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Microinsurance tag returned 49 results

  • Sri Lanka: Farmers sign up for first blockchain-based agricultural insurance

    Nearly 200 smallholder paddy field farmers in Sri Lanka, who are at risk of losing their crops due to extreme weather, have enrolled in a newly-launched blockchain-based platform which provides them with automated microinsurance products. The platform was recently launched by InsurTech start-up Etherisc, insurance broker Aon and Oxfam, which have collaborated to utilise blockchain technology and directly address issues that are exacerbating the protection gap among these farmers.

    Asia | 03 Jul 2019
  • Mutual microinsurance helps vulnerable communities: Study

    Mutual microinsurance has the potential to build financially literate, insurable and resilient communities, according a new study from the University of Cambridge Institute for Sustainability Leadership (CISL). For the first time, the study analysed how mutual microinsurance, a community-owned model of insurance, contributes to the recovery outcomes of low income households following a natural disaster. The CISL report was launched on 21 June 2019 at the Insurance Development Forum (IDF) in Singapore.

    Asia | 21 Jun 2019
  • Thailand: Regulator keen on microinsurance plans

    The Office of the Insurance Commission (OIC) is promoting the idea of launching microinsurance schemes with low premiums designed for the grassroots and retirees, reported The Bangkok Post.

    Asia | 20 Jun 2019
  • Big things come in small packages

    India's largest private non-life insurer ICICI Lombard General Insurance is planning to roll out insurance in sachets. The company is working with e-commerce players, wallet companies and payments and small finance banks for this purpose.

    AIRPlus | 12 Jun 2019
  • Philippines: Govt targets 50m Filipinos to have micro insurance by 2022

    The government aims to have at least 50m Filipinos covered by microinsurance in the next four years, reported the Philippine News Agency. The coverage seeks to provide protection and financial security especially in times of calamities.

    Asia | 22 May 2019
  • Microinsurance is in for an overhaul

    The Insurance Regulatory and Development Authority of India (IRDAI) has set up a committee to review the regulatory framework for microinsurance and recommend measures to improve the penetration of microinsurance products in the country.

    AIRPlus | 02 May 2019
  • Philippines: Microinsurance business expands in 2018

    The Philippine microinsurance sector has posted total premium of PHP8.14bn ($157.2m) at the end 2018, representing an increase of 14.5% from PHP7.11bn in 2017, according to lnsurance Commissioner Dennis B Funa.

    Asia | 17 Apr 2019
  • Southeast Asia FinTech player ventures into micro-insurance

    Singapore-based FinTech, Grab Financial has embarked on a full-scale push into insurance and lending with the launch of its new 'Grow with Grab' roadmap as well as its SME lending and micro-insurance for drivers. The roadmap includes a range of other new services, such as micro-insurance products, which will be launched over the next few weeks.

    Asia | 20 Mar 2019
  • Microinsurance to safeguard Hongkongers against cyber

    With a rising number of the world's population being digitally active and spending more of their lives online, there has been a greater need for protection against the risks of cyber bullying and cyber crimes, such as identity theft, hacking, cyber stalking and harassment.

    AIRPlus | 27 Feb 2019
  • Philippine microfinance firm hit by data breach

    Cebuana Lhuiller, a Philippines-based firm providing pawnshop, microinsurance and other financial services, was hit by a data breach which affected the personal information of around 900,000 customers.

    AIRPlus | 22 Jan 2019

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