First-of-its-kind report highlights enormous potential for developing mutual and cooperative insurance for the poor in India
19 July 2017
A first-of-its-kind report on mutual and cooperative microinsurance in India entitled The missing chapter of microinsurance in India: a diagnostic of mutuals has today been published by the International Cooperative and Mutual Insurance Federation (ICMIF) and Insurance Institute of India (III). This country diagnostic study was conducted as part of the ICMIF’s 5-5-5 Mutual Microinsurance Strategy. The 5-5-5 Strategy aims to provide mutual microinsurance solutions to 5 million low-income households, in five emerging markets (India, Philippines, Kenya, Colombia and Sri Lanka) over the next five years. It is hoped that this will equate to 25 million previously uninsured people having insurance cover as a result.