Inclusive Insurance

The Industry group serves as a coordinating body to promote and advocate for the development of Inclusive Insurance policies and regulatory regime that will enable the growth of the insurance market for the general population including low-income individuals. It will facilitate partnerships between government and private sector for educating and offering products to the poor, including the use of alternate channels for distribution.

 Progress Update: The Working Group facilitated discussions between the Insurance Council and the Office of the Insurance Commissioner to produce an annual industry wide report for PNG. The report when completed will provide the basic data on the level of insurance penetration in the country, and also determine areas where support is needed to advance uptake of micro-insurance, especially in the rural areas.

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