Trends and drivers to reaching scale in microinsurance: A Cenfri review

Achieving scale is a significant success factor for microinsurance schemes, as low premiums with high costs require substantial volumes to make an initiative sustainable; however, to achieve scale is difficult.

In an effort to identify lessons that support practitioners, the ILO’s Microinsurance Innovation Facility commissioned the Centre for Financial Inclusion and Regulation (Cenfri) to review microinsurance initiatives that have achieved scale to identify and understand their trends and drivers in scale. Microinsurance Paper #30 analyzed 95 Initiatives that achieved scale and evaluated 8 case studies in detail to understand what drives scale.