Joining Forces To Promote Impact Insurance

This project brings together the ILO’s Impact Insurance Facility (the Facility) for a 3-year collaboration with the Prudential Foundation to design and deliver insurance innovations to benefit low-income workers, promote market development in select countries, and build capacity at the regional and local levels. Lessons learned through this collaboration will be widely disseminated to highlight approaches in which insurance products and insurance companies make meaningful contributions to the Sustainable Development Goals. Through this collaboration, the Prudential Foundation together with the ILO enable more than one million people to benefit from insurance, while indirectly strengthening the capacity of scores of insurance professionals. This collaboration will also beneit the Prudential, the parent company, through learnings on innovation and change management, building greater agility to respond to respond to the needs of financially excluded and low income households.

Project symbol

GLO/17/36/PRU

Admin unit

SFU

Start date

01/06/2018

End date

30/06/2022

Total allocation

2202275

Total expenditure

Status

Closed

2194003

Development Partners

The Prudential Foundation

Country/Countries

Global

Outcomes

Outcome 3: Economic, social and environmental transitions for full, productive and freely chosen employment and decent work for all