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Microinsurance in the context of social protection : overcoming the barriers of economic growth and development
Mini Dissertation (LLM (Insurance Law))--University of Pretoria, 2020.
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| Other Authors: | |
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2021
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| _version_ | 1867613509512069120 |
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| access_status_str | Open Access |
| author2 | Grove, N.J. |
| author_browse | Grove, N.J. |
| author_facet | Grove, N.J. |
| collection | Thesis |
| dc_rights_str_mv | © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (LLM (Insurance Law))--University of Pretoria, 2020. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/78866 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:37:16.787Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/78866 Microinsurance in the context of social protection : overcoming the barriers of economic growth and development Grove, N.J. EILEN.ACKERMAN@GMAIL.COM Ackerman, Eileen UCTD Insurance Law Mini Dissertation (LLM (Insurance Law))--University of Pretoria, 2020. Many South Africans, especially those with low incomes, remain excluded from the formal financial services and products market, ironically so, as these low-income households are more exposed to unforeseen economic shocks and being unable to recover from the unexpected financial impact thereof. Low-income households live in more risky environments and are vulnerable to numerous financial threats. They are also the least able to cope when a crisis present itself as they are the least likely to have any savings to deal with these crises. Vulnerability and poverty causes a downwards spiral of misfortune when reinforcing each other. Microinsurance has been considered as the next revolution in addressing the vulnerability and risk of low-income households in developing countries such as South Africa. Huge investments have been made by development agencies in an attempt to break the circle of poverty by offering reliable protection to the poor. A well-designed regulatory framework is important for the efficient and effective provision of microinsurance. Significant steps have been taken in an attempt to formalise the insurance sphere and to make provision for microinsurance. The question now arises, will microinsurance be a useful tool to include the low-income market in to the financial insurance industry and will microinsurance be profitable for insurers, taking in to consideration the cost and expenses of insurers due to over regulation and requirements by various legislation versus the applicable caps prescribed in the policy framework for microinsurance products? Ubuntu-Batho Community Development Trust, an organisation established by Mr Patrice Motsepe and his partner Dr Johan van Zyl Mercantile Law LLM (Insurance Law) Unrestricted 2021-02-26T12:10:16Z 2021-02-26T12:10:16Z 2021-05-24 2020-12-30 Mini Dissertation Ackerman, E 2020, Microinsurance in the context of social protection : overcoming the barriers of economic growth and development, LLM (Insurance Law) Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/78866> A2021 http://hdl.handle.net/2263/78866 en © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Insurance Law Microinsurance in the context of social protection : overcoming the barriers of economic growth and development |
| title | Microinsurance in the context of social protection : overcoming the barriers of economic growth and development |
| title_full | Microinsurance in the context of social protection : overcoming the barriers of economic growth and development |
| title_fullStr | Microinsurance in the context of social protection : overcoming the barriers of economic growth and development |
| title_full_unstemmed | Microinsurance in the context of social protection : overcoming the barriers of economic growth and development |
| title_short | Microinsurance in the context of social protection : overcoming the barriers of economic growth and development |
| title_sort | microinsurance in the context of social protection overcoming the barriers of economic growth and development |
| topic | UCTD Insurance Law |
| url | http://hdl.handle.net/2263/78866 |