Microinsurance in the Philippines could become as successful as microcredit as it is expected to gain ground amid increasing number of providers and rising demand, Finance Undersecretary Gil S. Beltran said Tuesday. Read the rest of this entry »

MANILA, Philippines – Eligible small farmers and fishers will now be able to avail of either agricultural production or microfinance loans with an interest rate of 15 percent per annum following approval by the Agricultural Credit Policy Council (ACPC) of the depository mode scheme of the Agro-Industry Modernization Credit and Financing Program-Cooperative Banks Agri-Lending Program (AMCFP-CBAP). Read the rest of this entry »

MANILA, Philippines – The Philippines, along with India and Indonesia, offer the biggest opportunities for the fledgling microinsurance industry, which has a potential market of three billion people, a Reuters report said. Read the rest of this entry »

When a young woman living in a small village in India became ill, the treatment she received reflected how microinsurance can bring technology that improves health and reduces poverty even to the remotest places. ILO Online reports from India on how micro-insurance providers using technology are paving the way to poverty reduction and sustainable development. Read the rest of this entry »

THE PHILIPPINES, India and Indonesia offer the biggest opportunities for the fledging microinsurance industry, which has a potential market of 3 billion people, industry officials said on Tuesday. Read the rest of this entry »

MANILA, Philippines – More than 3,500 rural, thrift, and cooperative banks were given the green light by the Bangko Sentral ng Pilipinas (BSP) to sell microinsurance products as part of efforts to eliminate informal insurance schemes and at the same time put an end to the unauthorized provision of insurance products. Read the rest of this entry »