Centro de Documentacion de Fundación MAPFRE - Microinsurance and household asset welfare in South Africa

MAP20210031748

Microinsurance and household asset welfare in South Africa / Abdul Latif Alhassan, Noluyolo Magazi

Sumario: This paper examines the effect of microinsurance usage on household asset welfare, measured as asset accumulation index using a sample of 2006 households with access to formal non-banking and informal financial services from the 2015 FinScope Survey. Using the treatment effect and instrumental variable estimation techniques to account for endogeneity and selection biases, the empirical results support the hypothesis that microinsurance provides financial protection through asset accumulation to improve welfare. The findings are robust for different types of microinsurance products and weighted and unweighted asset accumulation indices. The policy implications of the findings are discussed

En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 01/07/2021 Volumen 46 Número 3 - julio 2021 , p. 358-382

1. Mercado de seguros . 2. Productos de seguros . 3. Microseguros . 4. Seguro multirriesgo del hogar . 5. Sudáfrica . I. Magazi, Noluyolo . II. Título.