Microfinance institutions (MFIs) in the Philippines have created innovative mechanisms to address the financing needs of low-income families and entrepreneurs. Most recently, some MFIs have begun experimenting with microinsurance as means of reducing their clients’ vulnerability to a range of risks. To learn about these nascent activities, this study maps the microinsurance landscape and establishes knowledge on the regulatory framework for insurance in Philippines; identifies the details of microinsurance operations; and examine the demand for insurance by micro and small enterprises (MSEs).