Date: Wednesday, 5 November 2025, at 12.30pm (CET)

Dual format: ESSEC Paris La Défense (CNIT), Room TBA
and via Zoom, please click here

In this talk, we examine how coordination between governments and private insurers enhances the effectiveness of microinsurance as a tool for poverty reduction. Using a ruin-theoretic model of household capital, we assess micro-insurance’s impact on poverty dynamics and government social protection costs under four frameworks: uninsured, insured without subsidies, insured with constant premium subsidies, and insured with flexible premium subsidies. Results show that while unsubsidized insurance may limit capital growth for some households, subsidized microinsurance schemes can maximize social benefits and simultaneously reduce government expenditure, highlighting their value as cost-effective instruments for inclusive economic resilience and poverty alleviation.

Kind regards,
Jeremy Heng, Olga Klopp, Roberto Reno, Marie Kratz and Riada Djebbar (Singapore Actuarial Society - ERM)