MicroInsurance Centre to join Milliman
Global consulting and actuarial firm Milliman in October 2017 announced that they have joined with the MicroInsurance Centre (MIC), a consulting firm and micro-insurance thought leader dedicated to generating access to micro-insurance products to 3 billion low-income people across the globe.
The transaction accelerates MIC’s progress toward its goals while significantly expanding Milliman’s capabilities in micro-insurance. The joint venture operates under the “MicroInsurance Centre at Milliman” brand and allows both companies to provide support for clients who work in emerging markets to start or enhance insurance offerings for low-income market segments.
MIC works with regulated insurers and intermediaries who can provide market-responsive micro-insurance products efficiently. Their clients currently include multinational and domestic commercial insurers, foundations, bi- and multi-lateral development agencies, regulators, NGOs and others.