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

Chinese shopping app Temu suspended in Vietnam, says state media
Philippine Navy helicopter crashes at Sangley Point in Cavite City
Cambodia's traditional woven textile Krama joins Unesco's intangible cultural heritage list
Japanese Sumo wrestlers bring 1,500 years of tradition to London as the sport has an international moment
Thai PM Paetongtarn leads ceremony to mark beloved late king’s birthday
South Korean police launch investigation into Yoon's treason charge
Armed ethnic rebels in northeast Myanmar declare ceasefire and seek talks with military government
Immigration Dept offers free replacement for passports lost, damaged in floods
TikTok owner ByteDance wins outstanding research award at annual ‘Olympics of AI’
Floods: Over 1,000 infectious disease cases detected at relief centres in Terengganu

Others Also Read