The UNDP ICMIF
Insurance Innovation Challenge Fund
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.
The four winning projects from the first round of the UNDP ICMIF Insurance Innovation Challenge Fund
Providing affordable and accessible health insurance
to members of cooperatives in Kenya
Providing health protection to rural communities in Malawi
Income loss protection for informal sector women living in remote areas of India
Providing tailored protection to Sri Lankan women entrepreneurs in micro SMEs
UNDP does not endorse any entity, brand, product or service.
ICMIF members supporting the winning projects
UNDP does not endorse any entity, brand, product or service.