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Microinsurance tag returned 16 results

  • Vietnam: Rules for fire, micro insurance being finalised

    The Finance Ministry is finalising a draft decree on compulsory fire and explosion insurance, and completing other draft legal documents on agriculture insurance and microinsurance.

    Asia | 04 Dec 2017
  • Pakistan: InsuResilience fund takes 25% stake in insurer

    The InsuResilience Investment Fund (IIF) has entered into an agreement to acquire a significant minority stake in Lahore-based Asia Insurance, a general insurer offering agriculture insurance to over 100,000 farmers in Pakistan.

    Asia | 11 Oct 2017
  • Philippines: Call for e-microinsurance for transport companies

    A legislative committee on Transportation has urged local insurers to develop affordable e-microinsurance products for transportation network companies (TNCs) and transportation network vehicle service (TNVS) units.

    Asia | 09 Oct 2017
  • India: Insurers urged to offer reinsurance to mutual microinsurers

    A first-of-its-kind report on mutual and cooperative microinsurance in India has made key recommendations including creating broad models of self-regulatory organisations with robust governance systems, allowing Mutual, Cooperative and other Community-based Organisations (MCCOs) to take reinsurance capacity where required from commercial insurers and providing significant support for them to scale up and be sustainable.

    Asia | 20 Jul 2017
  • Singapore: UAE InsurTech firm receives award from MetLife

    UAE-based startup, Democrance, has received the "Judge's Selection" award from LumenLab's inaugural corporate-startup engagement programme, collab.

    Middle East | 23 May 2017
  • MENA: InsurTech start-up eyes low to middle income groups

    UAE-based InsurTech company Democrance is implementing its first pilot projects in the Emirates, aiming to reach the low-income sector to help them get insured.

    Middle East | 17 May 2017
  • Microinsurance: Farmers view risk differently from insurers

    There is a gap between what the insurance industry believes to be risk and what the farmers in the fields view as risk, according to Mr Jimmy Loro, Senior Advisor at RFPI Asia, a regional programme that supports Asian insurance supervisory authorities to enhance enabling conditions for pro-poor insurance.

    Asia | 15 Mar 2017
  • Philippines: Microinsurance premium volumes rise by 20% in 2016

    The microinsurance industry in the Philippines saw net premiums written surge by 20% to PHP5.4 billion (US$107.4 million) in 2016 from PHP4.5 billion in 2015, Insurance Commissioner Dennis Funa has revealed.

    Asia | 13 Mar 2017
  • Philippines: Pre-need industry shows healthy profits

    The Philippine pre-need industry has posted a net income of PHP2.07 billion (US$41.2 million) for 2016, up by 26.5% from PHP1.64 billion in 2015, according to data released by the Insurance Commission.

    Asia | 08 Mar 2017
  • Philippines: Microinsurance penetration rate to hit 48% by 2022

    The microinsurance penetration rate in the Philippines is expected to increase to 48.7% by 2022, from the 25.4% seen at the end of last September, according to Insurance Commissioner Dennis Funa.

    Asia | 25 Jan 2017

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