Seeking to expand access to microinsurance for both individuals and businesses, UK-based companies MicroEnsure and TonkaBI along with the US-based STP Group recently merged to form the MicroInsurance Company (MIC). The new firm describes itself as “the first global end-to-end digital micro insurance solution,” benefitting from the three firms’ “reinsurance capacity, in-country insurance licenses, world-class distribution and market-leading artificial intelligence functionality.” STP Group brings the new company its straight-through processing (STP) methodology, which
