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First MiCRO natural catastrophe business interruption coverage launched in Guatemala

Swiss Re offers natural catastrophe business interruption insurance in Guatemala through MiCRO. Learn more about the program and how it helps the under-insured.

By Paula Pagniez | Updated on January 10, 2017
Insurance companies like Swiss Re are looking for ways to provide micro-insurance to small businesses, like this bakery, in countries that are likely to be hard hit by natural disasters, such as Guatemala. (Photo: Jorge Barrientos, MiCRO)

Guatemala is highly exposed to natural disasters.

Hurricanes, landslides and volcanic activity are hazards that often impact the country. In 2010 alone, two consecutive disasters — Tropica Storm Agatha and the eruption of the Pacaya volcano — caused an estimated $1.55 billion of damage, accounting for 4.1 percent of the country’s gross domestic product.

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