FOLLOWING the monumental growth of microinsurance coverage in the Philippines, the industry is poised to sustain the development of the market with the release of guidelines covering the design and delivery of micro-agri, micro-health and micro pre-need products.

In October last year, the Insurance Commission adopted the Agriculture Microinsurance Framework that aims to promote the provision of micro-agri products by encouraging private microinsurance providers to “innovate and design products tailor-fitted to the needs of the agricultural clients.”

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