Microinsurance Catastrophe Risk Organisation

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 […]

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 […]