In this deep-dive, we provide an overview of the mobile-enabled microinsurance industry, as part of our mission to support broader industry stakeholders to increase the utility and sustainability of mobile financial services.
Over the past few years, the growth of mobile-enabled microinsurance has offered cover to millions of previously uninsured people against unpredictable financial shocks and other debilitating life events. With 67 per cent of the global population subscribed to mobile, mobile-enabled microinsurance has the potential to ‘leapfrog’ traditional insurance models by reaching and insuring the under-insured.
GSMA Mobile Money
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