Do you want some cash-back?: assessing the demand for a no-claim rebate life-insurance product

Francisco Bruno Galarza Arellano; Ingo Outes

Do you want some cash-back?: assessing the demand for a no-claim rebate life-insurance product

Francisco Bruno Galarza Arellano
, Ingo Outes

Research output: Working paper

Abstract

We designed and implemented a field experiment in rural Peru, in order to examine the sensitivity of the demand for micro life-insurance products to the introduction of rebates (cash-backs), which are partial refunds of the insurance premium when no insured event occurs. We find that cash-backs do appear to create higher levels of trust between the insurer and the insurance policy holder, thus offering the promise to increase the demand for insurance. This result suggests that cash-backs can be an attractive product innovation in developing countries.

Original language	English
Place of Publication	Perú
State	Published - Jun 2016

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty
SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure
SDG 17 Partnerships for the Goals

Keywords

Economía experimental
Seguros de vida--Perú

Access to Document

http://hdl.handle.net/11354/1133

Cite this

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N2 - We designed and implemented a field experiment in rural Peru, in order to examine the sensitivity of the demand for micro life-insurance products to the introduction of rebates (cash-backs), which are partial refunds of the insurance premium when no insured event occurs. We find that cash-backs do appear to create higher levels of trust between the insurer and the insurance policy holder, thus offering the promise to increase the demand for insurance. This result suggests that cash-backs can be an attractive product innovation in developing countries.

AB - We designed and implemented a field experiment in rural Peru, in order to examine the sensitivity of the demand for micro life-insurance products to the introduction of rebates (cash-backs), which are partial refunds of the insurance premium when no insured event occurs. We find that cash-backs do appear to create higher levels of trust between the insurer and the insurance policy holder, thus offering the promise to increase the demand for insurance. This result suggests that cash-backs can be an attractive product innovation in developing countries.

KW - Economía experimental

KW - Seguros de vida--Perú

KW - Economía experimental

KW - Seguros de vida--Perú

M3 - Working paper

BT - Do you want some cash-back?: assessing the demand for a no-claim rebate life-insurance product

CY - Perú

ER -

Do you want some cash-back?: assessing the demand for a no-claim rebate life-insurance product

Abstract

UN SDGs

Keywords

Access to Document

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Cite this