Entrepreneurship on a viable business model for micro insurance industry

• Main Author: Mohamed Amin Mohamed Hussain @ Daniel Hussain.
• Other Authors: Fan Sau Cheong
• Format: Final Year Project
• Language: English
• Published: 2009
• Subjects: DRNTU::Business::Finance::Insurance
• Online Access: http://hdl.handle.net/10356/16621
• Institution: Nanyang Technological University

Micro insurance industry has evolved in the past few years. Its characteristics are low premium and low cover limit. It targets the poor people who cannot afford the high premium. Recently, successes have been reported, but mostly with the subsidies either from government or charity organizations. However, the market is huge, and viable business model could be developed. Methodology, it is through case study and survey. To start, a business model parallel of the budget airlines will be studied. It is to cut cost. Secondly, risk assessment will be conducted through searching available data. Thirdly, risk management will be built up to help setting the premium. Finally, its viability will be studied.