Microfinance institutions authorized to market insurance products

An implementing legislation, published on 7 May 2021, now authorizes microfinance institutions to distribute insurance products to the public.

The new regulation applies to the following products

• fire and natural events insurance
• agricultural risk insurance :
  • hail insurance
  • livestock mortality insurance
  • crop fire insurance
  • greenhouse insurance
• other property and casualty insurance
• assistance insurance
• life insurance and capitalization
• bodily injury insurance