Driving Insurance and Financial Inclusivity through Digital Micro Insurance

Insurance is a crucial financial instrument that protects against losses, stimulates economic activity, and prompts sustained consolidation of capital. However, insurance penetration has been consistently low in developing countries. This PoV explores how the infusion of digital technologies in micro insurance has the potential to spur massive social mobility among lower-income segments. By efficiently providing access to insurance mechanisms, digital micro insurance (DMI) provides greater opportunities, facilitates financial inclusion, and promotes the overall wellbeing of the underserved parts of society.

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