Microinsurance arrives in Morocco

The Marocaine Vie and the Inmaa association for microcredit are about to launch a death and a workmen's compensation insurance within the framework of a microinsurance program. The targeted customers are first of all those who have underwritten a microcredit scheme at Inmaa (10 000 customers). The cost of such covers is of 22 MAD (2.6 USD) per product per year. the marketing will be carried out through Inmaa's network which has 31 agencies in 9 regions. Microinsurance has been possible only in recent months thanks to the publication in the official gazetteof an outline law defining its application.