Podcasts Government Asia's Developing Future Global micro insurance can help reduce poverty

Global micro insurance can help reduce poverty

Published: July 6, 2017, 2:55 a.m.

Micro insurance could potentially reach 3 billion people and earn the industry up to $30 billion from insurance premiums. But only about 5% of the total market in Asia, Africa, and Latin America is covered, and only about 20% of micro insurance is being distributed by microfinance institutions globally. Micro insurance must expand globally to meet the needs of the poor.\n\nRead the transcript\nhttp://bit.ly/2sIvAJV\n\nRead the full policy brief\nhttps://www.adb.org/publications/financial-inclusion-digital-age\n\nAuthors\nShawn Hunter\nDavid Dole https://www.adb.org/adbi/about/staff-profiles/david-dole\nValdimir dela Cruz https://www.adb.org/adbi/about/staff-profiles/valdimir-de-la-cruz