June 2019 – This report explores the potential for a community-owned model of insurance (mutual microinsurance) to deliver economic and social benefits aligned with the United Nations Sustainable Development Goals (SDGs).
CISL has collected data from households in the Philippines affected by the devastating 2013 Typhoon Haiyan to assess whether those with mutual microinsurance life cover policies were able to recover more effectively than those without.
The research finds that mutual microinsurance, enabled by adequate regulation, can contribute to the SDGs by increasing the protection and resilience of low-income communities. The report also assesses the operations and outcomes of the largest mutual microinsurer in the Philippines - the Center for Agriculture and Rural Development Mutual Benefit Association (CARD MBA).
About
This report builds on a study, published by CISL in 2015; Insurance regulation for sustainable development: Protecting human rights against climate risks and natural hazards, which analysed the role of insurance regulation in protecting the basic human rights of life, livelihood and shelter against natural hazards and climate risk
Citing this report
Please refer to this report as Cambridge Institute for Sustainability Leadership (CISL) (2019). Mutual microinsurance and the Sustainable Development Goals: An impact assessment following Typhoon Haiyan. Cambridge, UK: Cambridge Institute for Sustainability Leadership.
