Eddie C.的动态

The Rise of Microinsurance in the Philippines: Affordable Coverage for All The Philippines, a nation marked by its rich culture, resilient people, and diverse environments, faces significant challenges related to poverty and vulnerability. With a considerable segment of its population earning less than a living wage, the need for affordable insurance options, as a tool for risk management, has become increasingly evident. Microinsurance has emerged as a promising solution, aimed specifically at low-income individuals and families, providing them with access to financial protection against various risks. Understanding Microinsurance Microinsurance is defined as insurance tailored for low-income clients, featuring low premiums and benefits that c... Read more https://lnkd.in/gPJcZcdF #Affordable #Coverage #Microinsurance #Philippines #Rise

?? Namibia's Non-Banking Financial Institutions reached an impressive N$419.4 billion in assets by the end of 2023! ?? Despite economic challenges, the sector remains stable with well-capitalized insurers and secure retirement funds. However, medical aid funds are under scrutiny due to rising health costs. Dive into the latest report from Namfisa CEO Kenneth Matomola and see what’s driving Namibia's financial stability! ?? #NamibiaFinance #NBFI #FinancialStability #Namfisa #Insurance #PensionFunds #MedicalAid #EconomicDevelopment #FinancialSector #Investment #NamibiaEconomy #StableFinance #EconomicGrowth #BCS #FinancialMarkets

More money in your pocket: The Working Canadians Rebate #CanadaRelief #TrudeauGovernment #GSTReduction #CostOfLiving #CanadaNews #FinancialHelp #CanadianEconomy #ReliefMeasures #MoneyInYourPocket #CanadaUpdates

#Top10News | From the Financial Regulatory Authority (FRA) announcing a decision regulating the issuance and distribution of new standard insurance policies electronically to the remittances from Egyptians working abroad jumping 43% year on year in the first nine months of this year, the five working days ended on November 28th have been dominated by interesting news headlines that should not be missed. The following are snippets of the top news stories posted from November 24th to 28th. Check it now > https://shorturl.at/tltxd #ArabFinance #Egypt #Economy #News

Financial resilience of impoverished households in Ghana: the significance of Microinsurance. The ongoing economic crisis in the Ghanaian economy underscores the importance of strengthening the financial stability of poor households through inclusive financial services. Given the increasing reach of microfinance and credit, can microinsurance enhance the benefits derived from microfinance and credit facilities? https://lnkd.in/gEWJDbWi

It's important to prioritize financial wellness by setting realistic goals as the rising cost of living is squeezing the wallets of many Nigerians, especially relatively fixed income earners. #howtomake #reducespending #increasesavings #FinancialWellness #makemoneylastlonger

Income Replacement Benefit is a key feature in insurance policies that ensures financial stability if you’re unable to work due to illness or injury. It provides a monthly payout to cover lost income, helping maintain your lifestyle and meet obligations while you recover. In South Africa, this benefit can be crucial for professionals, freelancers, and self-employed individuals who rely heavily on their regular income. Have you thought about the impact of you losing your income? For more on comprehensive income replacement cover contact Lonfin Group Lonfin Wealth Bluestar Financial Advisory Services-Authorised by Sanlam #Insurance #IncomeProtection #IncomeReplacement #FinancialSecurity #SouthAfrica #RiskManagement #StayProtected #WealthManagement

Treasury officials describe Kenya’s debut diaspora bond - estimated at $200m-$500m - as “market testing.” World Bank’s MIGA to aid Treasury draft key modalities, which will determine the final quantum. Bond offer slated for 2nd half of the upcoming 2025/26 budget cycle. By June 2025, at the time of budget reading, the modalities will be out. Nigeria has similar diaspora bond plans but unlike Kenya, intends to price it in dollar terms to give investors some forex-risk cushioning. Kenya’s bond will be in local currency, a key factor likely to make it less attractive unless baked with some tax incentives and/or higher interest rates.

The Office of the FAIS Ombud in South Africa has announced the publication of the Ombud Council Rules for the Ombud for Financial Services Providers, effective from 1 July 2024. Key Updates: 1. Increased Jurisdictional Limit: - The compensation limit has been raised from R800,000 to R3,500,000. - This change allows the Office to offer greater assistance to complainants, especially in cases involving retirement advice and post-retirement transactions. 2. Updated Rules and Processes: - The revised Rules align with best practices and provide updated descriptions for processes. - The Office will no longer handle complaints against unregistered Financial Services Providers, referring such cases to the Financial Services Conduct Authority. 3. Enhanced Consumer Protection: - Consumers are encouraged to verify the registration status of their financial services providers. - The Office's services will not be available for complaints related to unlawful unregistered entities. 4. Anticipated Increase in Complaints: - The Office expects a potential rise in complaints but is prepared to handle the increased workload. 5. Complaint Resolution Process: - Complaints must first be addressed with the respondent, allowing six weeks for resolution before involving the FAIS Ombud. - The Premature Complaints Handling Process continues to facilitate many resolutions within this period without formal investigation. The new Rules aim to ensure that customers have access to affordable, effective, independent, and fair alternative dispute resolution processes for complaints about financial institutions and services. For more details, read the full-text of the rule here - https://lnkd.in/gxfdm48R Stay informed on the latest regulatory updates and insights with Global Regulatory Insights. #FinancialServices #FAISOmbud #ConsumerProtection #RegulatoryUpdates #GRI #SouthAfrica

Each step, each day making microinsurance distribution more feasible through easing its acces thus profitability .We can do this !!