© MiCRO 2011 - All Rights Reserved
Welcome To MiCRO
The vision of MiCRO is a world in which the uninsured have access to the
affordable and appropriate risk management tools that are essential to
The mission of the Microinsurance Catastrophe Risk Organisation is to
empower those living in poverty to manage their risks in a sustainable and
fair manner by bridging the divide between global markets and the most
vulnerable. MiCRO is a social enterprise committed to operating in a
financially sound manner.
Micro insurance Catastrophe Risk Organisation SCC
c/o Marsh Management Services (Barbados) Ltd
2nd Floor, Bldg 1, Chelston Park
St Michael, BB11000
What is MiCRO? MiCRO is a licensed (re)insurance company that can do business in
any country in the world. It issues (re)insurance protections for catastrophic (cat)
events tailored to your specific needs.
What makes MiCRO different? Other cat microinsurance solutions use parametric or
indemnity policy formulations, both of which have benefits and disadvantages. MiCRO
combines the two in a unique way by developing an industry-first basis risk transfer solution.
Who can buy a policy from MiCRO? Customised programmes can be created for
almost any kind of entity. MiCRO was established to support the provision of microinsurance
solutions to the most vulnerable populations living in poverty.
Features of MiCRO
Customisable: Policy can be designed to suit your organisation
Replicable: Initial introduction in Haiti; MiCRO can develop catastrophic risk transfer
solutions nearly anywhere in the world
Sustainable: Designed and supported by private commercial enterprises with
targeted public-sector support
Efficient: Parametric policy streamlines programme administration and payout
process reducing reliance on aid for disaster recovery
Interest Alignment: Cell structure enables segregation of regional/company liabilities
(for a more detailed presentation, click here)