SECP’s microinsurance roundtable today

SECP’s microinsurance roundtable today

ISLAMABAD: The SECP is organizing a Business Policy Roundtable on Microinsurance to highlight the importance of microinsurance for low-income people, farmers, and small businesses.

The event is scheduled for October 16,2012 at a local Hotel in Karachi. The roundtable would discuss the ways to use microinsurance as risk mitigating mechanisms to safeguard the small businesses and farmers from external shocks, says a statement issued by the Commission here today.The introduction and awareness about micro insurance facilities is become vital following the devastating floods of 2010 and 2011 that caused huge losses to small farmers.

Moreover, the micro-insurance can also be an effective complement to existing social protection programmes of the government.  The conference will be chaired by Asif Arif, Commission Insurance Division, SECP, and will be largely attended by representatives of the World Bank and insurance companies. – Nation