There are ongoing discussions between the Insurance Regulatory Authority (IRA) and the Uganda Bankers Association to mobilise and license banking agents to distribute insurance products, particularly in rural areas.
The Financial Supervisory Commission (FSC) has revised the island's regulations to promote the scope of microinsurance.
The Insurance Commission (IC) is planning to grant incentives to new microinsurance players to boost financial inclusion in the Philippines.
The insurance sector in Egypt rakes in microinsurance premiums of around EGP377m ($12.2m) annually, according to Mr Alaa El-Zoheiry, president of the Insurance Federation of Egypt (IFE).
The Financial Regulatory Authority (FRA) has issued a resolution to amend the scope of microinsurance.
The Securities and Exchange Commission of Pakistan (SECP) has started working on a microinsurance scheme for low-income households and vulnerable communities.
Cambodia's insurance industry recorded a premium of $87.3m in the third quarter of 2023, up 2.6% from $85m in the corresponding quarter last year, according to a report by the Insurance Regulator of Cambodia (IRC).
One of the risks faced by the insurance industry is the inability to provide insurance services to the entire population, leaving large segments of them outside of insurance coverage, the newly appointed president of the Insurance and Social Security Supervisory Authority (ACAPS), Mr Abderrahim Chaffai, has said.
Nan Shan General Insurance has launched what is dubbed Taiwan's first micro property insurance plan, targeted at vulnerable groups. The plan offers micro fire insurance coverage.
The lack of historical data that would form the basis to price microinsurance products is a hurdle which insurers can overcome by adopting prototype products at an initial price, according to Mr Makeen Lotfy Abdullah, chairman of the Microinsurance and Small and Medium Enterprises Insurance Committee of the Insurance Federation of Egypt (IFE).