Microinsurance In Fiji
800,000 uninsured Fijians are vulnerable to unexpected financial expenditures related to deaths, health emergencies, and crop failures. This report evaluates the demand for microinsurance among the members of four potential distribution partners based in Fiji: Partners in Community Development Fiji (PCDF), the Catholic Church of Fiji, the Fiji Muslim League, and Then India Sanmarga Ikya Sangam (TISI Sangam). Qualitative and quantitative research methods were used, in the form of focus group discussions, key informant interviews, and surveys. This study shows that demand for new insurance products does exist and provides proof of significant opportunities for insurance growth.
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Micro-insurance is being considered as one of the options for addressing the vulnerability of the poor and is being experimented world-wide. The successes of micro-insurance, in a limited way, have been observed in matured micro-finance markets, such as in India and Philippines. In the sparsely populated Pacific Island Countries (PIC), micro-finance markets are in its...
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