Only 10 million out of 2 billion poor have access to insurance. Inadequate financial instruments, difficult regulatory environments for providers and the lack of information for customers are the key obstacles to reducing health, life and non-life risks for poor individuals and communities.
Together with CGAP, insurance regulators, associations and private companies, the Financial Markets and Social Safety Net group will launch a series of learning events on how microinsurance can work for poor and risk-exposed clients.
The first workshop will take place on May 7-8 in Rio de Janeiro and will focus on: improving service delivery of insurance, particularly those in the informal sector; alternative delivery channels, beyond MFIs and commercial banks; and the role for international institutions like the World Bank.
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