Journal of Environmental Biology

Building environmental risk resilience through microinsurance: Distribution channel assessment in India

D.S. Jain and C.P. Panse*     

¹Symbiosis Institute of Business Management (SIBM Pune), Symbiosis International (Deemed University), Pune-412 115, India

Received: 24 October 2025                   Revised: 06 November 2025                   Accepted: 28 February 2026

*Corresponding Author Email : chetanpanse@sibmpune.edu.in                    *ORCiD: https://orcid.org/0000-0003-1633-3400

Abstract

Aim: To examine the nexus between microinsurance and environmental risks, and highlighting the role of distribution channel to provide the risk coverage to vulnerable communities.

Methodology: SEM, or structural equation modelling, was used to evaluate the impact of suitable distribution channel on the willingness to buy micro insurance and explore the mediating effect of financial literacy. The developed model was tested using Smart PLS4.

Results: The findings reveal that distribution channel significantly impacts participants' willingness to purchase micro insurance with financial literacy acting as a mediator. The study also explains that the factors, trust, awareness and accessibility, leads to a suitable distribution channel.

Interpretation: The paper concludes that suitable microinsurance delivery mechanisms must integrate environmental risk management strategies, advocating for collaboration between government, insurance providers, and climate-resilient financial solutions to enhance coverage.

Key words: Common service centre, Distribution channel, Environment risks, Microinsurance, Structural equation modelling

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