A new insurance product for the benefit of low-income populations

The German giant Allianz is planning on marketing an affordable micro insurance product for the benefit of low-income populations. Marketed through a cooperative network based on women, the product, which is poised to target 200 000 people in the first phase, could in the long run benefit 250 million potential customers living in the southern coastal parts of the country which are particularly vulnerable to the risks of natural catastrophes.