Microinsurance Study: The Understanding and Needs of Low-Income Populations regarding Microinsurance02 Dec 2013
Cambodia’s microinsurance industry is relatively new. To support the industry’s development, the United Nations Development Programme (UNDP) will assist the Royal Government of Cambodia in assessing the demand for and understanding of microinsurance products among rural low-income households. The development of microinsurance can bring a number of advantages to both citizens and governments. These include assisting in welfare provision where government budgets are scarce and reducing the amount of/effects of time and agricultural production lost to illness, thereby contributing to improved economic growth.