The Microinsurance Catastrophe Risk Organisation (MiCRO) has announced the launch of Produce Seguro, an index-based insurance product that protects low-income families against natural disasters in El Salvador.
The product serves to protect micro and small entrepreneurs against serious financial loss following natural disasters, covering occurrences such as excessive rainfall, severe drought and earthquakes, for example.
MiCRO had already launhced a similar product in Guatemala and plans to expand to more countries in Latin America the...