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

Pramono sweeps Jakarta race as election panel braces for legal challenge
Warnings issued as Thai woman dies after neck-twisting massage
Moo Deng: Still the ‘It Girl’
Is that a panda? Or a dog in disguise?
More prospects for inmates
Contractor’s bus stop blunder draws mockery
New impeachment push in motion
Fruitless push for more babies
Han Kang – from eight-year-old poet to Nobel laureate
Six soldiers, 22 fighters killed near Afghan border

Others Also Read