A vibrant ‘insurance movement’ is “disrupting the historical status quo of insurance coverage access being largely confined to medium to high income urbanites,” says the General Secretary of the United Nations Capital Development Fund (UNCDF).
Preeti Sinha says this movement “is buoyed by growing interest from insurance companies to explore mass markets as well as by support from government and central banks.”
Insurance rates in the Pacific are low, with just 15% of Fiji adults having some sort of insurance, less than half of that from rural areas and most accessing insurance through their employers . . .
