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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.

Nepal: Introducing index-based insurance for flood-prone communities
Practical Action developed a flood index insurance for Western Nepal smallholder farmers. Features bundled services, cooperative-based sales, and payouts for crop loss after severe floods.

Social Finance Brief: MiCRO - The Microinsurance Catastrophe Risk Organization
Social Finance Brief on MiCRO, focusing on their approach to agricultural insurance in Latin America. Highlights innovative financial solutions tailored to vulnerable farming populations, operational strategies, and key implementation insights drawn from regional experience.
Date Issued
2022
Topics
Products

Social Finance Brief: Pacífico Seguros
Social Finance Brief on Pacífico Seguros in Peru, outlining their experience in delivering non-life (property) insurance solutions. The brief explores product innovation, operational models, and lessons learned through collaboration with ILO Impact Insurance and MiM, focused on strengthening financial resilience through non-agricultural property coverage.

WFP Nicaragua – Insurance and Social Protection: A Key Tool to Increase Resilience and Food Security in Nicaragua
WFP Nicaragua implemented a risk-layered insurance approach through the R4 Rural Resilience Initiative and sovereign CCRIF coverage.
Date Issued
2023
Topics

WFP Southern Africa
WFP's R4 initiative insures 8,000+ households in Zimbabwe and Mozambique against drought, floods, and cyclones using area-yield and weather index insurance, in partnership with local insurers.

World Food Programme's Sahel Climate Catastrophe Layer
The document describes the Sahel Climate Catastrophe Layer (SCCL) by the World Food Programme (WFP), a parametric insurance covering vulnerable populations against extreme droughts in Burkina Faso, Mali, and Niger. The initiative enables rapid, pre-financed disaster response, complements national risk financing tools, and strengthens regional climate resilience.
Date Issued
2025
Topics
Region