Microinsurance Market by Application, Region, Trends and Forecast To 2020

(MoneyNewsWire.Net, November 13, 2017 ) Micro-insurance products are coverage policies targeted at households with low income levels. Micro-insurance plans provide tailored insurance coverage policies for individuals with little or low saving plans. Such policies provide lower value assets and compensation for injury, illness, or death to an individual than in other insurance policies. Micro-insurance companies assist poor families by offering customized insurance plans to meet the specific needs of the customers. The value of the coverage policy is lower compared to other insurance plans because of which the policyholder pays smaller premiums to the insurance company than in the case of a usual plan. The micro-insurance market is stronger in developing countries which offer high growth opportunities for the insurance industry.

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Key vendors:
- AIG Philippines
- Asian Life and General Assurance
- CARD Pioneer
- CLIMBS Life

Other prominent vendors:
- AFP General lnsurance
- PNB MetLife
- xMicroEnsure

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Market Driver:
- Encouraging regulatory environment
- For a full, detailed list, view our report

Market Challenge:
- Lack of trained staff to explain insurance products to the poor
- For a full, detailed list, view our report

Market Trend:
- Increase in financial inclusion programs
- For a full, detailed list, view our report

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