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Microinsurance: 1 billion covered by 2020

The microinsurance sector, which has shown a rapid growth over the last 10 years, is expected to double by 2020, as governments, insurance companies and providers worldwide broaden the geographic scope and range of insurance services available to low-income people. “Microinsurance, which currently provides coverage to 500 million people, could pass the 1 billion mark by the end of the decade,” says Craig Churchill, Chair of the Microinsurance Network and Head of the ILO’s Microinsurance...

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