Financial, market and economic news

How insuring the poor in Hong Kong and elsewhere is becoming big business

One major challenge in poverty alleviation is minimising the risks that the poor face, in health, capital accumulation and jobs, among other areas. For the poor, the ordinary premium for insurance is largely out of reach. In many parts of the world, banks and NGOs, in particular microfinance institutions, have stepped in to provide low-premium policies with decent payouts for a range of life events and natural disasters.Every society seems to have a different experience with microfinance…

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