Natural disasters, especially those related to climate change, are more frequent and severe. Despite this fact, the protection gap, understood as the difference between insured losses and total economic losses, remains large. In Latin America alone, this gap is estimated to reach 84% and is even greater in the vulnerable and underserved populations.
MiCRO develops index-based insurance products, using cutting edge technology, facilitating financial inclusion to excluded segments and improving their resilience to catastrophes. To do this, MiCRO allocates its human and technical capabilities, including its calculation platform, to ascertain the occurrence of natural disasters and to ensure payments are made to affected populations.
MiCRO works closely with local partners such as insurers, microfinance institutions, banks and utilities, among others, who pursue the same goal of helping to close the protection gap.
The development of socially-oriented, impactful insurance solutions that improves the resilience of underserved populations against natural disasters.
The achievement of economic and sustainable growth that generates long-term value to all stakeholders.
The protection of the natural environment and the promotion of climate change awareness and its impact upon vulnerable populations.