<p>This study examines the impact of microinsurance on asset accumulation and asset pawning among low-income households in Ghana, addressing a critical gap in the literature. The study uses primary data from 1,453 households across six markets in the Greater Accra, Central, and Ashanti regions. The data is analysed using advanced statistical techniques, including Tobit IV, Probit IV, Endogenous Switch Regression, Quantile Regression, and an Extended Regression Model to account for endogeneity and heterogeneity. The findings are further validated using Telasso average treatment effects, Propensity Score Matching, and Nearest Neighbour Matching.</p><p>The results show that income positively influences asset accumulation for both insured and uninsured households, with a stronger effect among microinsurance adopters. Savings significantly enhance asset accumulation, particularly for the insured. Overall, microinsurance demonstrates a significant positive impact on asset accumulation by providing low-income households with financial security that encourages savings and reduces reliance on asset pawning.</p>