Senegal: Microinsurance institution gets official launch

Jan 14, 2011

A new microinsurance institution for young entrepreneurs (Mecjes) has been launched in Senegal, in partnership with the French non-governmental organisation Cidr.

According to figures from the body, 80 percent of people in Senegal are not covered by medical insurance.

"The majority of people in Senegal, mainly workers with low or irregular income, are finding it very difficult to get medical treatment," Jean Pierre Babacar Diouf, member of Cidr, told the Walfadjri newspaper.

He explained that Mecjes will mainly target workers such as craftsmen, carpenters and builders, via a network of microcredit institutions.

Youssoupha Wade, Head of the national union CNDS, believes microinsurance is the appropriate solution to supply medical cover to Senegalese people. He mentioned in an interview with Le Soleil newspaper the example of carriers, who successfully created their own mutual insurance company.

The Senegalese government aims to get at least 50 percent of the population insured by 2015.