The village of Sadni Bata, situated in Gujarat (northern India), is so remote that it takes over an hour to reach from the nearest town.
Dr Jaime Aristotle Alip (pictured, centre), Founder of the ICMIF 5-5-5 Mutual Microinsurance Strategy and a fomer Chair of the ICMIF Development Committee, has today (10...
What is the 5-5-5?
ICMIF’s 5-5-5 Mutual Microinsurance Strategy is a five year project based in five emerging market countries and aims to provide five million households with insurance cover for the first time to take them out of poverty. The ultimate objective is to build resilience in poor communities.
The 5 Countries
The countries identified to take part in the 5-5-5 Strategy are India, The Philippines, Kenya, Sri Lanka and Colombia. The country selection criteria being:
- Frontrunner in microinsurance
- High incidence of poverty
- Geographic reach
- ICMIF member presence