Micro-insurance for inclusive insurance in Tanzania

As indicated above, distribution of product cover signals poor outreach of current offerings in rural areas. For instance, crop insurance has less than 0.05% of coverage, yes, it is a global trend that within the spectrum of microinsurance products, agriculture and health are among the more complex. However, a few insurers recognise the value of providing cover for the agricultural risks faced by smallholder farmers. They have innovated in both product design and distribution to make access to agriculture insurance products possible. Health microinsurance is also undeveloped, and some of the challenges highlighted for this include the quality of health care providers, where more needs are done. And finally, it is good noting that some financial institutions facilitate the development of microinsurance through marketing, distribution as well as serving as premium collection and claims payment points. These include banks, microfinance institutions, mobile money transfer providers, saccos, etc.

Micro-insurance for inclusive insurance in Tanzania

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