The Microinsurance Centre was created in 2000 by Michael J. McCord. It is as an independent institution dedicated to promoting responsible

microinsurance Microinsurance is the protection of low-income people (defined as those living on more than approximately $1 but less than $4 per day) against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the r ...

, with their focus on the partner-agent model. The partner-agent model links microinsurance schemes (hosted primarily by MFIs) to established commercial

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

companies. This link allows the risk of the schemes to remain with the insurer, and thereby can enable greater sustainability and long-term viability. The Microinsurance Centre works on two fronts, helping to establish proper dialogue on micro-insurance policies and helping to set up proper microinsurance schemes. It has a wide range of partners that it works with, including insurers, regulators, donors, MFIs, and

NGOs A non-governmental organization (NGO) is an independent, typically nonprofit organization that operates outside government control, though it may get a significant percentage of its funding from government or corporate sources. NGOs often focus ...

. It has played a role in projects in numerous countries that include Uganda, Kenya, Ghana, India, Nepal, Jordan, Peru, Laos, and Indonesia. It is also actively involved in disseminating information on micro-insurance through its periodic Briefing Notes, web site, and speaking engagements. In addition, it has conducted several country case studies and held trainings in Italy, Uganda, and Pakistan.

External links

* Microfinance organizations Organizations established in 2000 Insurance agents Microinsurance {{US-org-stub