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Microinsurance: Insights from a Historical Approach

46 Pages Posted: 28 Jun 2010 Last revised: 2 Jul 2010

Simon Crawford-Ash

affiliation not provided to SSRN

Sachi Purcal

Macquarie University - Department of Actuarial Studies; Financial Research Network (FIRN)

Date Written: June 28, 2010

Abstract

This paper provides guidance to the microinsurance movement on how organisational structure impacts performance. We develop these insights through analysis of the Friendly Society Movement, a previously untapped and rich history of insurance for the poor. A particular structure, the Affiliated Order, provides a role model for exceptional performance in three key criteria of sustainability, popularity and impact. Every major insurer for the poor during the movement is analysed in contrast to the Affiliated Order to explore the relationship between different structural elements of an insurer and its performance.

Keywords: microinsurance, friendly societies, insurance history, poverty

JEL Classification: G22, N83, D02

Suggested Citation

Crawford-Ash, Simon and Purcal, Sachi, Microinsurance: Insights from a Historical Approach (June 28, 2010). UNSW Australian School of Business Research Paper No. 2010ACTL06. Available at SSRN: https://ssrn.com/abstract=1631470 or http://dx.doi.org/10.2139/ssrn.1631470

Simon Crawford-Ash (Contact Author)

affiliation not provided to SSRN

No Address Available

Sachi Purcal

Macquarie University - Department of Actuarial Studies ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Financial Research Network (FIRN) ( email )

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

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