ARTICLES, DISCUSSIONS, ANALYSES, REVIEWS
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.
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