The Inter-American Development Bank’s (IDB) Multilateral Investment Fund (MIF) will invest $3 million in ParaLife, a new micro-insurance institution established to provide life insurance to people with disabilities, low-income families and micro-entrepreneurs in Latin America. ParaLife founded January 31 2007, by Rolf H̹ppi, a former CEO and chairman of Zurich Financial Services will include a reinsurance vehicle and partnerships with local insurance distribution organizations and local insurance companies in each of its markets. Paralife is headquartered in Zurich, Switzerland and its invested capital benefits operations in a number of countries in Latin America, primarily Mexico. Paralife does not report to the MIX Market, the microfinance information clearinghouse and no other information is publicly available about its performance.

Continue reading “Inter-American Development Bank invests 3 mm in ParaLife”