Financial literacy is an important barrier to adopting and using microinsurance services worldwide. Many microinsurance schemes have relied on formal literacy efforts, though it is widely accepted that informal training groups can improve financial literacy. While both approaches have their merits, technology can play an important role in improving financial literacy – especially among hard-to-reach users.
In November 2023, Rural Inclusion, a technology-focused social enterprise, and Solutions Studio, a Fiji-based...