The proposed JFPR project aims to support a sound development of microinsurance as part of microfinance services to protect the poor from numerous contingencies and reduce severe poverty incidence. There are 3 components in the Project: (i) review the current insurance regulations and recommend to improve it to become more conducive to microinsurance develoment (Component A); (ii) enhance capacity of regulators and microinsurance providers through training and mentoring (Component B); and (iii) formulate and conduct a financial literacy program to increase access to microinsurance for the poor (Component C).
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