The International Development Bank recently approved a US$ 3.3 million loan to the Federacion Interamericana de Expresas de Seguros (FIDES) to increase the use of microinsurance in Latin America. Ten companies will participate in the project with the goal of designing and commercializing life, casualty and health microinsurance products.

Of the total amount of the loan, one sixth will be dedicated to Mexico, where researchers have posited that the potential market for microinsurance is some 60 million people.

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