Microfinance institutions authorized to market insurance products

microfinanceAn implementing legislation, published on 7 May 2021, now authorizes microfinance institutions to distribute insurance products to the public.

The new regulation applies to the following products

  • fire and natural events insurance
  • agricultural risk insurance :
    • hail insurance
    • livestock mortality insurance
    • crop fire insurance
    • greenhouse insurance
  • other property and casualty insurance
  • assistance insurance
  • life insurance and capitalization
  • bodily injury insurance
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