Microinsurance Catastrophe Risk Organisation (MiCRO) awarded IFC funding

February 6, 2013
Ankur Sohanpal
Uncategorized

The Microinsurance Catastrophe Risk Organization (MiCRO), a specialty reinsurance organization to provide funding for microinsurance products in Haiti recently received US$1.96 million in funding from World Bank’s International Finance Corporation. MiCRO products are parametric triggered based, meaning that they pay insurance amounts as soon as natural disasters exceed a certain level of severity. Read more here.

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