Microinsurance Note 3 describes the opportunities and challenges of partnerships between commercial insurers and MFIs. MFIs, working directly with the low-income market, can be perfect intermediaries for insurers to reach the low-income market. This partner-agent model has significant potential for expanding microinsurance access to millions of low-income families. Today, at least 15 million low-income people are covered by some microinsurance product sold through partnerships with MFIs. This number is likely to expand dramatically as products and processes improve, and low-income consumers come to better appreciate the benefits of microinsurance.