MicroEnsure
MicroEnsure is an insurance intermediary dedicated to serving the poor throughout the developing world with an affordable and appropriate range of insurance products.
They reach out to large numbers of the poor with low-cost insurance products designed to match their needs. At the same time, they negotiate with insurance companies on behalf of our clients to keep premiums to a minimum. Their aim is to achieve sustainability for insurance companies, product distributors, and clients. In order to distribute our products effectively, they 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, they 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. Their extensive market research and insurance expertise ensures that they can design products that address the real financial risk management needs of the poor.