Going Micro Is the Next Big Thing For Insurance Tech

Microinsurance — like microloans and microcredit — is traditionally thought of as a product for those in the developing world who earn $4 or less per day. But the very same innovations that made microinsurance possible and profitable are about to transform the larger insurance market. For global insurers, microinsurance has been a fast-growth market: from 76 million clients in 2010 to 260 million in 2013.