Microfinance company to invest in BOP insurance providers

ACCION, long-established provider of financial services to the poor, has taken a $1.2 million equity share in ParaLife, a Swiss microinsurance holding company that offers financial protection to low-income populations and people with disabilities, mainly in Latin America. ACCION will contribute to ParaLife’s Latin American expansion of its low-cost insurance products into Colombia. The organization has been operating in Mexico since late 2007. ACCION has also announced a $3 million investment in LeapFrog Investments, a $100 million microinsurance investment fund based in Mauritius.