Name of Organization or Microfinance Investment Vehicle: MicroEnsure
Overview: MicroEnsure, a subsidiary of Opportunity International, was established in 2005 as a microinsurance intermediary.
Description:
MicroEnsure was founded in 2005 as a wholly owned subsidiary of Opportunity International, a global non-profit microfinance network created in 1974. It was known as the Micro Insurance Agency until 2008. As an insurance intermediary, it provides a range of low-cost products including health, life, property and weather index-based insurance to over 3.5 million poor clients across six countries: Ghana, India, the Philippines, Tanzania, Uganda and Kenya. In 2008, MicroEnsure received a USD 24.2 million grant from the Bill and Melinda Gates Foundation to help expand its insurance products to the poor in Africa, Asia and Latin America. In 2009, it won the Financial Times award for Achievement in Basic Needs Financing.
Microfinance Information Exchange (MIX) Profile:
MicroEnsure does not report to MIX
Organization’s Website:
http://www.microensure.com/home.aspx
Just the Facts:
Country of Incorporation: The United Kingdom
Year Founded: 2005
Area of Operation: Ghana, the Philippines, Uganda, India, Tanzania, Kenya
Participants/Backers/Investors: Opportunity International
President and CEO: Richard Leftley
Contact:
First Floor
Parker Court
Knapp Lane
Cheltenham
GL50 3QA
+44 (0)1242 526 836
info@microensure.com
Additional Resources:
Opportunity International’s MicroEnsure of the United Kingdom to Launch Microinsurance Program for Climate Change and Crop Failure in India
Opportunity International Subsidiary, MicroEnsure, Partners with CARE to Launch Funeral Microinsurance Product
Latest News on MicroEnsure from MicroEnsure:
http://www.microensure.com/news.aspx
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