The UNDP ICMIF Insurance Innovation Challenge (IIC), launched at the ICMIF Centenary Conference in Rome, is a public-private partnership between the United Nations Development Programme (UNDP)’s Insurance & Risk Finance Facility  and The ICMIF Foundation. Both organisations have a common goal of expanding inclusive insurance coverage and have come together in this unique partnership.

The IIC, through matched funding from both organisations, is helping mutual and cooperative insurers in emerging/developing markets scale up innovative, affordable, and inclusive insurance products which specifically serve the needs of underserved households and/or micro, small, and medium-sized enterprises (MSMEs), with a particular focus on products which support women.

The IIC aims to contribute to the achievement of the United Nations Sustainable Development Goals and the InsuResilience’s Global Partnership 2025 target of reaching 150 million poor and vulnerable people covered by micro-level insurance.