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What We’re Reading: Council on Foreign Relations, “Five Development Innovations to Watch in 2013″
MicroEnsure, the microinsurance subsidiary founded by Opportunity International, was recently recognized by the Council on Foreign Relations (CFR) as a “development innovation to watch in 2013.” In a blog post last month, CFR reported that MicroEnsure has “sign[ed] up a million [life insurance] customers [in Ghana] over 14 months, 85% of them new to insurance” by linking Read more…
Tagged accra, Africa, Cell Phones, chronic poverty, Clients, Council on Foreign Relations, Ending Poverty, Financial services, Ghana, Health insurance, life insurance, Microensure, Microinsurance, Opportunity International, Poverty, Risks, Rwanda, Tanzania, Technology, Tigo, Weather-index crop insurance
MicroEnsure Ghana Crosses One Million Milestone for Number of Lives Insured
The following post was originally published on microensure.com. This July , five years after its inception, MicroEnsure Ghana achieved one of its greatest successes: it crossed the milestone of insuring one million Ghanaians, a remarkable achievement considering it was serving just 40,000 lives in 2010. Beginning operations in 2007, MicroEnsure Ghana has held its place Read more…
Tagged Africa, Clients, floods, funeral insurance, Ghana, Health insurance, Insurance, life insurance, Microensure, Microinsurance, Mobile Phones, natural disasters, Opportunity Ghana, Opportunity International, Poverty, Savings, Technology, Tigo
Cell Phones Deliver Life Insurance
In October 2010, Opportunity International’s microinsurance subsidiary, MicroEnsure, launched a pilot test with the mobile network Tigo Ghana around a new product embedded into the subscriber’s airtime purchases. The more airtime Tigo customers purchase, the more free life insurance they earn for themselves and a second family member. For Tigo, this insurance has helped reduce client churn Read more…
What We’re Reading: “Ten Biggest Positive Africa Stories of 2011,” The New Yorker
“…Yes, there is tragedy in Africa, and you will always find it there, and we must take those tragedies seriously, but there is also extraordinary opportunity. And if you see this continent as the continent of the future, it sort of reframes it. This is a continent that, by 2050, will be the largest and Read more…
Tagged Africa, Arab Spring, Bono, Cell phone banking, DR Congo, elections, Ellen Johnson Sirleaf, famine, Ghana, Healthcare, Horn of Africa, Kenya, Liberia, life insurance, M-PESA, Microensure, Microinsurance, mobile phone banking, Nobel Peace Prize, Rwanda, Sudan, Tanzania, The New Yorker, Tigo, what we're reading
MicroEnsure Wins Financial Times/International Finance Corporation Sustainable Finance Award
The following news announcement appeared on MicroEnsure’s website on Friday, June 17. MicroEnsure has won the FT/IFC Sustainable Finance Award in the category Achievement in Financing at the Base of the Pyramid. The awards, organized by the Financial Times and the International Finance Corporation, a member of the World Bank Group, were announced on Thursday, Read more…
Tagged Cell Phones, Ending Poverty, Financial services, Financial Times, funeral insurance, Ghana, Global Poverty, Healthcare, Insurance, International finance corporation, life insurance, Loans, MFI, Microensure, Microfinance, Microinsurance, Mobile Banking, Mobile Phones, Opportunity International, Poverty, Richard Leftley, what we're reading, World Bank
What We’re Watching: New Short Film by MicroEnsure on Cashless & Low-Cost Health Insurance in India
The following video was published in a blog post on microensure.com on June 14. MicroEnsure, a subsidiary of Opportunity International, is the world’s first microinsurance intermediary, and it serves people living in poverty with innovative products in crop, loan, health, life and property insurance, offering clients and their families a safety net when an unexpected Read more…
The Christian Science Monitor on Biometrics & Mobile Money at Opportunity Malawi
The Christian Science Monitor today posted an article entitled, “Villages Leapfrog the Grid with Biometrics and Mobile Money,” which lauds these technologies as a way for people at the bottom of the economic pyramid to access financial services and protect themselves in the case of drought and disasters. Today’s story is part of a series Read more…
Tagged Africa, Aleksandr-Alain Kalanda, Bill & Melinda Gates Foundation, biometric technology, biometrics, Cell phone banking, Cell Phones, Crop insurance, Ending Poverty, Financial services, Fingerprint, funeral insurance, Gates Foundation, Kenya, life insurance, M-banking, M-PESA, Malawi, MFI, Microfinance, Mobile Banking, mobile phone banking, Mobile Phones, OIBM, Opportunity International, Opportunity International Bank of Malawi, Opportunity Malawi, Poverty, South Africa, Technology, The Christian Science Monitor, what we're reading
New Microinsurance Product Helps Protect Mozambican Families
Launched on Jan. 3, 2011, Opportunity Mozambique now offers its clients the protection of a credit life insurance policy that includes funeral coverage. This policy, developed with the help of Opportunity International’s microinsurance subsidiary MicroEnsure, helps families maintain the progress they have achieved even when faced with life’s tragedies. This enhanced policy is being offered Read more…
