WE'RE BRIDGING
the DIVIDE
between the world’s insurance markets and the most vulnerable, low-income people.

A specialty re-insurance company, a social enterprise focused on the consequences of natural disasters, bridging the divide between the world’s insurance markets and the most vulnerable, low-income people. MiCRO’s focus is achieving the innovations that will unlock the offering of microinsurance policies that are renewed each year and achieve scale.

MORE ABOUT OUR APPROACH
01

What We Do

THE PROBLEM

The number of uninsured people world-wide is estimated to be least 4 billion. The poorest of the poor often live in conditions that leave them particularly vulnerable to natural disasters such as heavy rain, wind, or earthquakes. 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.

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02

What We Do

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.

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03

What We Do

WHY MICROINSURANCE?

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.

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OUR PARTNERS