By: Víctor Hugo Luque
Year of the Olympics
The first Olympic Games in modern times were held in Athens in 1896. As of that date, every four years athletes from all over the world compete under the motto “faster, higher, stronger,” chosen by Baron Pierre de Coubertin, founder of the modern games. Since then, with the exception of the XII and XIII games that were canceled during the Second World War, the attention of the sports world has been focused on the competition held in the host city designated by the International Olympic Committee, as was the case of Mexico City in 1968.
Microinsurance: A Tool Against Poverty
Introduction
“Microinsurance” is the generic name given to certain type of insurance designed specially to cover some contingencies faced by low-income people. Microinsurances should have special characteristics, such as small insured sums and low premiums. This is because the insured sums should be according to the patrimony of a low-income person, and the premium should be affordable. Another microinsurance key feature is that it should operate with extremely simplified mechanisms that reduce as much as possible administrative costs in order to keep low premiums. (Churchill, 2009).
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