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A microinsurance scheme uses insurance devices whose beneficiaries are often individuals who generally do not have access to traditional social protection systems. Members contribute to at least part of the contributions that are to be redistributed in benefits. Thus, it is of particular use to informal economy workers. Such schemes were initiated by NGOs, International Organisations, and are now spreading at regional level through coordination networks of cooperative and mutual organisations in Africa, Asia, and Latin America.
First answer by Olivier.tortuga. Last edit by Olivier.tortuga. Contributor trust: 13 [recommend contributor]. Question popularity: 16 [recommend question]
