Change Management to achieve impact with insurance - Phase II

The ILO’s Impact Insurance Facility and Financial Sector Deepening Africa (FSDA) are launching a new partnership to support insurers to provide valuable and scalable insurance solutions to low-income households and SMEs in Sub-Saharan Africa. Through this partnership with FSDA, the ILO’s Impact Insurance Facility will work with five leading insurers and distribution channels distributors and provide technical assistance for product innovation and organisational change management. A preliminary list of interventions includes: - Spur innovation, build capacity and identify and implement the necessary organizational changes -Work with providers to scale the innovations quickly to achieve sustainability, while gradually improving customer and shareholder value. - Develop change management tools and demonstration cases that can be shared with the broader industry to facilitate the generation of innovative insurance solutions for the low-income market.

Project symbol

RAF/16/03/FSD

Admin unit

SFU

Start date

01/04/2016

End date

30/03/2020

Total allocation

1702093

Total expenditure

Status

Closed

1691689

Development Partners

Financial Sector Deepening, Africa

Country/Countries

Global

Outcomes

Outcome 4: Sustainable enterprises for inclusive growth and decent work