To succeed in achieving these goals we rely on our values, culture, and capabilities. This enables us to continuously assess the beliefs and assumptions that underpin our strategies, and adapt our strategies as circumstances dictate.
Currently most micro insurance schemes are run as small pilot type arrangements and continue to face a number of regulatory and operational challenges. I am informed that a policy framework paper has now been developed by the micro insurance working group set up by the Insurance Regulatory Authority and the same has been forwarded to the Ministry of Finance for further attention.