A holistic approach to dealing with climate risks— one that includes but is not limited to insurance— is needed to help vulnerable communities become more resilient.

This is Milliman’s first Microinsurance Supply-side Study of Asia, gathering the perspectives of the insurance industry regarding the importance of microinsurance, current practices and the enabling environment.

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.