Improving viability and value of inclusive insurance

This three-year project entitled “Improving viability and value of inclusive insurance” aims to support the reduction in the protection gap for the 3.5 billion emerging consumers who still lack access to adequate and responsible insurance products. While traction has been growing over the last 20 years, there is still a lack supply of insurance solutions that effectively delivers client value and helps to build the resilience of unserved and under-served households and small-scale producers (smallholder farmers and MSMEs). With growing threats coming from climate change, which can disrupt all elements needed to have productive work, there has never been a more important time to ensure that those who create insurance solutions broaden their reach, and those who could benefit from insurance are educated and can use insurance as a tool to manage risk. Under this project, new evidence about viability and client value will be generated. Activities will include stakeholder interviews (to understand what information would help them to enter or scale in inclusive insurance), a review of ten successful schemes, various client value research projects and activities related to disseminating key findings.

Project symbol

GLO/23/03/GFO

Admin unit

SOCIAL FINANCE

Start date

31/05/2023

End date

31/05/2026

Total allocation

989478

Total expenditure

Status

Active

725711

Development Partners

The Generation Foundation

Country/Countries

Global

Outcomes

Outcome 4: Sustainable enterprises for inclusive growth and decent work