Could Microinsurance Achieve “Jing Shi Ji Min” with Government Interventions? Evidence from China

17 February 2021

Written by Yu Yan & Michael Faure.

The Chinese word “economy” is originated from a famous idiom called “经世济民” (jing shi ji min), which suggests that a prosperous society is not only about economic success but also about the financial well-being of the general population. Microinsurance (the commercially available insurance that is designed to insure low-income groups against a variety of risks) is a perfect case that reflects this concept. It strikes a balance between a social-driven outcome and a sustainable business model.

M-EPLI, mepli, china