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Microinsurance Catastrophe Risk Organization (MiCRO) Cholera Product

last updated Mar 25, 2013

Program Type
- Financing Care › Micro/community health insurance
Health Focus
- General Primary Care

Target Geography Urban/Peri-Urban/Rural
Target Population Women

Overview

Implementing organization:

Fonkoze

Implementation Partner(s):

Mercy Corps, Swiss Re

Legal Status:

Private (for-profit)

Year Launched:

2013 (to be launched)

Stage:

Pilot/startup stage

Funding

Primary Source of Funding:

Membership/subscription fees

Additional Source(s) of Funding:

Donor

Summary:

The scheme is expected to make cholera covers available to Fonkoze’s women borrowers (which currently number 50,000) and their families, and be fully implemented by 2013.

Key program components:

The cholera insurance scheme ensures “real-time” payout once a pre-defined set of criteria are met. These include cholera-related hospital admissions and observable weather factors linked to cholera outbreaks.

Program history:

Microinsurance Catastrophe Risk Organization (MiCRO) is a microinsurance reinsurance platform established in Barbados in 2011.

Location

Country of OperationHaiti

City/Village of Operation

Province/State(s) of Operation

Contact Information

Website

Survey Information

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The Center for Health Market Innovations (CHMI) promotes programs, policies and practices that make quality health care delivered by private organizations affordable and accessible to the world’s poor. Operated through a global network of partners since 2010, CHMI is managed by the Results for Development Institute. CHMI is funded by the Department for International Development (DFID), the Bill & Melinda Gates Foundation, and the Rockefeller Foundation.

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