The Microinsurance Innovation Facility: Catalyzing protection of the working poor

The Facility inspires and encourages new approaches to reach unmet needs and thus stimulates product and process innovations within potential and existing risk carriers, but also the types of services offered and the delivery channels chosen. Such innovations can fall within the entire range of operations; they can be related to, for example, the client interface, the processing of applications, the claims and the renewals.

The ILO’s Microinsurance Innovation Facility was launched in 2008. Generous support from the Bill & Melinda Gates Foundation, the Z Zurich Foundation, and Munich Re has made it possible to dramatically expand the outreach of insurance services to low-income households and enterprises, strengthen insurance providers and ensure that better risk management practices are more widely available.
Beneficiaries: Over 30 countries across Africa, Asia, Latin America. the Caribbean, and the Middle East.