Small and medium enterprises (SMEs) across the region have experienced unprecedented growth in recent years, accounting for 96 percent of firms in ASEAN member states (ASEAN SME Policy Index). This is despite tough conditions such as increased political risks, higher business costs and a tighter labour market making it more difficult to attract the right talent.
For SMEs, insurance premiums may seem high and insurance coverage complex, with many SME owners not having a proper understanding of the risks, or how underinsurance can be catastrophic to them.
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