Typhoon parametric insurance in China
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The majority of small and micro-enterprises (SMiEs) do not buy insurance in Chile. Only a few products are offered in Chile, mainly focusing on larger SMiEs, and uptake remains low. This new product has the potential to be more successful because it is simple and offers a broad scope of cover. It can be marketed through a distribution channel that caters for small and micro-enterprise development, such as a bank.