Micro small and medium enterprises (MSMEs) are a vital part of the global economy. They account for 90% of businesses and are a source of more than 50% of employment worldwide. In emerging markets, they contribute up to 40% of the national income. Despite this, they face many challenges, particularly when it comes to accessing financial mechanisms such as insurance.
To begin with, financial mechanisms can be hard to access for MSMEs, particularly those in...