Microinsurance coverage rises in the Philippines

Thursday, January 30, 2014

“Microinsurance coverage in the Philippines is the highest among Asian emerging economies at 20.4% of the total population,” Finance Undersecretary Gil S. Beltran said in an economic bulletin released by the department yesterday.

The country is followed by Thailand (14.1%), India (8.9%), Bangladesh (6.1%), Malaysia (3.6%), Pakistan (3%), China (0.9%), Indonesia (0.5%) and Vietnam (0.2%).

Source: Business World Online (link opens in a new window)

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financial innovation, microfinance, microinsurance