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

Defence minister, Yoon’s high school alumnus, named as mastermind of martial law plot
Worker hospitalised after falling about 9m at Singapore's Jurong Regional Line site
Local actress Susan Lankester wins Best Actress at Asian Academy Creative Awards
Heir to billions but now a monk, Ananda Krishnan’s son returns to Malaysia for last goodbye
China actress Fan Bingbing rents Hong Kong flat for US$84,000 a month, setting media abuzz
Batu Puteh RCI proposes criminal probe against Dr M
Chinese national charged in JB court with kidnapping 15-year-old girl
Russian actress's family bids farewell after she drowns in Thailand's Ko Samui
Byeon Woo-seok of 'Lovely Runner' to join IU in romance series
Cheaper domestic flights in Thailand up for grabs

Others Also Read