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Mobile Phones Boost Insurance Sales

More people are signing up for insurance products using their mobile operator, thereby deepening the penetration rate for micro-insurance in the country over the past three years. A 2014 National Insurance Commission (NIC) study found that 28 percent of people have a micro-insurance product either through a mobile operator, savings account, or in a loan product. Mobile operator tigo and, more recently, Airtel and MTN now offer micro-insurance policies to their...

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