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Microinsurance tag returned 184 results

  • 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
  • India: Regulator outlines proposal for all-in-one insurance bundle

    The Insurance Regulatory and Development Authority of India (IRDAI) held deliberations with insurance companies on the pricing and other modalities of the all-in-one affordable insurance product, Bima Vistaar.

    Asia | 29 Apr 2024
  • Philippines: Non-life sector drives profit growth in 2023

    The Insurance Commission (IC) has announced that the net income of the insurance industry, comprising life and non-life insurance companies and mutual benefit associations (MBAs), reached PHP48.46bn ($848m) in 2023, 3.8% higher than the PHP46.69bn chalked up in 2022.

    Asia | 11 Apr 2024
  • Nepal: UNDP highlights development of inclusive insurance

    An earthquake model and sovereign risk transfer instrument are under development in Nepal and will be rolled out in 2024. Flood models are also being worked on, according to the UNDP which leads the Insurance and Risk Finance Facility (IRFF), a global initiative working with governments and the insurance industry, to put financial resilience at the heart of sustainable development.

    Asia | 02 Apr 2024
  • Africa: Finafrica takes in strategic investor

    Finafrica, a pan-African provider of microfinance and insurance services and a subsidiary of the French group, Groupe Duval, has welcomed a strategic investor in Proparco which has acquired a 10% stake in the company.

    Africa | 28 Mar 2024