CONSULTATIONS ON INCLUSIVE INSURANCE ENDED IN HONIARA

A consultative workshop on inclusive insurance has ended successfully in Honiara.

Organised by the National Financial Inclusive Taskforce of the Central Bank of Solomon Islands (CBSI), the workshop aims to raise discussions among key stakeholders on how inclusive insurance can be embedded into national financial inclusion priorities.

Central Bank Governor Denton Rarawa says micro-insurance focuses on low cost- protecting low-income earners.

Governor Rarawa adds Pacific islanders are prone to natural disasters and it is vital that low-income earners can protect themselves through inclusive insurance.

“And in the Pacific, as we all know, are very prone to natural disasters such as cyclones, earthquakes, tsunamis, floods. It’s very important especially those at the lower end of the income level protect them as well, so I think that’s the focus of our gathering this morning in trying to come up and discuss ideas and to see how best we can work in this space. As we all know we cannot expect the Government and the donors to rescue us every time there’s a disaster.”

Mr. Rarawa says, CBSI is working on a draft guideline for adoption by the Pacific Islands Regional Initiative.