In this article, we assess the benefits of coordination and partnerships between governments and private insurers, and provide further evidence for microinsurance products as powerful and cost-effective tools for achieving poverty reduction. To explore these ideas, we model the capital of a household from a ruin-theoretic perspective to measure the impact of microinsurance on poverty dynamics and the governmental cost of social protection. We analyse the model under four frameworks: uninsured, insured (without subsidies), insured with subsidised constant premiums and insured with subsidised flexible premiums. Although insurance alone (without subsidies) may not be sufficient to reduce the likelihood of falling into the area of poverty for specific groups of households, since premium payments constrain their capital growth, our analysis suggests that subsidised schemes can provide maximum social benefits while reducing governmental costs.

翻译：本文评估了政府与私人保险公司之间协调合作的益处，并进一步证明小额保险产品作为实现减贫目标的有效且高性价比工具。为探索这些观点，我们从破产理论视角构建家庭资本模型，用以衡量小额保险对贫困动态的影响以及政府社会保护成本。我们在四种框架下分析该模型：无保险、有保险（无补贴）、恒定保费补贴型保险、灵活保费补贴型保险。尽管单独投保（无补贴）可能不足以降低特定家庭群体陷入贫困的可能性（因为保费支付制约了其资本积累），但我们的分析表明，补贴型方案能够在降低政府成本的同时实现最大社会效益。