New Microinsurance Initiative from the ILO and GatesFoundation

The International Labour Organization (ILO) and the Bill & Melinda Gates Foundation recently announced a new partnership to develop or improve insurance products to promote decent work for tens of millions of low-income people in the developing world. Over the course of the next three years, the facility will issue bi-annual requests for proposals and provide funding to pilot new insurance products, improve efficiency in the field, and use technology to create new products that better meet people’s needs. The facility will also train technical specialists to help replicate successful models. This facility builds on the successful efforts of the CGAP Working Group on Microinsurance to document the experiences of microinsurance operations around the world. Funded by DFID, GTZ, ILO and SIDA, this “Good and Bad Practices” project conducted a series of case studies of insurance companies, microfinance institutions and community-based schemes that provide insurance to the poor. See case studies on http://www.microinsurancefocus.org

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