In Mongolia a large number of people, most of them from the low-income sector, lives still in traditional gers, a portable, round tent covered with skins or felt traditionally used as a dwelling. Gers, houses and surrounding fences in the ger districts are highly vulnerable to flood and fire risks. However, these low-income families do not have the financial means to cope with the severe flooding or fire events that threaten their livelihood. Without financial education, they struggle to have regular access to appropriate insurance products.
Financial Regulatory Commission Mongolia, Monre Insurance and GIZ-RFPI Asia for the MEFIN Network.