BusinessWeek.com recently published an article online about the future of microinsurance in Mexico; to summarize:
In recent years, microinsurance offerings have increased in Mexico through Grupo Elektra’s Seguros Azteca and Citgroup’s local insurance unit Seguros Banamex. To simplify and to keep costs down, both groups do not do selective underwriting; in effect, policies are not based specifically on health, age, or medical history. Instead, the companies use proprietary mortality tables developed for this segment of clients in order to balance premiums and claims.
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