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

Myanmar to allow domestic and international observers for upcoming election
Naked Russian tourist’s ambitious swim results in rescue
Indonesia police involved in 31 extrajudicial killings: rights group
‘It was knocking on my window pane’: Python rescued from Singapore flat
Oil prices ease, but geopolitical risk and China policy stance check losses
‘Creeping coup’: In Pakistan, lack of Internet access is costing livelihoods
JB housewife scammed out of RM300,000 by man posing as Bukit Aman officer
FBM KLCI rises slightly despite negative Wall St performance
Trade with China reached RM355.16bil from January to September, say Tok Mat
HK actress Carina Lau celebrates 59th birthday with husband Tony Leung

Others Also Read