Forecast the Global Micro Insurance Market to Grow at a CAGR of 8.2% by Revenue During the Period 2016-2020

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About the Microinsurance Market

Microinsurance products are coverage policies targeted at households with low-income levels. These plans provide tailored insurance policies for individuals with little or small saving plans. They offer lower value assets and compensation for injury, illness, or death to a person compared to other insurance policies. Microinsurance companies assist the not so well off by offering insurance plans that are tailored to their specific needs. The coverage value of the policy is lower than a typical insurance plan. Therefore, the insured customer pays considerably smaller premiums to the insurance company. The presence of the microinsurance market is strong in developing countries with high growing opportunities.

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Technavios analysts forecast the global microinsurance market to grow at a CAGR of 8.2% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global microinsurance market for 2016-2020. To calculate the market size, we consider the total amount of microinsurance from the Americas, APAC, and EMEA.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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