MicroEnsure

About

MicroEnsure is a specialist provider of insurance to the low and middle-income market with more than four million active clients in 13 markets across Africa, Asia and the Caribbean.

Story

MicroEnsure provides a range of life, health, property and weather index products via a range of distribution partners that include microfinance companies, co-operatives and mobile network operators.

The team at MicroEnsure started working on developing its model in 2002 and established itself as the Micro Insurance Agency in 2006, which was then renamed as MicroEnsure in 2008.

In 2013, Opportunity International divested its majority stake in MicroEnsure and the company secured investment from IFC, Omidyar Network and members of MicroEnsure’s management team to provide the funding and strategic relationships necessary to continue its growth.

MicroEnsure is at the forefront of bringing insurance to the mass market via the mobile phone. In 2013 MicroEnsure Asia was established as a joint venture between Telenor Group and the UK based MicroEnsure Holdings Limited. MicroEnsure Asia will initially focus on introducing a range of insurance products to Telenor's 149 million subscribers across its business units in Asia as well as seeking to work with other mobile network operators and distribution partners in Asia and Eastern Europe.