Milliman advises on expanding inclusive insurance coverage in Pakistan
What happened
Michael J McCord, Managing Director of MicroInsurance Centre at Milliman, spoke at a Securities and Exchange Commission of Pakistan Talk Series on inclusive insurance. He highlighted that Pakistan has potential to expand insurance coverage for underserved households, farmers, workers, and small businesses. McCord stressed that insurance products must be affordable, easy to understand, and responsive to consumer needs.
From tribune.com.pk
Why it matters
Expanding inclusive insurance could strengthen social protection and support progress toward Sustainable Development Goals in Pakistan. Milliman also emphasized that insurers must build public trust by ensuring timely and reliable claims' payments.
From tribune.com.pk
Who's involved
- MillimanAdvised on insurance market expansion and inclusive coverage in Pakistan
- Securities and Exchange CommissionHosted the session on inclusive insurance in Pakistan
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MillimanSpeculative
Insurers might increase the supply of affordable microinsurance products to low-income families and farmers.
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The entities involved
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Milliman
international actuarial and consulting firm
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Pakistan
sovereign state in South Asia
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Securities and Exchange Commission
government agency of the Philippines