ICMIF Foundation
ICMIF Foundation
To strengthen resilience against risks for low-income vulnerable communities.
The ICMIF Foundation was established as a charitable organisation in 2015. The ICMIF Foundation’s 5-5-5 Mutual Microinsurance Strategy was launched in June 2016 and currently has reached over three million low-income households in total with insurance and resilience building efforts. This equates to over 17 million lives being impacted when averaging five people per household with a current funding cost per insured household of less than one USD a day. The ICMIF Foundation is cooperating with UNDP on the Insurance Innovation Challenge Fund, a project to support mutual insurance organizations in creating and distributing innovative and affordable insurance products for the most vulnerable.