MIC Global builds and underwrites embedded microinsurance and digital reinsurance solutions that pay out for loss of income, everyday risks, and identity theft. The company embeds simple, point-of-sale insurance products through banking, mobile, digital/technology, insurance, and insurtech partners. MIC operates in over 17 countries and plans rapid geographic expansion in 2024 via existing and new platform, insurer, and operating partnerships. It performs in-house underwriting through Lloyd’s Syndicate 5183 and MIC Re, supporting long-term sustainable premiums. Those underwriting arrangements are backed by Lloyd’s AA- ratings from Fitch Ratings, Kroll Bond Rating Agency, and Standard & Poor’s. The company intends to use new capital to invest in infrastructure, talent, and market expansion to scale its technology-enabled insurance platform.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2024