Client impact
MicroEnsure seeks to serve the economically active poor who live on $4 per day or less in developing countries. We believe that through insurance, our clients will receive the following benefits:
| Economic: | A safety net to reduce economic set backs |
| Physical: | Access to healthcare as and when it is needed |
| Social: | Increased ability to keep children in education, increased opportunity for women to make positive choices, improved health, greater confidence in the future |
| Spiritual: | By standing against corruption, we will be transparent in all our business, and we aim to provide first class service for our clients based on strong ethical foundations |
We believe that client education is an important and necessary task to ensure that the poor are able to understand risk management, insurance products, and make informed choices when buying financial products. We have developed an insurance module specifically designed to train our distribution partners and provide informative education materials that can be easily understood by clients.
Once these training and education programmes have been successfully established, the longer term aim is to measure the impact of financial education in the market. Plans are being developed to establish a financial literacy index that will become a baseline for future client impact measurement.
The client stories that follow provide anecdotal evidence of the benefits clients have received from taking out various microinsurance products that we have designed in Africa and Asia.
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.
