insurance

The Rise of Parametric Insurance: A Game-Changer in Finance and Risk Management

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In 2025, the financial and insurance sectors are changing fast. Parametric insurance is leading this change. It’s a new way to handle risks, making insurance more efficient and clear. Let’s explore how parametric insurance works, its benefits, and its growing role worldwide. What Is Parametric Insurance? Parametric insurance pays out based on specific events, like weather or earthquakes. … Read more

Unemployment funding and tax

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Unemployment Insurance Fund (UIF) The UIF is mandated to alleviate poverty by providing effective short-term unemployment insurance to all workers who qualify for unemployment and related benefits, as legislated in the Unemployment Insurance Act of 2001. Over the medium term, the fund aimed to focus on providing social insurance benefits and improving coverage to vulnerable … Read more