DEVELOPMENT OF PUBLIC-PRIVATE PARTNERSHIPS IN THE INSURANCE INDUSTRY.

Haiti is the poorest country in the Western Hemisphere and has seen more than its share of both natural and man-made disasters. In a country like Haiti, major investments not only help create jobs and income, but add to a smoother implementation of survival strategies following a disaster. Namely, in such situations, public-private partnership plays an important role to scale up quality and affordable insurance products for low-income workers. One of the largest public-private partnerships is Rashtriya Swastya Bima Yojana (RSBY), India’s national inpatient insurance program for low-income households, a scheme that is managed by both public and private insurance companies. Under this scheme, for example, ICICI Lombard, the largest Indian private sector general insurance company, provides health coverage to more than 7 million families. Some governments contribute to market development by putting in place microinsurance regulation measures and supporting public-private partnerships.