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

Accused in priest attack case in Singapore escorted to scene at church
Unesco recognises Chinese Spring Festival's promotion of harmony
Indian Coast Guard, Pakistan Maritime Security Agency rescue 12 crew members of sunken Indian vessel in North Arabian Sea
Japanese actress Miho Nakayama, 54, found dead in bathtub; she had been in poor health
Bangkok crowned world’s top tourism city in 2024
Bruneian man jailed 20 months for theft from vacant home
Motor racing-Max Verstappen to become a father
Children set to benefit from Unicef-China nutrition programme in Laos
Factbox-South Korean President Yoon dogged by scandals before botched martial law
Seven villages in China get the spotlight on UN Tourism list

Others Also Read