2  BIS central bankers’ speeches  The development of the micro-insurance industry will ensure that low income households can live life with dignity especially in times of adversity. Improved access to financial services for low income residents is definitely needed.
The Reserve Bank is working on developing a sound regulatory framework, with low barriers and more awareness and consumer protection, to ensure the viability of the micro-insurance industry in Fiji. There are a number of obstacles that hinder the growth of micro-insurance.