Microinsurance

Sorry about Seguin’s long absence.  Thesis writing takes up a big chunk of my time now.  Anywho.

The Economist writes about micro insurance.  Via mobile phones, Kenyan farmers are able to insure the value of seeds and fertilizers in case of drought. In a world of CDS gone wild financial innovation can be a 4 letter word. It is good to see that financial innovation can still add value.  The idea of micro insurance is so simple it is amazing that no one has thought of it before.  Extending risk management strategies to the poor just makes so much sense, especially when it can be the difference between starvation and survival.

-Seguin

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