--- title: Microinsurance and Small Ticket Insurance description: Microinsurance is the protection of low-income people, against specific incidents, in exchange for regular small premium payments. The biggest impact this has is on people from smaller or lesser developed nations, particularly if or when natural disasters hit their areas, to help alleviate the adverse financial effects. image: https://blog.insuredhq.com/hubfs/INSURTECH%20high%20res.jpg --- [![IHQ Logo - Banner RIGHT IHQ ONLY](https://blog.insuredhq.com/hs-fs/hubfs/IHQ%20Logo%20-%20Banner%20RIGHT%20IHQ%20ONLY.png?width=473&height=70&name=IHQ%20Logo%20-%20Banner%20RIGHT%20IHQ%20ONLY.png "IHQ Logo - Banner RIGHT IHQ ONLY")](https://www.insuredhq.com/insuredhq-insurance-made-simple) - [PLATFORM](https://www.insuredhq.com/solutions) - [RESOURCES](https://www.insuredhq.com/stories) - [Blog](https://blog.insuredhq.com/blog) - [News](https://www.insuredhq.com/media-pr) - [Use Cases](https://www.insuredhq.com/testimonials) - [Glossary](https://www.insuredhq.com/glossary) - [STORIES](https://www.insuredhq.com/stories) - [Customers](https://www.insuredhq.com/testimonials) - [ABOUT](https://www.insuredhq.com/company) - [Company](https://www.insuredhq.com/company) - [Privacy](https://www.insuredhq.com/privacy-policy) - [Glossary](https://www.insuredhq.com/glossary) - [CONTACT](https://www.insuredhq.com/contact) - [Demo](https://www.insuredhq.com/contact) - [Media Inquiries](https://www.insuredhq.com/en/media_inquiry) - [BOOK A DEMO](https://www.insuredhq.com/contact) [![IHQ Logo - Banner RIGHT IHQ ONLY-1](https://blog.insuredhq.com/hs-fs/hubfs/IHQ%20Logo%20-%20Banner%20RIGHT%20IHQ%20ONLY-1.png?width=473&height=70&name=IHQ%20Logo%20-%20Banner%20RIGHT%20IHQ%20ONLY-1.png "IHQ Logo - Banner RIGHT IHQ ONLY-1")](https://www.insuredhq.com/) - [PLATFORM](https://www.insuredhq.com/solutions) - [RESOURCES](https://www.insuredhq.com/stories) - [Blog](https://blog.insuredhq.com/blog) - [News](https://www.insuredhq.com/media-pr) - [Use Cases](https://www.insuredhq.com/testimonials) - [Glossary](https://www.insuredhq.com/glossary) - [STORIES](https://www.insuredhq.com/stories) - [Customers](https://www.insuredhq.com/testimonials) - [ABOUT](https://www.insuredhq.com/company) - [Company](https://www.insuredhq.com/company) - [Privacy](https://www.insuredhq.com/privacy-policy) - [Glossary](https://www.insuredhq.com/glossary) - [CONTACT](https://www.insuredhq.com/contact) - [Demo](https://www.insuredhq.com/contact) - [Media Inquiries](https://www.insuredhq.com/en/media_inquiry) - [BOOK A DEMO](https://www.insuredhq.com/contact) [![Request a Demo](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/579587/c54a9440-5c58-4dcf-8f9a-b1500dd0b6ff.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/579587/c54a9440-5c58-4dcf-8f9a-b1500dd0b6ff) **Menu** [![Request a Demo](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/579587/c54a9440-5c58-4dcf-8f9a-b1500dd0b6ff.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/579587/c54a9440-5c58-4dcf-8f9a-b1500dd0b6ff) - [Solutions](https://www.insuredhq.com/solutions) - [Company](https://www.insuredhq.com/company) - [Blog](https://blog.insuredhq.com/blog) - [Contact](https://www.insuredhq.com/contact) ![](https://blog.insuredhq.com/hubfs/INSURTECH%20high%20res-874151-edited.jpg) [insurtech](https://blog.insuredhq.com/blog/topic/insurtech) | [microinsurance](https://blog.insuredhq.com/blog/topic/microinsurance) | [InsuredHQ](https://blog.insuredhq.com/blog/topic/insuredhq) | [The InsurTECH Book](https://blog.insuredhq.com/blog/topic/the-insurtech-book) | 1 min read # Microinsurance and Small Ticket Insurance [![Pauline Davies](https://blog.insuredhq.com/hubfs/Blog%20images/Pauline%20250x250.jpg)](https://blog.insuredhq.com/blog/author/pauline-davies) Written by [Pauline Davies](https://blog.insuredhq.com/blog/author/pauline-davies) 3 Jul 2018, 21:08:56 Our CEO Pauline Davies was in London for the launch of[The InsurTECH Book](https://www.wiley.com/en-gb/The+INSURTECH+Book%3A+The+Insurance+Technology+Handbook+for+Investors%2C+Entrepreneurs+and+FinTech+Visionaries-p-9781119362203), to which she contributed a chapter on microinsurance. It was announced on the launch day that the book had become an Amazon number one bestseller. Microinsurance is the protection of low-income people, against specific incidents, in exchange for regular small premium payments. The biggest impact this has is on people from smaller or lesser developed nations, particularly if or when natural disasters hit their areas, to help alleviate