Microfinance has not to date proved to be the most commercially viable area to expand into for many large insurers however that is changing and as regulation improves, technology is developed and the idea becomes more accepted it is beginning to be looked on as an area of potential growth and opportunity.
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Guy Carpenter have been awarded a grant by the Microinsurance Innovation Facility to allow them to develop a reinsurance facility for microfinance operations. Using the grant Guy Carpenter will create the infrastructure for a reinsurance pooling facility dedicated to microfinance risk transfer solutions. This will enable microfinance initiatives to access the global reinsurance and risk […]
Global Parametrics, the parametric and index-based disaster risk transfer company, has partnered with risk modelling specialist JBA Risk Management to design a parametric flood insurance product for VisionFund to cover flood risks in Myanmar.
Over 800 million people live within 100km of an active volcano around the world. To prepare for a potential eruption, the Danish Red Cross and International Federation of Red Cross and Crescent Societies, alongside industry partners, are planning a catastrophe bond to cover risks associated with 10 volcanoes in 4 regions. This will likely be […]
Global asset management group Schroders is set to acquire a majority stake in impact and microfinance investment management specialist BlueOrchard, the firm that is also the manager of the InsuResilience fund.
Here are the ten most popular news articles, week ending 21st January 2018, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.
Global Parametrics, a parametric and index-based risk transfer start-up that’s backed by the UK and German governments, has launched a new climate insurance initiative, targeting African and Asian smallholder farmers, alongside VisionFund International, World Vision’s microfinance arm.
VisionFund International, a division of global charity World Vision that oversees the entity’s microinsurance operations, is targeting parametric insurance and risk transfer as a way to back its innovative recovery lending programme.
Swiss headquartered weather index insurance and parametric risk transfer specialist CelsiusPro AG has launched a new disaster insurance solution designed to rapidly pay out emergency cash when earthquakes or tropical cyclones strike.
Global Parametrics, the parametric and index-based risk transfer start-up has secured the rest of its initial financing round, with a £7.9 million investment from the UK Government’s Department for International Development (DFID).