The Manila TimesNov 8, 2021Cebuana Lhuillier, GIZ and AXA PH launch first micro insurance for MSMEsWHEN natural disasters and calamities strike, micro, small and medium enterprises (MSMEs) are one of the most vulnerable segments.This assumes further significance when we take into account that the Philippines ranked ninth in the world among countries with extreme weather events in the 2020 World Risk Index, according to the Congressional Policy and Budget Research Department by the House of Philippine Congress.Since MSMEs make up the majority of businesses in the Philippines today, Cebuana Lhuillier has teamed up with AXA Philippines and the German Development Cooperation/Deutsche Gesellschaft für Internationale Zussamenarbeit (GIZ) GmbH (GIZ) to unveil its newest micro insurance product, the MicroBiz Protek Jr., which will help insure micro enterprises against typhoons, floods, earthquake, lightning and fire for an annual premium as low as P172.Read more at The Manila Times
WHEN natural disasters and calamities strike, micro, small and medium enterprises (MSMEs) are one of the most vulnerable segments.This assumes further significance when we take into account that the Philippines ranked ninth in the world among countries with extreme weather events in the 2020 World Risk Index, according to the Congressional Policy and Budget Research Department by the House of Philippine Congress.Since MSMEs make up the majority of businesses in the Philippines today, Cebuana Lhuillier has teamed up with AXA Philippines and the German Development Cooperation/Deutsche Gesellschaft für Internationale Zussamenarbeit (GIZ) GmbH (GIZ) to unveil its newest micro insurance product, the MicroBiz Protek Jr., which will help insure micro enterprises against typhoons, floods, earthquake, lightning and fire for an annual premium as low as P172.Read more at The Manila Times
