Microinsurance

Regulating Microinsurance in Sri Lanka: Striking a Balance

Although microinsurance is considered a tool for addressing gaps in insurance coverage and a means of improving social safety nets in the country, the absence of a clear focus on microinsurance within insurance legislation continues to be an impediment. In this context, this article examines whether regulating microinsurance is a necessity or whether it could discourage the industry’s progress.

Microinsurance in Sri Lanka: Big Opportunities, Small Outreach

Even though most Sri Lankans, especially those in poor and rural communities, are vulnerable to various types of risks, the demand for insurance is significantly low. This article by Manoj Thibbotuwawa examines microinsurance as an alternative to regular insurance and provides recommendations to make microinsurance schemes more viable in Sri Lanka.