Articles by Lee Ng
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Tuesday
December 19
2017Supplemental Safety Net: An Innovative Model Paves the Way for Inclusive Insurance in China
Hundreds of millions of people in China still remain outside the formal financial system, and insurance is one of their biggest unmet needs. Yet the country's insurance industry tends to focus on more affluent customers, and its public safety net isn't adequate for lower-income people's needs. YiBao, an insurance research, development and marketing consultancy, takes an innovative (and award-winning) approach to making the commercial insurance market work for the country’s low- and moderate-income households.
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