Insurance for the Poor: the Case of Informal Insurance Groups in Benin

Insurance for the Poor: the Case of Informal Insurance Groups in Benin

Author: 
Lemay-Boucher, Philippe
Publisher: 
Taylor & Francis
Date published: 
2012
Record type: 
Journal Title: 
Journal of Development Studies
Source: 
The Journal of Development Studies, Vol. 48, Issue 9, September 2012, pp. 1258-1273
Abstract: 

This article studies indigenous insurance groups using evidence from urban areas in Benin. Many of these informal institutions co-exist within neighbourhood distance. They are based on well-defined rules and regulations, offering premium-based insurance for funeral expenses, as well as other forms of insurance and credit to cope with hardships. We first provide a description of these groups. We then investigate, with the help of an original dataset, which individual characteristics are significant in explaining both the likelihood of joining such groups and the choice of insurance coverage.

Language: 
Country focus: 

CITATION: Lemay-Boucher, Philippe. Insurance for the Poor: the Case of Informal Insurance Groups in Benin . : Taylor & Francis , 2012. The Journal of Development Studies, Vol. 48, Issue 9, September 2012, pp. 1258-1273 - Available at: http://library.au.int/insurance-poor-case-informal-insurance-groups-benin-4