Latest News
05 December 2019
Insurance for low-income markets, or microinsurance, provides a means for smallholder farmers to protect themselves from this financial loss.
11 November 2019
A large majority of Indian workers are employed in the unorganised sector, and with little income security this makes them very vulnerable to the everyday risks they face.
07 November 2019
The Asia and Oceania Association of ICMIF (AOA) and ICMIF are pleased to announce that the final agenda of AOA/ICMIF Microinsurance Seminar on Monday 11 November 2019.
What is the 5-5-5?
ICMIF launched the 5-5-5 Mutual Microinsurance Strategy (the "5-5-5") to scale up mutual microinsurance in five countries. The ultimate objective is to build resilience in communities and developing insurable populations by providing financial education, risk reduction and affordable need-based insurance products.
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
Current Outreach
1.7
million lives impacted