Can mobile microinsurance leapfrog traditional insurance models?
Over the past few years, the growth of mobile-enabled microinsurance has offered cover to millions of previously uninsured people against unpredictable financial shocks and other debilitating life events. With 67 percent of the global population subscribed to mobile, mobile-enabled microinsurance has the potential to leapfrog traditional insurance models by reaching and insuring the under-insured.
This publication is the second in a series of insight papers exploring selected topics based on the findings of the 2017 State of the Industry Report on Mobile Money. It provides an overview of the mobile-enabled microinsurance industry, to support broader industry stakeholders to increase the utility and sustainability of mobile financial services.