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Managing Risks (More) Effectively: Rethinking Insurance for MSMEs

MSMEs form the backbone of many economies globally and give rise to economic growth, employment
and innovation. Whilst COVID-19 has especially exposed the vulnerable MSMEs to a high level of risk, the pandemic is just one infrequent and specific risk. Across the world there is a lack of adequate MSME insurance.

This report by CENFRI  on the note produced by the  Microinsurance Network draws on the joint expertise and experience of group members to articulate the challenges for MSME insurance and identifies key considerations and opportunities to rethink the approach to MSME insurance.


Cenfri is an independent, not-for-profit think-tank. As recognised thought leaders on matters relating to financial-sector development in emerging markets, we generate deep insights and solve complex development problems.