mikrokindlustus
mikrokindlustus is the Finnish term for microinsurance, a form of insurance designed to provide coverage for low-income or marginalised populations who typically do not have access to conventional insurance products. The concept was introduced in the early 2000s as part of broader efforts to improve financial inclusion and risk management in developing economies. Microinsurance aims to address the unique needs of these populations by offering small coverage amounts, low premiums, and simplified claim processes, often with a focus on health, life, livestock, home, or crop protection.
In many countries, microinsurance is delivered through partnerships between non‑governmental organisations, community groups, and insurers. Distribution
Key characteristics that distinguish microinsurance from conventional insurance include lower coverage limits, cheaper premium schedules, and
Although challenges such as information asymmetry, limited financial literacy, and distribution costs remain, microinsurance has proven