Microinsurance provides risk protection to 31 million low-income Filipinos (Business Mirror (Philippines))

The number of low-income Filipinos effectively extended risk cover under a so-called microinsurance program grew by leaps and bounds over the past five years, from only 2.9 million in 2009 to 19.8 million in 2012 and finally to 31.1 million just last year. This was bared in a study report underwritten by the German International Cooperation…