Posted on August 26, 2008 - by James

ILO announces provisions for microinsurance grants…

Innovation grants

Insurance innovation involves venturing into uncharted territory and taking risks in order to create benefits for the consumers, such as creating new mechanisms for premium collection, testing new ways of verifying claims, using technology to improve efficiency and experimenting with ways to educate consumers.

Over a 5-year period ending in 2012 the ILO’s Facility will provide 40 to 50 innovation grants, totalling US$18 million through biannual… [click here to read the rest of this article...]

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