Business News Americas report here that a Swiss Re representative has declared that they will seek to replicate the Microinsurance Catastrophe Risk Organisation (MiCRO) to provide cover across several Caribbean and Latin American countries in the coming months.
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The Microinsurance Catastrophe Risk Organisation (MiCRO) facility, which was launched in April by a high-profile partnership of companies, is reported (by Microfinance Focus) to have been triggered in Haiti during recent heavy rain and flooding in Haiti. The facility provides a microinsurance product which utilises a parametric trigger to settle claims after specific catastrophes including […]
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A number of high profile organisations within the risk transfer and reinsurance industries have teamed up to help bring affordable catastrophe insurance to the Caribbean island of Haiti. The innovative, donor-capitalised insurance facility called the Microinsurance Catastrophe Risk Organisation (MiCRO), has been set up to target the country’s ‘informal sector’ – the organized poor who […]
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