Microinsurance innovators and The Financial Inclusion Challenge

elva.darnell's picture

While microcredit and savings have historically dominated the financial-inclusion conversation, there is growing recognition for the innovative ways that microinsurers are bringing services to the people who need them most.

“The Financial Inclusion Challenge” competition, run by The Wall Street Journal, showcases nonprofit and for-profit enterprises that are solving problems of financial access for the poor in the Asia-Pacific region.

One of the top three finalists last year was Cambodia’s AMK Microfinance Institution, which used its door-to-door network of micro lenders to extend its health-insurance coverage to borrowers' spouses. Piggybacking the product to another helped AMK overcome some of the problems delivering services to remote populations.

The deadline for entry to The Financial Inclusion Challenge 2017 has been extended to March 22, 2017, 23:59 HKT (11:59 EDT).