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Microinsurance tag returned 13 results

  • 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
  • Pakistan: Draft insurance Bill addresses microinsurance and reforms

    Pakistan's proposed Insurance Bill 2016 has set a minimum paid-up capital requirement of PKR50 million (US$477,000) for insurers which are registered exclusively to undertake microinsurance business.

    Asia | 04 Jan 2017
  • Insurers registered in backward regions to be allowed 2 HQs

    The Chinese insurance regulator, CIRC, has said that priority would be given to the establishment of life and non-life insurance companies in the central and western parts of China, which are less affluent compared to coastal regions. The insurers would be allowed to start operations in two provinces simultaneously and have two headquarters.

    China | 23 Dec 2016
  • India: Regulator sees Point-of-Sales products as rural solution

    The insurance regulator IRDAI is urging insurers to introduce simpler point-of-sales (PoS) products for more broad-based selling in rural areas.

    Asia | 24 Nov 2016

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