MiCRO IS BRIDGING
the DIVIDE
between the world’s insurance markets and the vulnerable population who do not have access to insurance against natural disasters About MiCRO

MiCRO is a specialty reinsurer that was created to offer risk transfer solutions against natural disasters that protect the vulnerable population who do not have access to insurance.

MiCRO's ultimate goal of achieving scale, market creation and greater risk management inclusion.

About our Approach
01

THE PROBLEM

The number of uninsured people world-wide is estimated to be least 4 billion. The poor often live in conditions that leave them particularly vulnerable to natural disasters such as heavy rain, wind, or earthquakes. These natural disasters are more prominent nowadays as a consequence of climate change. Few have financial reserves to recover from disasters: a micro-entrepreneur who sells goods at a roadside stand can lose her home or entire inventory during a natural disaster. The need is great, and so is the opportunity. It is estimated that this is a $40 billion untapped market.

02

OUR SOLUTION

MiCRO creatively utilizes the latest techniques in index insurance and innovative business models. After a disaster, predefined triggers based on the magnitude of the disaster determine a fast, efficient payout. To ensure a payout which more closely matches the needs of the policyholder, MiCRO is pushing the conventional boundaries of disaster modeling and risk retention. MiCRO complements the offer of insurance products with the offer of value added services that aim to increase resilience against natural disasters.

03

OUR MICROINSURANCE PRODUCTS

Microinsurance programs help families and micro-entrepreneurs to rebuild without the need to de-capitalize and liquidate valuable assets. But the impact of microinsurance goes far beyond replacing losses. Microinsurance is also a critical development tool that can build resiliency to shocks and lower long-term humanitarian needs. With micro-insurance, entrepreneurs are more likely to invest in income-generating or risk-reducing activities, with the security that their investments will be protected.

Key Principles

People

The development of socially impactful risk management solutions that make positive improvements in economic behavior, resiliency, and usage of insurance

Key Principles

Profit

Commercial sustainability following the pilot period where, over time, the entire value chain realizes an economic incentive to continue the product offering and scale

Key Principles

Planet

A pro-active culture of preparing for and responding to natural catastrophes through risk reduction and adaptation, especially in the context of climate change

OUR PARTNERS