The Microinsurance Consortium has named its microinsurance venture incubator (MVI), which is aimed at extending insurance protection, Blue Marble Microinsurance.
The consortium announced the formation of the MVI in Davos, Switzerland on January 22, 2015.
The consortium consists of American International Group, Aspen Insurance, Guy Carpenter, Marsh & McLennan Companies, Hamilton Insurance Group, Old Mutual, Transatlantic Reinsurance Company, XL Catlin, and Zurich Insurance Group.
Blue Marble Microinsurance said that it is committed to launching ten microinsurance ventures over the next ten years and will deliver solutions to address the risk management needs of the underserved.
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