Beninese and ethiopian informal insurance groups: A comparative analysis

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    5 Citations (Scopus)

    Abstract

    Informal insurance groups have been created in many poor regions in response to a risky environment typical of developing countries. Drawing on original datasets from Benin and Ethiopia, this article provides empirical evidence describing the various forms these indigenous institutions take. While their principal role has been to provide indemnities for funeral expenses, they also cater for a wide range of shocks. The article finds striking resemblances in group structures and types of coverage offered, suggesting that households for whom the costs of formal insurance contracts are prohibitive tend to deal with risk in a comparable way. Dissimilarities may reflect different local household structures or the extent to which these groups are advertised and known to the public. © 2009 Overseas Development Institute.

    Original languageEnglish
    Pages (from-to)333-347
    Number of pages15
    JournalDevelopment Policy Review
    Volume27
    Issue number3
    DOIs
    Publication statusPublished - 2009

    Keywords

    • Benin
    • Community-based insurance schemes
    • Ethiopia
    • Indigenous risk-sharing schemes

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