Local sales channels will boost growth by 50% this year
Zurich will increase microinsurance sales in developing nations of policies covering death, illness and natural disasters by 50% this year, Bloomberg reports.
It is setting up local distribution deals in:
- China
- Mexico
- Bolivia
- Venezuela
- South Africa
- Indonesia
- Jordan
Brandon Mathews, head of Zurich’s microinsurance unit, said: “Policies this year currently cover around 1.5 million microinsurance customers in developing nations.”
“Between 2007 and 2008 we had over 100% growth, and between 2008 and this year, we expect about 50% growth. You hit these plateaus because you sign up with distributors, which brings millions of customers.”
Websites
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
