Originally published by The Actuary, June 2021 © The Institute and Faculty of Actuaries
Written by LORENZO CHAN JR
Lorenzo Chan reflects on the lessons gained while building microinsurance products for Filipinos on low incomes.
Pioneer Life’s foray into what is now globally referred to as microinsurance began in 2007, led by the concept of ‘sachet insurance’ – sachets being associated with fast-moving consumer goods offered in small and affordable packets. Today, after almost...