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

Barisan cannot live on past successes, must become party of the future, says Zahid
Vietnam, Malaysia hold great potential for trade cooperation
Japan to ease visa requirements for Chinese visitors; will expand scope of multiple entry visas
Sultan Abdul Halim Airport runway expected to resume operations on Dec 9
Cambodian journalist shot while investigating illegal logging dies
Indonesian govt optimises online shopping day to boost people's purchasing power
South Korean opposition party files motion to impeach interior and safety minister
South Korean lawmakers are deciding whether to impeach the president over his martial law bid
Securing BN victory in next GE is the priority, says Dr Wee
Barisan will not stop fighting for Najib’s freedom, says Zahid

Others Also Read