The Micro Insurance Company

The Micro Insurance Company was formed in July 2020 following the merger of STP Group, MicroEnsure and TonkaBI. The new group will have the ability to underwrite, distribute and service insurance for the unserved globally, focusing primarily on Asia, Africa and LATAM.

The full-stack digital insurance company provides an insurance platform that is capable of assuming various types of micro transactional insurance risk, covering gig workers, IoT, Sharing Economy, Micro/Small Businesses and weather.

In November 2021 Micro Insurance Company entered into the EU market by partnering with cycling insurance specialist Bikmo to provide digital solutions, in order to encourage Cycle to Work Schemes in Austria. The service warranty product will embeddable into the bicycle loans given by employers. As part of the partnership, MIC will bring their underwriting expertise, whilst Bikmo will control product sales as well as handle the claims process.