This Briefing Note from the Microinsurance Centre argues that MFIs should work with insurers if they wish to provide microinsurance services. Highlighting the need of a distinct skillset to offer microinsurance as opposed to microcredit and the necessity of having appropriate regulation, supervision, and controls, the author argues that "entering into the new business of insurance with its substantially different risks and requirements, on top of the demands of an ongoing microfinance business, has the potential to destabilize an already somewhat fragile 'industry'".