Technology and Innovation: Tools to help close the Protection Gap in Micro insurance Markets

This paper discusses how technology and innovation can be powerful tools in building more resilient communities. This is true across the insurance marketplace, but there are some particularly exciting opportunities for progress at the micro-level. Technology can extend the reach of insurers; it can enable better product design, more accurate pricing of risk, reduce distribution costs, increase the speed and ease of claims settlements, and assist in fraud detection among other benefits.