A group of leading companies in the insurance industry announced that they have established a micro insurance consortium and micro insurance venture incubator (MVI) committed to launching 10 micro insurance ventures over the next 10 years to deliver solutions that address the risk management needs of the underserved.

The consortium includes American International Group, Aspen Insurance Holdings, Catlin Group Limited, Guy Carpenter & Co., Marsh & McLennan Companies., Hamilton Insurance Group, Transatlantic Reinsurance, XL Group and Zurich Insurance Group.

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