Insurance Innovation Challenges
Insurance Innovation Challenges
"The UNDP ICMIF Insurance Innovation Challenge demonstrates the power of partnerships and the pivotal role of mutual and cooperative insurers in creating affordable insurance solutions for women in underserved communities.”
Federal Ministry for Economic Cooperation and Development (BMZ)
The Federal Ministry for Economic Cooperation and Development (BMZ) is responsible for German development policy.
BMZ is focused on fighting poverty and hunger and has a commitment to healthy people in a healthy environment, under the framework of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. BMZ is working to support a worldwide transformation to a sustainable, climate-friendly and nature-friendly way of doing business, while also strengthening peace, freedom and human rights. BMZ is an essential part of the Tripartite Agreement (TPA), a public-private partnership between UNDP, BMZ and 20 of the world’s largest insurers under the framework of the Insurance Development Forum.
Generali
Generali is one of the largest global insurance and asset management providers in the world.
Established in 1831, Generali has a presence in over 50 countries, with more than 82,000 employees serving 70 million customers. It manages over €500 billion in assets and had a total premium income of €82.5 billion in 2023. Generali is partnering with UNDP to enhance small business resilience to climate change and other natural hazards in Asia, while also addressing the global protection gap. Generali supports UNDP’s Insurance Innovation Challenges to incentivize the development of innovative and affordable insurance solutions that can build SME resilience and protect global value chains. Additionally, Generali and UNDP are committed to collaborating with public institutions to promote research and advocacy, raising awareness about risk management, prevention, and adaptation measures.
ICMIF
The International Cooperative and Mutual Insurance Federation is a global organization representing cooperative and mutual insurers.
The International Cooperative and Mutual Insurance Federation (ICMIF) promotes and works with the cooperative and mutual insurance sector, acting as a leader in providing information and services to members and representing the interests of the cooperative and mutual insurance sector worldwide. Through its charitable foundation, it supports ICMIF members in emerging markets to scale up microinsurance programmes. 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.
