Gov't seeking to introduce micro-insurance to safeguard against climate events

Finance Minister Dr. Nigel Clarke has said the Government is looking to introduce micro-insurance as part of overall policy safeguards against risks associated with climate and weather-related events.
Dr. Clarke said the policy initiative, aims to broaden and deepen the penetration of peril risk insurance among homeowners and business operators.
He said the proposed legislation is intended to make insurance a more attractive and more accessible product for those on small incomes and for small and microenterprise businesses.
He was speaking Wednesday at the opening of the European Investment Bank 2020 Caribbean Roadshow two-day symposium, in St. Andrew.

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