# Microinsurance firm

- Canonical URL: https://www.gerhardmerk.de/microinsurance-firm
- Post ID: 589864
- Modified: 2023-07-25T21:03:09+00:00
- Language: en

## Definition

An insurance company that - due to a fixed business policy - targets only a certain group (e.g. rice farmers) or - due to insufficient demand for insurance services is limited to a small number of policyholders. - Experience has shown that these institutions, which are frequently found in countries of the so-called Third World - and are advocated by well-meaning groups in industrialized countries - are easily threatened by (fraudulently induced) insolvency, especially if no supervisory authority in the country concerned monitors the business activity. - See supervision, insurance companies, insurance contract. - Cf. BaFin Annual Report 2006, p. 64 (Roundtable on Microinsurers in the Third World). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1