Community based insurance schemes are widespread throughout the world and exist in different forms. They are an important tool to overcome gaps in the supply, caused by either lack of trust in conventional insurers, absence of any insurance coverage or inadequate processes or products. When engaging in innovative partnerships with conventional insurers, win-win situations can be created: enhanced financial stability of community based insurers and access to new markets for conventional insurers. If the autonomy of the community- based insurers is respected, their advantages of higher trust and proximity as well as local ownership can be retained, and a more responsive insurance sector can develop to serve the poor.
 
Ralf Radermacher
ralf@mia.org.in
Iddo Dror
iddo@mia.org.in
Directors - Micro Insurance Academy
New Delhi, India