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Microinsurance tag returned 188 results

  • Cameroon: Atlantique Assurance seals deal to provide insurance to motorcycle taxi drivers

    Atlantique Assurance will offer accident insurance (100% coverage) and health insurance (80% coverage by the insurer and 20% by the insured) to all Bee motorcycle taxi drivers, announced the Cameroonian company Bee Group, engaged in motorcycle transportation and delivery services.

    Africa | 15 Jul 2024
  • Parametric and agricultural insurances: essential lifelines amidst climate change

    Nat CATs are becoming frequent and severe because of climate change. The Philippines, having been identified as one of the most vulnerable countries to the effects of climate change, is at the forefront of facing these threats. The rising sea level and extreme weather events are just some of the challenges the country faces.

    Asia | 11 Jul 2024
  • Gabon becomes pioneer of microinsurance in CEMAC

    Gabon has become the pioneer of microinsurance in the Central African Economic and Monetary Community (CEMAC), following the establishment of SAMB'A Assurances Gabon, the first company to offer microinsurance in the zone.

    Africa | 26 Jun 2024
  • Africa: Sanlam expands distribution network via acquisition

    Sanlam Limited (Sanlam) and MultiChoice Group have entered into an agreement for Sanlam to acquire 60% of MultiChoice's insurance business, NMS Insurance Services (NMSIS), as well as a long-term commercial arrangement to expand insurance and related financial service offerings into MultiChoice's extensive African subscriber base.

    Africa | 24 Jun 2024
  • India: Insurance industry looks to new government to amend legislation to promote growth

    An open architecture for insurance agents, the review of rules covering investment distribution and the development of natural disaster insurance are among issues that the insurance industry in India wants the new federal government to address.

    Asia | 12 Jun 2024
  • Africa: Microinsurance given boost by Innovative distribution strategies

    Microinsurance in Africa has shown significant growth and development, particularly in adapting to the unique needs of low-income populations and leveraging technology to increase accessibility, according to the 2024 edition of "Africa Insurance Pulse", a report launched last week by the African Insurance Organisation (AIO)

    Africa | 11 Jun 2024
  • Pakistan: Regulator seeks tax incentives for insurance buyers

    The Securities and Exchange Commission of Pakistan (SECP) has put forward a proposal to the Federal Board of Revenue (FBR) for the upcoming 2024-25 Budget to reinstate income tax credits for individuals purchasing insurance plans.

    Asia | 04 Jun 2024
  • Philippines: Insurance industry chalks up 45% jump in 1Q net profits

    The insurance industry saw its net income soar by 45% to more than PHP14.29bn ($246m) in the first quarter of this year, compared to PHP9.86bn in the corresponding quarter in 2023, according to data from the Insurance Commission (IC).

    Asia | 28 May 2024
  • AXA and Universal Postal Union join forces to advance inclusive insurance

    French global insurer has teamed up with the Universal Postal Union (UPU) to promote inclusive insurance, including in Africa. The partnership to scale inclusive insurance through postal networks globally starts with joint research, followed by technical assistance programmes.

    Africa | 15 May 2024
  • Philippines: Microinsurers see strong growth in 2023

    Microinsurance premium contributions grew by 17.35% to PHP13.54bn ($237m) in 2023, according to data released by the Insurance Commission.

    Asia | 06 May 2024