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Making Climate Risk Microinsurance Work. Case Study: MiCRO & Aseguradora Rural (AR), Guatemala

Partnership between MiCRO and Aseguradora Rural to deliver parametric climate microinsurance to smallholder farmers and microentrepreneurs in Guatemala through bundled loans.

MiCRO / SBS / Bancamía – Boosting Resilience for Microentrepreneurs

In 2019, MiCRO and SBS Seguros, in partnership with Bancamía, launched "My Protected Investment", a microinsurance product for SMEs that combines index-based and traditional coverage. Three years after Colombia's first parametric insurance launch, the initiative had already reached almost 120,000 low-income beneficiaries, providing protection against hazards such as excess rain, drought, and earthquakes, while expanding access to underserved urban and rural clients.