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Insurance Solutions

Microinsurance

Insurance innovation for good

Microinsurance is insurance designed to be appropriate for low-income individuals and families in relation to price, terms, coverage, and delivery mechanisms. Through product development, research, and advocacy services, Milliman is committed to protecting vulnerable populations against the risks that can lead people into an unending cycle of poverty, including poor health, loss of crops or livestock, natural and human-made disasters, and death and disability.

Overview

Milliman microinsurance solutions

 
THE MICROINSURANCE CENTRE

A powerful partnership

The MicroInsurance Centre at Milliman is an internationally recognized consulting firm and microinsurance thought leader with a deep commitment to building sustainable microinsurance products for populations in need. For over two decades, the MIC@M has been focused on providing access to SUAVE (Simple, Understood, Accessible, Valuable and Efficient) microinsurance products to 3 billion low-income people across the globe. Our clients include multinational and domestic commercial insurers, foundations, bi-and multi-lateral development agencies, regulators, NGOs and others.

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Insight

Milliman microinsurance insight

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Video

Expanding the footprint of hope

The value of microinsurance in emerging markets

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Video

Parametrics: insuring for agriculture, livestock & climate change

Michael McCord, managing director of the MicroInsurance Centre at Milliman, discusses parametrics in microinsurance.

Article

Microinsurance in South Africa: The vital backstopping role of the actuary

Many actuaries are involved in microinsurance initiatives in Africa. They are making valuable and cost-effective contributions in helping to assess renewal expectations and in analyzing premium rates and the demographic profiles of collectively priced groups.

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Article

Microinsurance and rural development in China: A Q&A with Associate Professor Yi Yao (Kitty) of Peking University

What is the microinsurance market like in China and how is it defined? Learn its link to rural development and poverty alleviation, and what the next 10 years might look like for the market.

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Research Report

Technology in microinsurance

This report supplies a foundation for understanding the evolving role of technology in microinsurance, as well as its potential impact on insurance and the actuarial profession.

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Services

Related microinsurance services

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