Howden Expands Reach with MiCRO’s Parametric Insurance Deal

In a strategic move that broadens their footprint in the domain of climate resilience, Howden, a leading global insurance broker, has finalized the acquisition of MiCRO, a trailblazer in the burgeoning microinsurance market for natural disasters in Latin America. This deal marks a pivotal advancement in Howden’s mission to bolster insurance penetration in areas stricken by climate volatility. With MiCRO under its wing, Howden is poised to amplify the outreach of parametric insurance solutions to some of the most climate-vulnerable populations on the planet.

Strengthening Microinsurance Outreach in Latin America

Since its inception, born out of the wreckage of the 2010 Haiti earthquake by Mercy Corps and Fonkoze, MiCRO has carved a niche in mitigating the economic impact of natural catastrophes on underserved communities. By providing swift financial relief in the wake of disasters, MiCRO has supported the livelihoods of over 180,000 policyholders—primarily small-scale farmers and microentrepreneurs. Howden’s acquisition is decisive, ensuring not only the scalability of MiCRO’s solutions but also the enhancement of its reach via the broker’s entrenched global market network and sophisticated data analytics capabilities.

This synergistic union is forecasted to revolutionize Latin America’s insurance landscape, where a staggering number of individuals lack adequate disaster risk coverage. Through leveraging Howden’s extensive resources and MiCRO’s innovative approach to parametric insurance, the venture strives to foster greater financial security for those at the mercy of unpredictable natural forces. The move is a testament to Howden’s commitment to fostering resilience in climate-affected regions, empowering the local economies to thrive despite environmental adversities.

A Vision of Climate Resilience and Inclusivity

Global insurance broker Howden has expanded its presence in the climate resilience sector by acquiring MiCRO, a pioneering microinsurance firm for natural disasters in Latin America. This acquisition aligns with Howden’s objective to improve insurance coverage in regions frequently affected by climate-related events. By integrating MiCRO, Howden enhances its ability to deliver parametric insurance offerings to some of the world’s most vulnerable communities facing climate challenges. The move signifies an important step in Howden’s commitment to addressing the needs of underserved markets and mitigating the financial impact of natural disasters through innovative insurance solutions. Such strategic expansion not only strengthens Howden’s market position but also underscores the rising importance of climate resilience in the insurance industry.

Explore more

Can AI Redefine C-Suite Leadership with Digital Avatars?

I’m thrilled to sit down with Ling-Yi Tsai, a renowned HRTech expert with decades of experience in leveraging technology to drive organizational change. Ling-Yi specializes in HR analytics and the integration of cutting-edge tools across recruitment, onboarding, and talent management. Today, we’re diving into a groundbreaking development in the AI space: the creation of an AI avatar of a CEO,

Cash App Pools Feature – Review

Imagine planning a group vacation with friends, only to face the hassle of tracking who paid for what, chasing down contributions, and dealing with multiple payment apps. This common frustration in managing shared expenses highlights a growing need for seamless, inclusive financial tools in today’s digital landscape. Cash App, a prominent player in the peer-to-peer payment space, has introduced its

Scowtt AI Customer Acquisition – Review

In an era where businesses grapple with the challenge of turning vast amounts of data into actionable revenue, the role of AI in customer acquisition has never been more critical. Imagine a platform that not only deciphers complex first-party data but also transforms it into predictable conversions with minimal human intervention. Scowtt, an AI-native customer acquisition tool, emerges as a

Hightouch Secures Funding to Revolutionize AI Marketing

Imagine a world where every marketing campaign speaks directly to an individual customer, adapting in real time to their preferences, behaviors, and needs, with outcomes so precise that engagement rates soar beyond traditional benchmarks. This is no longer a distant dream but a tangible reality being shaped by advancements in AI-driven marketing technology. Hightouch, a trailblazer in data and AI

How Does Collibra’s Acquisition Boost Data Governance?

In an era where data underpins every strategic decision, enterprises grapple with a staggering reality: nearly 90% of their data remains unstructured, locked away as untapped potential in emails, videos, and documents, often dubbed “dark data.” This vast reservoir holds critical insights that could redefine competitive edges, yet its complexity has long hindered effective governance, making Collibra’s recent acquisition of