National Bank of Ethiopia Set to Regulate Micro Insurance Services
The National Bank of Ethiopia (NBE), the country's central bank is drawing up a policy framework and drafting a directive which will regulate micro insurance business in Ethiopia. Micro-insurance targets low income people without access to the mainstream insurance services – is still at its earliest stage in Ethiopia.
Insurance companies have been giving micro insurance services as early as 2011 through international financing from organizations like International Labor Organization (ILO) and Milliman Consulting targeting crop, livestock and life insurance services.
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