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MicroEnsure

MicroEnsure

An insurance technology company offering insurance premiums for life insurance, health insurance, and property insurance through the companies distribution partners which includes microfinance companies, co-operatives, and mobile network operators.

MicroEnsure is an insurance technology company offering insurance premiums for life insurance, health insurance, and property insurance through the companies distribution partners which includes microfinance companies, co-operatives, and mobile network operators. the company is headquartered in Cheltenham, Gloucestershire and was founded in 2005. The company is offering its services in several markets, including Bangladesh, Ghana, Grenada, India, Jamaica, Kenya, St Lucia, Malawi, Malaysia, Mozambique, Pakistan, Philippines, Rwanda, Tanzania and Zambia. 

Funding

Equity funding

On June 9, 2014 MicroEnsure announced completing an equity funding round with $10.4 million in equity funding from Telenor Group, Omidyar Network, IFC and Opportunity International, Sanlam Emerging Markets and AXA Group. At the time of receiving this equity funding Telenor Group took additional equity by converting debt by rolling 51% of its holdings in the MicroEnsure Asia joint venture into MicroEnsure. The company plans on using their equity funding to expand into new markets. 

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