Munich Re Foundation and Microinsurance Network have released a report that provides an insight on Mobile Network Operators (MNOs) as a distribution channel for microinsurance in Asia. "The study shows that there are an estimated 2.6 billion SIM cards activated through various carriers in the Asian region. Two Technical Service Providers (TSPs), BIMA and MicroEnsure, and eight MNOs which carry out distribution of Mobile Microinsurance (MMI) were identified in the region. The total number of lives covered, through these MNOs, stood at a total of 40.3 million by mid-2016, based on available data received through the survey. For example, in India, 53% of the subscribers to the MNO Telenor have a mobile insurance cover, whereas in Bangladesh this figure stands at 15% through Grameenphone."