An Indonesian boy stands next to a wall at a flooded road in Jakarta, Indonesia, on January 2. Up to 95 per change of north Jakarta could be submerged by 2050 due to climate change, and climate-change-related insurance products are available in Indonesia. Photo: EPA-EFE
Opinion
Opinion
Eye on Asia
How insuring the poor in Hong Kong and elsewhere is becoming big business
- Microinsurance, previously the domain of NGOs, is gaining critical mass as a market and starting to attract big banks and tech start-ups, including in Hong Kong
- This is good news for the poor, whose needs for insurance have increased with climate change and the pandemic
An Indonesian boy stands next to a wall at a flooded road in Jakarta, Indonesia, on January 2. Up to 95 per change of north Jakarta could be submerged by 2050 due to climate change, and climate-change-related insurance products are available in Indonesia. Photo: EPA-EFE
