The world's first insurance intermediary for the poor
MicroEnsure is an insurance intermediary dedicated to serving
the poor throughout the developing world with an affordable and
appropriate range of insurance products.
We reach out to large numbers of the poor with low-cost
insurance products designed to match their needs. At the same time,
we negotiate with insurance companies on behalf of our clients to
keep premiums to a minimum. Our aim is to achieve sustainability
for insurance companies, product distributors, and clients.
In order to distribute our products effectively, we seek to work
in partnership with organizations that are currently serving the
poor such as microfinance organizations, rural banks and SACCO's,
as well as humanitarian organizations that are providing
non-financial services. In addition, we serve other social
aggregators including trade unions, professional associations, and
faith-based networks
Key to minimizing the cost of microinsurance is the
sophisticated MIS system employed in our back office processing
that tracks details of clients covered, collects premiums and
administers claims.
By acting as an intermediary, MicroEnsure is well-positioned to
extend insurance coverage very efficiently with simple,
understandable, and scalable products. Our extensive market
research and insurance expertise ensures that we can design
products that address the real financial risk management needs of
the poor.