Microenterprises and dynamic risk management: Analysis of the demand for non-life insurance of microenterprises

Insurance responds to many major challenges in terms of corporate risk management. Today, it has not finished demonstrating its social utility and its topicality manifests itself in microinsurance, which is a tool whose primary ambition is to insure populations who do not have access to insurance products. classic. This study analyzes the demand for “damage insurance” from microenterprises in Burkina Faso, vulnerable actors in the country's economic sphere. In order to determine the action variables influencing the behavior of these actors, the methodological approach consisted in carrying out a statistical and econometric analysis on secondary and primary data collected from microentrepreneurs. The study showed that the demand for “non-life insurance” depends on a range of more or less interdependent socio-economic variables. These include the expected utility, prejudices, and the degree of information about insurance. In addition, the study offers instructive approaches to better insure microenterprises, actors most often neglected by insurers.

Facebook
WhatsApp
Twitter
LinkedIn
E-mail