Exploring the Role of Microinsurance in Financial Inclusion
A Tanzanian Case Study
Bibliographic Data
| ID | 21751399 |
|---|---|
| Authors | Deogratius Joseph Mhella (0000-0002-2147-0779, University of Bristol, corresponding author) |
| Year | 2024 |
| Volume | 22 |
| Issue | 5-6 |
| Pages | 321-368 |
| Publication date | 2024-06-26 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Perspectives on Global Development and Technology (JOURNAL) |
| Journal identifiers | ISSN: 1569-1497 • E-ISSN: 1569-1500 |
| Publisher | Walter de Gruyter GmbH (PUBLISHER • DE) |
| DOI | 10.1163/15691497-12341665 |
| OpenAlex | W4401177401 |
| Language | EN |
| Citations received | 1 |
| References cited | 12 |
The study addresses a significant gap in the literature by investigating the relationship between microinsurance and financial inclusion in Tanzania, mainly focusing on the role of digital financial services. Although some literature and knowledge exist that explain microinsurance and financial inclusion, what remains unexplained in terms of contribution to knowledge is the specific nuances or mechanisms through which digital financial services facilitate access to microinsurance and how microinsurance contributes to financial inclusion. This research bridges this gap to some extent. While other studies mention that digital financial services have opened doors for low-income individuals to access microinsurance and that microinsurance has promoted financial inclusion by offering affordable products, they do not delve into the specific mechanisms or strategies employed to achieve these outcomes. To bridge the gap, the research gathered data through in-depth unstructured interviews, and thematic analysis was employed for data analysis. The study’s findings suggest that digital financial services play a significant role in shaping microinsurance opportunities in Tanzania, mainly by providing access to low-income and financially excluded individuals. These findings underscore the positive impact of microinsurance services on financial inclusion, emphasizing the importance of accessible and affordable financial services for marginalized individuals. Moreover, the principle of risk mutualization has been used to provide the theoretical underpinning of the study, and it extends beyond financial transactions to include building awareness and understanding of microinsurance and risk management
Business · Development economics · Economic growth · Economics · Financial inclusion · Financial services · Financial system · Labour economics · Microfinance · Microinsurance · Poverty · Public economics · Social science · Socioeconomics · Sociology · Tanzania · Agricultural risk and resilience · Economic Growth and Development · Microfinance and Financial Inclusion · Finance
Theory of games and economic behaviour
Inclusive Insurance, Income Distribution, and Inclusive Growth
Vulnerability, seasonality and poverty in Ethiopia
Measuring Poverty in a Growing World (or Measuring Growth in a Poor World)
The Demand for Microinsurance
Poverty Traps and Natural Disasters in Ethiopia and Honduras
Cognitive bias in insurance
Micro‐insurance
The Truncated Commercialization of Microinsurance and the Limits of Neoliberalism
| Citations per year | 1 |
|---|---|
| Citation span | 2025 - 2025 (1) |
| Highly cited | No |