Tag
microinsurance
2 findings
Finance & microfinanceDifferential Binding Constraints Across Financial Product MarketsTake-up for offered savings accounts was only ~1 percentage point (9 total individuals) and microloans near zero (2 individuals), whereas micro-insurance take-up surged by 25.1 to 28.0 percentage points (p < 0.01).RCTFinance & microfinanceFinancial Sophistication Valuation AlignmentMoving from the lowest to highest quartile of financial sophistication roughly doubles the reduction in willingness-to-pay for reduced millimeter deviation payments (-Rs. 1.688 per quartile tier, p < 0.01), increases willingness-to-pay by 50% for policies with higher exit thresholds (+Rs. 1.116 per quartile tier, p < 0.01), and quadruples sensitivity to basis risk (-Rs. 4.007 per quartile tier, p < 0.01).RCT