News: Micro Insurance Agency targeting Indian market

(IM 27/03/2007) Mumbai - Micro Insurance Agency (MIA) is a US-based insurance broking company has found the untapped rural insurance market in Indian very enticing. MIA is holding talks with potential Indian partners and micro finance companies so as to get an entry-point into the Indian market.

Richard Leftley, President of MIA Holdings said that they are looking for a company with a reach of minimum one lakh people. Among others, MIA is holding talks with companies like Tata-AIG, Basix and SKS Microfinance.

MIA is engaged in product designing, pricing and providing back office administration services to the insurance companies. The company already has a presence in 10 countries in Asia and Africa.