Key Insurance Products
Simple, affordable micro-insurance plans engineered to shield your market business, your agriculture yields, and your family’s healthcare from unexpected financial emergencies.
Women’s Micro Bank Limited (popularly known as Mama Bank) in Papua New Guinea offers specialized microinsurance products designed to protect low-income women, market vendors, and climate-vulnerable agricultural workers from economic shocks. Acting as a risk aggregator, the bank partners with major international development agencies and local insurers to deliver affordable, high-utility financial safety nets.
Climate Risk / Parametric Insurance
Purpose
Protects small agriculturalists, fishers, and MSMEs from natural disasters.
Coverage
Shields livelihoods from shocks like earthquakes, floods, droughts, and cyclones.
Mechanism
Payouts trigger automatically based on predefined data parameters (like earthquake magnitude or rainfall levels). This model eliminates lengthy manual claims assessments and ensures fast cash delivery.
Partners
Developed in collaboration with the United Nations Capital Development Fund (UNCDF), UNDP, and Pacific Reinsurance.
Benefits for Grassroots Customers
Low Premium Hurdles
Premium structures match the uneven cash flows of informal market workers.