Less than 5% of the population in Africa and Asia are covered by insurance, however, more than 80% of households report suffering a financial shock each year due to an insurable risk, such as a serious health event, drought, flood, or death in the family. With a high exposure to risk alongside a lack of formal risk protection, emerging consumers are likely to struggle to escape the cycle of poverty and achieve middle-income status. MicroEnsure are committed to change this dynamic by providing widely-available, affordable, and sustainable solutions, helping to ensure that, for the first time, millions of emerging consumers have a safety net that keeps them from falling back into poverty in the event of an unanticipated financial shock.
MicroEnsure engages throughout the insurance value chain to address key challenges in micro insurance: designing, pricing, managing, and distributing affordable policies to the mass market. As an insurance intermediary, we partner with insurance carriers and distributors, including telecoms, banks and microfinance institutions, to provide unprecedented access to valuable insurance coverage for vulnerable populations.
With 208 employees across our global footprint, MicroEnsure has launched more than 200 micro insurance products in Africa and Asia across a range of product risk categories serving more than 56 million low income customers. MicroEnsure continues to deepen its penetration within our existing countries of operation including India, Bangladesh, Pakistan & the Philippines in the Asia region and Ghana, Nigeria, Tanzania, Malawi and Kenya in the Africa region. MicroEnsure continues to innovate and grow, seeking to further expand our business model into new geographies to provide access to simple, affordable insurance for the mass market.
For More details, please visit us at https://microensure.com/