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：在本文中，我们评估了政府与私人保险公司之间协调与合作的益处，并进一步论证小额保险产品作为实现减贫的有力且成本效益高的工具。为探讨这些观点，我们从破产理论角度对家庭资本进行建模，以衡量小额保险对贫困动态的影响及政府社会保护成本。我们在四种框架下分析该模型：未投保、投保（无补贴）、投保且享受固定补贴保费、投保且享受弹性补贴保费。尽管仅靠保险（无补贴）可能不足以降低特定群体家庭陷入贫困区域的可能性，因为保费支付限制了其资本增长，但我们的分析表明，补贴方案能够在降低政府成本的同时实现最大社会效益。