Recent research suggests that the reason insurance products provided to people on low incomes in developing countries have not attracted many buyers is that the products are poor, and insurers often do not pay claims. Some recommendations to improve the value and uptake of insurance products are made.
Clarke, D.; Toews, G. iiG Briefing Paper 17. Insurance products for the poor should not be poor products. CSAE Economics Department, University of Oxford, Oxford, UK (2011) 2 pp.