Microinsurance catastrophe business interruption cover
Friday, 11 18 2016, Category: Insurance and Reinsurance, Country: World
The Microinsurance Catastrophe Risk Organisation (MiCRO), a Barbados based reinsurance company that leverages the capital efficiency of the international reinsurance market alongside donor capital, has launched a novel index-linked business interruption policy.
MiCRO launched in 2011 with the backing of Swiss Re, among others, to bring efficient insurance risk transfer products to the region, backed by global reinsurance capacity.
The organisation has launched a novel catastrophe index-linked business interruption microinsurance product, backed by reinsurance from global player Swiss Re.
The new microinsurance product has been designed to meet the protection needs of low-income families in Central America.