Microinsurance

Cameroon

IFC and Activa join forces to increase women’s access to insurance in Cameroon. Press release, March 17, 2021.
As part of the Activ Lady Program, health coverage will be provided for low-income women, including traders commonly known as “Buyam-Sellams” and women working in cooperatives.

Colombia

The BBVA Microfinance Foundation facilitates access to health insurance for low-income women. Press release, March 3, 2021.
BBVA offers tailored and accessible insurance plans (with policies priced as low as 30 cents of a euro per month), with oncology coverage and health assistance. This service facilitates access to health professionals and includes checkups such as mammography, ultrasound, clinical tests, ambulance transfers, and medical, psychological, or legal orientation via telephone. Colombia, BBVAMF’s institution, offers an oncological insurance which protects and supports women in case of breast or cervical cancer diagnosis.

Hong Kong

YAS partners with Generali to launch Hong Kong's first passenger microinsurance - RYDE with YAS. PR Newswire, March 15, 2021.
RYDE with YAS is Asia's first microinsurance for passengers. The on-demand microinsurance for passengers can protect every part of customers’ daily journey. It covers accidental death and disablement and accidental medical expenses as well as personal belongings. Customers purchase tickets, and each one lasts 1.5 hours (90 minutes), covering multiple rides within the trip, with a coverage amount up to HK$200,000.

Philippines

Peppermint Innovation (PIL) launches microinsurance product. The Market Herald, March 5, 2021.
PIL has launched a new platform to deliver life and accident insurance products to the Filipino market. bizmoProtect, launched on the new bizmoto mobile Android app 2.0, provides microinsurance via its bizmoto agent network and platform. The product options range from Basic, involving cover for accidental death and dismemberment, to Prime, which provides cover for murder, fire, accidental death, burial benefits, and death benefits if the customer dies due to sickness.