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

Hanoi welcomes thousands for the 2024 International Food Festival - a celebration of culinary unity
Man gets 11 years in jail, five strokes of rotan for molesting teen daughter
Indonesia issues top aviation alert due to Mount Dukono volcanic eruption
Malaysia draw 2-2 with Cambodia in first AFF Cup group match
Contractor’s blunder levels Thai bus stop seats with the ground, drawing mockery from netizens
Pakistan delivers 40 tonnes of flood aid to Malaysia
South Korea martial law fallout deepens as prosecutors close in on President, ex-defence minister
Five injured in Philippine Navy helicopter crash; chopper crash-lands in Cavite
Soaring business - Vietnam’s seafood export hits US$1mil mark for October
Australian man to be charged over making crash threat on flight departing Changi Airport

Others Also Read