An agricultural micro-insurance development model for rural areas of Iran.

Micro-insurance has a protective role against risk in low-income households. The present study designed a micro-insurance development model for rural areas. The data was collected from 60 questionnaires given to experts of the Agricultural Insurance Fund and the Insurance Institute. The findings from the structural equation model developed using PLS show that the order of latent variables affecting on micro-insurance development were socio-cultural (B = 0.518), economic (B = 0.269) and educational (B = 0.265). The results showed that this model is appropriate for development of micro-insurance in rural areas for low-income households. [ABSTRACT FROM AUTHOR]