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CIC teams up with Philippines company to deepen micro-cover reach
CIC Group Chief Executive Officer Patrick Nyaga.
CIC Insurance Group has partnered with Philippines’ largest microinsurance provider as it ramps up low-cost covers to strengthen a segment it pioneered 26 years ago.
The insurer, which secured a licence for a micro-insurance subsidiary in October last year, has partnered with CARD Mutual Benefit Association (CARD MBA), becoming the latest underwriter to turn to Asia for expertise in scaling uptake of covers targeting the informal sector.