the adverse financial effects. The availability of microinsurance has been increasing internationally. For example, it has been estimated that the Philippine microinsurance sector will expand to cover73.3 million Filipinos by 2020 (this estimate comes from a study published by the International Cooperative and Mutual Insurance Federation and Microinsurance MBA Association of the Philippines, Inc). Microinsurance has tended not to be a particularly profitable area of insurance activity though, due to limitations on the ability to deliver and manage small value policies in sufficient volumes at a low cost. That has not stopped a great number of insurers from participating though, partly for social responsibility reasons and partly because of the perceived benefits of creating a new middle class who will need full-value policies. InsuredHQ is ideal for the management of microinsurance and, in the first world, small ticket policies. InsuredHQ allows individualised yet automated risk rating in areas of insurance that would otherwise be too administration-heavy to be economic; and with highly automated processing that increases efficiency, reduces labour and IT costs, and allows real-time reporting. ## For more information, or to request a free [demo ](https://www.insuredhq.com/contact)[click here.](https://www.insuredhq.com/contact) Previous Story [← Insurtech: Enabler or disruptor?](https://blog.insuredhq.com/blog/insurtech-enabler-or-disruptor-an-assessment-of-the-australian-insurtech-ecosystem) Next Story [InsuredHQ breaks into the USA! →](https://blog.insuredhq.com/blog/insuredhq-breaks-into-the-usa) ## You May Also Like These Stories on insurtech [technology](https://blog.insuredhq.com/blog/topic/technology) ### [APRA says frontier AI requires urgent action.](https://blog.insuredhq.com/blog/apra-says-frontier-ai-is-urgent-most-insurers-cannot-count-their-own-systems) 26 Aug 2026, 16:52:15 | 4 min read [insurtech](https://blog.insuredhq.com/blog/topic/insurtech) ### [We'll be at UAC CFC 2026 Melbourne Market Exchange](https://blog.insuredhq.com/blog/well-be-at-uac-cfc-2026-melbourne-market-exchange) 6 May 2026, 16:24:03 | 2 min read [insurtech](https://blog.insuredhq.com/blog/topic/insurtech) ### [Regulatory sandboxes aren’t moving the needle for insurance](https://blog.insuredhq.com/blog/regulatory-sandboxes-arent-moving-the-needle-for-insurance) 9 Feb 2026, 17:51:36 | 5 min read ### Subscribe by Email ## No Comments Yet Let us know what you think ![new-zealand-industry-awards-2024-finalist-insurtech](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/new-zealand-industry-awards-2024-finalist-insurtech.png?width=1200&length=1200&name=new-zealand-industry-awards-2024-finalist-insurtech.png) ![IT10024-Badge-Black-v1](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/IT10024-Badge-Black-v1.png?width=1200&length=1200&name=IT10024-Badge-Black-v1.png) ![Untitled design (1)-2](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/Untitled%20design%20(1)-2.png?width=1200&length=1200&name=Untitled%20design%20(1)-2.png) ![5-star employer-1](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/5-star%20employer-1.png?width=1200&length=1200&name=5-star%20employer-1.png) ![Technology and Software-1](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/Technology%20and%20Software-1.png?width=1200&length=1200&name=Technology%20and%20Software-1.png) ![0305\_638760573676759902](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/0305_638760573676759902.png?width=1200&length=1200&name=0305_638760573676759902.png) ![AWS badge-png](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/AWS%20badge-png.png?width=1200&length=1200&name=AWS%20badge-png.png) ![Stripe Logo](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/Stripe%20Logo.webp?width=1200&length=1200&name=Stripe%20Logo.webp) ![Xero-logo-hires-RGB](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/Xero-logo-hires-RGB.png?width=1200&length=1200&name=Xero-logo-hires-RGB.png) ![vhT8hqUv\_400x400](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/vhT8hqUv_400x400.png?width=1200&length=1200&name=vhT8hqUv_400x400.png) ![Worldpay-for-Platforms](https://579587.fs1.hubspotusercontent-ap1.net/hub/579587/hubfs/Worldpay-for-Platforms.webp?width=1200&length=1200&name=Worldpay-for-Platforms.webp) [InsuredHQ Reviews](https://sourceforge.net/software/product/InsuredHQ/) Copyright © 2023 InsuredHQ Limited. All Rights Reserved - [InsuredHQ Privacy Policies](https://www.insuredhq.com/privacy-policy) - [Glossary](https://www.insuredhq.com/glossary)