IFC to boost microinsurance safety nets for Indonesia's most vulnerable amid Covid-19


JAKARTA, Feb 5 (Xinhua): The International Finance Corporation (IFC), a member of the World Bank Group, is collaborating with Indonesian locals to boosts microinsurance safety nets and make insurance more broadly available for tens of millions of informal economy workers and families amid COVID-19, IFC has announced.

IFC said in a statement that it will provide PasarPolis, an Indonesian insurtech firm, with 5 million U.S. dollars in equity finance to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Singapore launches most extensive coral restoration project to date�
Indonesia president calls for more prudent government spending amid global tensions
Cops waiting chemistry report in case of baby's death at babysitter's home
Thailand welcomes 32.7 million tourists since Jan 2024; Malaysian visitors to neighbours surge almost 25 per cent
Marcos says Philippines won’t send warships after China clashes
E-commerce and logistics spur real estate demand growth in Vietnam
Cambodia bans energy drinks at schools; govt says main reason for rise in diabetes among school kids
HK actor Lai Lok Yi spotted buying groceries at mall in Petaling Jaya
Ong Beng Seng-linked Hotel Properties’ potential project is the best bet to rejuvenate Orchard Road
Traffic cop tells court she deleted video of collision that claimed student's life

Others Also Read