Argentina
Argentina
Flood, Earthquake, Drought
12.8% (2022)
1191 insurance companies
17% (2022)
10.4% (2019/2020)
10%
1The Microinsurance Network, Landscape of Microinsurance 2023, Based on target population estimate for Argentina of 31,111,549 people https://microinsurancenetwork.org/resources/the-landscape-of-microinsurance-2023
#21 out of 239 countries and territories (2023)
171% of total employment (2023)
1Overview
With over 40% of the population living below the poverty line and economic conditions continuing to be challenging, Argentina’s economic crisis is worsening financial pressure on vulnerable groups.
Millions are at risk from flooding, earthquakes and drought. Building financial resilience against economic adversity and climate risks is crucial for protecting the population and fostering sustainable economic growth.
UNDP’s Insurance and Risk Finance Facility collaborates with the government and local partners to improve the enabling environment for inclusive insurance, promote public-private partnerships for market innovation to safeguard livelihoods and infrastructure through risk finance solutions.
Our work in numbers
3.7
Million projected beneficiaries
Reaching people through insurance and risk finance solutions.
3
Insurance solutions in development
Protecting people, jobs, agriculture and public assets.
2
Institutional and policy processes
Strengthening the enabling environment for insurance to scale.
14
Training programme participants
Building country capacity in insurance and risk finance.
Our projects
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Building risk finance solutions and insurance innovation
The Tripartite Agreement (TPA) is a public-private partnership between UNDP, 20 of the world’s largest insurers under the Insurance Development Forum, and the German Federal Ministry of Economic Cooperation and Development (BMZ). In Argentina, UNDP, through TPA, is working to protect livelihoods and public infrastructure assets with the first flood insurance for cities.
UNDP is also partnering with the Argentine Chamber of Insurtech to foster sustainable growth in the insurance market through the Argentine Market Observatory of Insurtech and Inclusive Insurance, a collaboration to collect, analyse and disseminate insurance sector information with a focus on innovation and inclusion.
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Incentivizing the development of new insurance products and services across emerging economies
UNDP’s Insurance Innovation Challenges are powering a new generation of insurance products and services tailored to underserved households and businesses in developing economies.
- Active in 25 countries, with an investment of over US$2.1 million
- Addressing specific barriers and opportunities to scale financial protection, with a particular focus on women, SMEs and other vulnerable groups
- Creating market opportunities for insurance providers and safeguarding development.
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In cooperation with the Environment Area of UNDP Ecuador, BIOFIN, NGOs, the Ministry of Agriculture and Livestock and the Ministry of Environment, Water and Ecological Transition, actions are being coordinated to improve livestock insurance against attacks by wild animals as a complementary action to the protocols for coexistence with the jaguar and good practice for mitigating conflict between humans and wildlife.
