Each year, around 100 million people are pushed into poverty due to unforeseen health expenses. By providing financial support to policyholders during periods of illness or injury, insurance can reduce this figure; however, for those in low- and middle-income countries (LMIC), access to financial services is often scarce and unaffordable.
This is where microinsurance can help. Offering policies that are affordable, relevant and valuable, microinsurance is a vital tool that ensures vulnerable people have...