- Expansion of Microinsurance and Inclusive Insurance
Microinsurance and inclusive insurance are two innovative insurance models that are making insurance accessible to underserved populations in Europe. Microinsurance is a type of insurance designed for low-income individuals and small businesses, while inclusive insurance aims to meet the needs of vulnerable groups such as women, farmers, and informal workers.
These models are based on digital technologies and innovative distribution channels that make insurance more affordable and accessible to those who need it most. By expanding insurance coverage to previously underserved segments of the population, these insurance models can help to reduce poverty, increase economic resilience, and promote social inclusion.
Overall, microinsurance and inclusive insurance are playing an important role in addressing the insurance gap in Europe and creating a more inclusive insurance market.