More than 700 million people, or 10% of the world’s population, live in extreme poverty, surviving on less than USD 1.90 per day. Living in such extreme circumstances, microinsurance can provide a lifeline to many people around the world. That is why the work of The ICMIF Foundation (established in 2015) to strengthen resilience in underserved communities and reduce the life-changing effects of natural disaster and climate change is so important