Maleika, MarcKuriakose, Anne T.2012-08-132012-08-132008-10https://hdl.handle.net/10986/11136Microinsurance (MI) can be an effective complement to existing menus of social protection programs. A flexible and powerful instrument, MI reduces vulnerability and mitigates the negative effects of external shocks on poor households. However, MI programs require well-developed institutional arrangements in order to run in an efficient and effective manner. Such conditions can be difficult to find in low-income countries. Social funds can help bridge this gap, standing as a platform to organize and deliver MI products. This social funds innovations note introduces some of the primary design principles behind MI program development, highlighting cases of best practice, and suggests how social funds can be used to deliver MI services more effectively to poor households.CC BY 3.0 IGOACCESS TO INSURANCEADMINISTRATIVE COSTSADVERSE SELECTIONAGRICULTURAL INSURANCEASSET BASESBASIS RISKBENEFICIARIESBORROWERCASH FLOWCASH MANAGEMENTCASH RESERVESCLIENT BASECLIENT BASESCOMMERCIAL BANKSCOMMUNITY INSURANCECOMPUTER KIOSKSCONSUMPTION SMOOTHINGCOOPERATIVESCOVERAGECREDIT ARRANGEMENTSCREDIT LIFE INSURANCEDEBTDEBT PAYMENTSDEFICITSDEVELOPING COUNTRIESDISASTER INSURANCEDISASTERSDUE DILIGENCEECONOMIES OF SCALEEXISTING INFRASTRUCTUREFINANCIAL INSTITUTIONSFINANCIAL PRODUCTFINANCIAL RESOURCESFINANCIAL SERVICESFINANCIAL SHOCKFINANCIAL SUSTAINABILITYGENERAL INSURANCEHEALTH CAREHEALTH INSURANCEHEALTH INSURANCE PROGRAMHEALTH INSURERSHEALTH PLANHEALTH PROGRAMSHEALTH SERVICEHUMAN DEVELOPMENTINCOMEINCOME HOUSEHOLDSINFORMAL INSURANCEINSTITUTIONAL CAPACITYINSTITUTIONAL DEVELOPMENTINSTRUMENTINSURANCE COMPANIESINSURANCE COMPANYINSURANCE MARKETINSURANCE MARKETSINSURANCE PREMIUMINSURANCE PREMIUMSINSURANCE PRODUCTINSURANCE PRODUCTSINSURANCESINSURERINTERNATIONAL LABOUR ORGANIZATIONLIFE INSURANCELIFE INSURANCE POLICYLIFE INSURANCE PRODUCTSLOANLOAN AMOUNTLOAN PRODUCTSLOAN REPAYMENTSLOCAL BANKLOCAL GOVERNMENTLOW-INCOME COUNTRIESMARKET PARTICIPANTSMICRO-INSURANCEMICROCREDITMICROFINANCEMICROFINANCE INSTITUTIONMICROFINANCE INSTITUTIONSMICROINSURANCEMITIGATIONMORAL HAZARDMORAL HAZARD PROBLEMSMORTALITYNATURAL DISASTERNATURAL DISASTERSOPERATIONAL EFFICIENCYPAYMENT OBLIGATIONSPOLICYHOLDERSPORTFOLIOPREMIUM PAYMENTSPREMIUMSPRIVATE INSURANCEPRIVATE INSURERSPRIVATE SECTORPRIVATE SECTORSPROGRAMSPROPERTY INSURANCEPUBLIC HEALTHPUBLIC-PRIVATE PARTNERSHIPRATESREGULATORSREGULATORY ENVIRONMENTREINSURANCEREINSURERSRESERVESRETURNRETURNSRISK ASSESSMENTRISK EXPOSURERISK MANAGEMENTRISK POOLINGRISK TRANSFERSAFETY NETSAFETY NETSSAVINGSSETTLEMENTSMALL ENTERPRISESOCIAL FUNDSOCIAL FUNDSSOCIAL NETWORKSSOCIAL PROTECTIONSOCIAL PROTECTION STRATEGYSOCIAL RISKSOCIAL RISK MANAGEMENTSUSTAINABILITYTECHNICAL ASSISTANCETRANSACTIONTRANSACTION COSTSTRANSFER PAYMENTSWorld Bank10.1596/11136