The Microinsurance Network collaborated with GIZ RFPI to produce a report looking at how microinsurance service providers responded and performed in terms of claims processing and benefits payments in the Philippines in the aftermath of Typhoon Haiyan, and how that impacted the clients of these service providers.
The Philippines has the highest insurance penetration in Asia and Oceania, with 19.9 million properties and lives covered, making it a success story for microinsurance. The disaster caused by Typhoon Haiyan has had an impact on millions in the country. This unfortunate disaster did, however, provide an opportunity to study the effectiveness of microinsurance in the face of natural disasters.
The study was launched in Manila on the 4th of February 2015 at an event organised by GIZ RFPI.
Read the full study here