In this video series-3, Michael McCord, President, MicroInsurance Centre, LLC, talks about the factors that have pushed the growth of microinsurance and has led to the evolution of various products. Concurrently, he reveals that there was no direct correlation between microfinance and microinsurance. He notices that most growth of microinsurance has happened in India primarily due to regulatory intervention. Michael also notes the role of commercial and individual intervention in promoting micro insurance. He further adds that evolution of products has not been as per expectation and the biggest challenge in microinsurance remains the delivery system.