The demand for accessible and affordable insurance solutions for low-income individuals and marginalized populations is anticipated to propel the growth of the microinsurance market at a CAGR of 6.2% from 2023 to 2031. Microinsurance refers to insurance products designed specifically for low-income individuals, microenterprises, and small-scale businesses that provide coverage for a variety of risks at affordable premiums. Microinsurance market ...
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