Supplemental Safety Net: An Innovative Model Paves the Way for Inclusive Insurance in China

Primary tabs

Supplemental Safety Net: An Innovative Model Paves the Way for Inclusive Insurance in China

Image courtesy of NextBillion.com

Image courtesy of NextBillion.com

tweet me:
via @NextBillion - Supplemental Safety Net: An innovative model paves the way for #InclusiveInsurance in #China http://bit.ly/2Bo3N5Y @MetLife
Thursday, December 21, 2017 - 9:15am

CAMPAIGN: Financial Inclusion

CONTENT: Article

Despite rapid economic growth that has benefited many, hundreds of millions of people in China still remain outside the formal financial system without access to safe and affordable financial products. One of the biggest unmet financial needs is insurance. Salaried and wage-earning Chinese workers sometimes have insurance through their jobs, but many employees, especially those in social services, are severely underserved, and casual or self-employed workers are likely to have no coverage at all. China’s government recognizes that its current efforts to build a basic social security safety net can be complemented by private insurance expansion. The challenge—hardly unique to China—is how to make the commercial insurance market work for large numbers of the country’s large population of low- and moderate-income households.

To read the full article, visit NextBillion.com.

Keywords: Sustainable Finance & Socially Responsible Investment | China | Corporate Social Responsibility | Decent Work and Economic Growth | Economic Empowerment | Inclusive Insurance | MetLife | Sustainability | Sustainable Finance | Sustainable Growth | YiBao

CAMPAIGN: Financial Inclusion

CONTENT: Article