microinsurance packages tailor-made to the distinctive wants of ladies.
By way of in depth market analysis carried out from 2003 to 2008 in eight nations spanning South Asia, Northern and Sub-Saharan Africa, the Center East, Jap Europe, and Latin America, Girls’s World Banking has noticed that poor ladies are particularly susceptible to dangers associated to well being, earnings technology, outdated age, and dying. Girls’s World Banking has additionally discovered that ladies are sometimes the caregivers of their households and are typically chargeable for managing the well being dangers of their relations, which frequently entails further prices, akin to transportation to and from medical amenities and misplaced earnings on account of having to divert time away from income-generating actions. This publication explores how microinsurance might be designed and delivered to assist them handle these dangers and prices and contribute to poverty alleviation.
Developed by way of a partnership with the Zurich Insurance coverage Firm and the Microinsurance Centre and revealed by the Worldwide Labour Group’s Microinsurance Innovation Facility, the publication goals to catalyze a dialogue amongst microfinance practitioners, donors, and the educational neighborhood on the necessity for gender-sensitive microinsurance.
With further assist from the ILO, Girls’s World Banking and Zurich will likely be launching a caregiver microinsurance product to profit shoppers of Girls’s World Banking community member, Microfund for Girls in Jordan. The primary of its type, the product will present reasonably priced medical insurance together with predefined advantages for caregivers throughout hospitalization.
Authors: Anjali Banthia, Susan Johnson, Michael J. McCord, and Brandon Mathews
