What is Microinsurance?
On a daily basis, the poor around the world face a multitude of risks that threaten to derail any progress they have made to work their way out of poverty.
The death of a family member, loss of property and livestock, illness, and natural disasters each pose unique dangers. Protecting people against these losses is an important step to alleviating global poverty.
'Micro insurance is the protection of low-income people against specific perils in exchange for regular monetary payments (premiums) proportionate to the likelihood and cost of the risk involved'MicroEnsure seeks to provide a suitable solution for managing these risks.
Over Half a Million Lives Covered in Tanzania
MicroEnsure has experienced remarkable growth in Tanzania and now covers a landmark 600,000 lives in the country.
Credit Health Launches in Ghana
MicroEnsure Ghana is launching credit health insurance to further support microfinance clients in West Africa.
MicroEnsure Philippines Responds to Victims of Typhoon Sendong
With around 20 tropical storms or typhoons a year the threat of natural calamities is constant in the Philippines.
Scaling Up Weather Index Microinsurance
IFC support for MicroEnsure’s weather index insurance in Tanzania demonstrates the viability of scaling up weather index microinsurance.
