Mobile Microinsurance Covers Over 40 Million People in Asia

Date: 
23 Nov 2016
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Mobile Network Operators (MNOs) provided microinsurance coverage through mobile phones to more than 40 million people in Asia, estimates a new study on mobile insurance in the region, carried out by the Microinsurance Network and Munich Re Foundation, based on 2013-2016 data.

“The study is part of a series of microinsurance landscape studies which feed into the World Map of Microinsurance, an initiative mapping the landscape of microinsurance worldwide,” explains Henk van Oosterhout, Executive Director at the Microinsurance Network. In 2016, the initiative embarked on two studies: The Landscape of Microinsurance in Sri Lanka 2016 and Insights on Mobile Network Operators as a distribution channel for microinsurance in Asia.

Region: 
South Asia