Why Insurers are Looking to Kenya’s Low-Income Earners for New Business

Tuesday, March 25, 2014

In insurance practice, there are generally two justifications given for microinsurance. One is the desire to continue building a market for insurance products. And the other is rather humanitarian — to help people, particularly low-income earners, avoid the debt traps caused by borrowing cash at extortionate interest rates.

Source: Standard Digital Business (link opens in a new window)

Categories
Uncategorized
Tags
financial inclusion, microfinance, microinsurance, poverty alleviation