• What we do
  • The People
  • About Us
  • Why Innovation Africa
  • Contact Us
Innovation AfricaCreating the Future Today
  • Feature Articles
  • Innovation
  • Agriculture
  • ICT
  • Technology
  • Entrepreneurship
  • Health
  • Store
  • Contact Us
Menu
  • Feature Articles
  • Innovation
  • Agriculture
  • ICT
  • Technology
  • Entrepreneurship
  • Health
  • Store
  • Contact Us
  • Why wait? Insurers, take steps to reach the women’s market

    November 4, 2015 Editor 0

    In most developed nations, when dealing with the aftermath of a natural catastrophe, an accident, a divorce – or even retirement – women know they can buy and rely on insurance to handle the damages, give them access to long-term savings or, at a minimum, cover a portion of their lost assets.

    In emerging and developing markets, on the other hand, this is usually not the case. Working at IFC in Washington and staying in touch with my family at home in Senegal, I’ve heard countless stories of men and women living in terrible conditions after a natural disaster.

    These are not only people with lower incomes. I’ve met women who have lost everything following their spouse’s death or divorce because customary practices and inheritance laws did not give them access to the family assets. (In fact, in 20 percent of economies around the world, women do not have the same inheritance rights as men.) Worse, there are women whose children have died because the public hospital was too full and too busy to accommodate them at the time they needed medical help, and because they did not have the means to afford private health care.

    These are sobering and, sadly, true stories that very seldom make headlines. Yet if we look at families’ needs and at how women tend to be more affected by death, disaster and family illness, the answer seems simple: insurance.

    It’s only when something bad happens that, all of a sudden, people – especially women, who tend to be more risk-aware – wish that they had planned better to deal with the situation at hand. What tends to keep women from choosing insurance as the solution to their risk-mitigation needs are misperceptions, affordability, lack of awareness, lack of bank accounts or access, and the stories of people with insurance policies that do not seem to cover any claims.

    Go to Source

    Related Posts

    • Yes, You Can Brainstorm Without GroupthinkYes, You Can Brainstorm Without Groupthink
    • Africa: Obituary – David Dickson (1947-2013), Founder of Scidev.netAfrica: Obituary – David Dickson (1947-2013), Founder of Scidev.net
    • The Customer Defines the Value of InnovationThe Customer Defines the Value of Innovation
    • Stalled productivity, stagnant economy: Chronic stress amid impaired growthStalled productivity, stagnant economy: Chronic stress amid impaired growth
    • Innovation in health service delivery: integrating community health assistants into the health system at district level in Zambia.Innovation in health service delivery: integrating community health assistants into the health system at district level in Zambia.
    • 10 Guidelines for Starting Your Independent ICT4D Project10 Guidelines for Starting Your Independent ICT4D Project
    Sovrn
    Share

    Categories: World Bank PSD

    Tags: women’s market

    Addressing Egypt’s aquaculture challenges Nanomedicine: past, present and future – a global perspective.

    Leave a Reply Cancel reply

    You must be logged in to post a comment.

Subscribe to our stories


 

Recent Posts

  • SL Crowd Green Solutions September 21, 2020
  • Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
  • Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
  • 5 Tips for Crowdfunding During the Pandemic August 3, 2020
  • innovation + africa; +639 new citations August 3, 2020

Categories

Archives

Popular Post-All time

  • A review on biomass-based... 0.9k views
  • Can blockchain disrupt ge... 682 views
  • Prize-winning projects pr... 678 views
  • Apply Now: $500,000 for Y... 605 views
  • Test Your Value Propositi... 533 views

Recent Posts

  • SL Crowd Green Solutions
  • Digital transformation in the banking sector: surveys exploration and analytics
  • Why Let Others Disrupt You? Take the Smart Self-Disruption Journey!
  • 5 Tips for Crowdfunding During the Pandemic
  • innovation + africa; +639 new citations
  • SME Innovation: 10 Priorities for Support Post-COVID-19 
  • Africa RISING Annual Progress Report 2018 – 2019 now available
  • Fodder beet feed supplementation delivers dairy success for Ethiopian farmers
  • Using theory of change for outcome-oriented research
  • Africa RISING partners publish soil fertility management guidebook

Tag Cloud

    africa African Agriculture Business Business model Business_Finance Company Crowdsourcing data Development East Africa economics Education Entrepreneur entrepreneurs Entrepreneurship ethiopia ghana Health_Medical_Pharma ict Information technology Innovation kenya knowledge Knowledge Management Leadership marketing mobile Mobile phone nigeria Open innovation Organization Research rwanda science Science and technology studies social enterprise social entrepreneurship south africa Strategic management strategy tanzania Technology Technology_Internet uganda

Categories

Archives

  • A review on biomass-based hydrogen production for renewable energy supply 0.9k views
  • Can blockchain disrupt gender inequality? 682 views
  • Prize-winning projects promote healthier eating, smarter crop investments 678 views
  • Apply Now: $500,000 for Your Big Data Innovations in Agriculture 605 views
  • Test Your Value Proposition: Supercharge Lean Startup and CustDev Principles 533 views

Copyright © 2005-2020 Innovation Africa Theme created by PWT. Powered by WordPress.org