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“I’m very proud of our involvement in Blue Marble, a consortium of nine companies collaborating to extend socially impactful, commercially viable insurance protection to the underserved.”
chief executive officer, AIG
Chairman Emeritus, Blue Marble
See how AIG people help design meaningful
microinsurance solutions. Watch our video:
Welcomed at point
of scale of venture
Blue Marble manages a venture
capital fund that is owned equally
by all nine consortium members
Funded equally by
all nine consortium
Blue Marble has a core management team that is complemented
by experts seconded from the consortium companies.
Blue Marble is a social enterprise consortium of 9 companies collaborating to extend socially impactful, commercially viable insurance protection to the underserved.
Platforms represent a continuously improving repository of tools and knowledge that drive synergies across market-facing ventures and value creation. Platforms underpin our ability to design and launch ventures quickly and efficiently. The platforms are as follows:
Migrants and Refugees
Blue Marble Customer Groups
Expanding market reach
of validated concept
Entering the market, pivoting based on lessons learned, and validating the concept
Developing ideas into
full-fledged business plans
Crowdsourcing ideas from
Microinsurance gives the underserved the chance to think big, and to take financial chances they could not otherwise take without its protection. As microinsurance pioneer, AIG first entered the market in 1994, offering small cap, small premium coverage to markets not even considered by other insurers. Today, AIG continues to make a difference as a member of Blue Marble, a consortium of nine insurance companies dedicated to helping the underserved build better lives.
For small scale farmers and entrepreneurs in the developing world, the unexpected—one small variation in the weather, for instance–can mean financial ruin. Against this reality, many never dream of growing their businesses or expanding their crops, and remain trapped in the same fragile financial situation year after year.
In partnership with our associates, today we make a difference in the lives of the underserved across a range of products including Personal Accident, Agricultural Insurance, Hospital Cash, Credit Life and Agricultural implements.
AIG was one of the first companies to offer microinsurance when we began offering microinsurance solutions in Uganda in 1997. Our approach and our programs have evolved since then, with greater collaboration with banks, local governments, micro-finance institutions, non-governmental organizations and other constituents to provide need-based micro-insurance coverage.
While traditional insurance is mainly about insuring one’s lifestyle, microinsurance is all about insuring the basic livelihood and health of those in a low-income segment. Advancements in technology, including mobile phones, satellite data and digital currency, coupled with product innovation and more distribution channels has resulted in greater opportunity to offer economically viable and sustainable insurance protection programs for the underserved.
Providing Certainty Where it Matters Most
Through Blue Marble Microinsurance, AIG offers some of the world’s most vulnerable farmers and business owners affordable risk protection that allows them to dream big.
Selection and measurement of plot for conducting crop cutting experiment to estimate yield production
Yield estimation through crop cutting experiment
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