?

WHAT IS MICROINSURANCE?

Microinsurance is a form of insurance designed especially for low- and middle-income consumers in emerging markets.

Microinsurance products are usually characterised by small premiums, simple features, and benefits tailored to emerging customers’ needs.

Microinsurance requires a different approach to business process and technology; most underwriting is done at the time of claim, rather than at the time of purchase. Individual risks, such as pre-existing medical conditions, are priced into the product rather than excluded from coverage. As a result, microinsurance is uniquely designed to operate at scale; rather than providing $1,000,000 coverage to 1,000 people as in traditional insurance, microinsurance provides $1,000 coverage to 1,000,000 people.

Two people

The role of MicroEnsure

We design, build and provide specialist insurance services that enable millions of people to have protection against life’s risks.

Working closely with selected third parties such as telecoms companies, banks and microfinance institutions (MFIs), we make sure that as many customers as possible have access to insurance products.

WHAT WE DO HOW WE DO IT
tech

TECHNOLOGY AND INNOVATION

Historically, insurance providers have found it difficult to service mass-market customers living on low levels of income. 

There have generally been barriers such as cost, accessibility, customer understanding of the products and even things such as documentation required to make a claim which have all proven to be problematic.

That’s why we’ve developed truly innovative ways of using technology to make this process as simple as possible. What we’ve done is fundamentally change the way that insurance is available across the world, especially for the most vulnerable.

OUR MODEL
form

Learn more

For more information, Contact Us or visit a local MicroEnsure office.

LOCATIONS