Microinsurance Body Seeks Proposals

A microinsurance group started with support from the Bill & Melinda Gates Foundation wants to hear ideas about ways to get microinsurance to low-income people more efficiently.

Microinsurance Innovation Facility, Geneva, plans to issue 3 to 5 grants of $100,000 to $500,000 each, and about 4 or 5 grants for less than $100,000 each.

Proposals are due Jan. 25, 2011.

The facility is especially interested in proposals for ways to get microinsurance out to large numbers of people who need it quickly and cheaply, officials say.

A foundation affiliated with Zurich Financial Services, Zurich, Switzerland, is financing the new round of grants.

The facility is interested in proposals involving life, health and disability coverage as well as in property-casualty coverage.

- Allison Bell

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