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

Floodwaters recede in southern Thailand, govt continue to intensify relief efforts
Laos and Thailand join hands to develop industrial cattle production chain
Chip war: US exempts some Chinese firms from curbs in concession to Japan, sources say
Crocodile mauls Indonesia plantation worker to death at palm oil estate
Emerging Markets: Rupee flat after RBI holds interest rates steady as Asian stock markets stay mixed
Asia Rice: Indian export prices fall; Vietnam, Thailand demand muted
Oil prices edge down as extended OPEC+ supply cuts highlight weak demand
Teen girl who was allegedly kidnapped in Malaysia believed to be a scam victim: Singapore police
China’s ByteDance, Alibaba, Tencent seek fresh talent at ‘Olympics of AI’
South Korea Special Warfare Commander says no more martial law, vows to refuse such order

Others Also Read