...point, insurance becomes a more effective method of risk management. MICRO-INSURANCE-THE NEW CHALLENGE Micro-insurance is the protection of low-income people...the costs of a risky event. To serve poor people, micro insurance must respond to their priority needs for risk protection (depending on the market,...

...non-productive assets. A relatively new option for the working poor to manage risk is "microinsurance." Microinsurance is the protection of low-income people against specific perils in exchange for regular premium payments proportionate to the likelihood and cost of the risk involved. Microinsurance reaches...