SMEs at starting stage face high uncertainties in production and operation. They have little capacity to provide collateral, nor do they have credit record and transparent information. Hence, it is difficult for commercial banks to accurately judge the yield and risk of the potential loans, thus impeding the lending.
On this front, a huge relief is afforded to those covered by medical insurance as they are able to access the much needed treatment through insurance. This is where companies like FijiCare play an important role. Ladies and gentlemen, it is no secret that providing medical insurance is a tough business with high net loss ratios.