KARACHI: Microinsurance could help the poor to recover from the aftershocks of disasters, said International Labour Organisation’s (ILO) Microinsurance Innovation Facility (MIF) Chief Craig Churchill in a workshop on Tuesday.

The training workshop, organised by the Institute of Capital Markets (ICM) jointly with the ILO’s Geneva-based MIF, sought to achieve the objective of streamlining the approach of insurers and microfinance providers towards microinsurance as a sustainable business to explore ways for value enhancement.

“It is felt that in the absence of any formal risk management and mitigation tools available to the low-income population, especially in case of natural disasters such as floods and earthquakes, microinsurance can hugely serve as a potential mechanism to support the government in helping out the less fortunate, thus alleviating poverty,” said a statement.

Published in Dawn, October 1st, 2014