2 million insured
10 million lives protected

5-5-5 Mutual Microinsurance Strategy

ICMIF launched the 5-5-5 Mutual Microinsurance Strategy (the "5-5-5") in June 2016 to scale up mutual microinsurance in five countries where its members are already operating. 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 5-5-5 is unique in that it is:

  • Building insurable populations: The 5-5-5 focuses on building a long-term “insurance-friendly” population by introducing low-income populations to insurance for the first time.
  • Building resilience: The 5-5-5 includes initiatives to improve policyholders’ livelihoods such as health camps and access to vets, which are in addition to the microinsurance policy.
  • An informed approach: A detailed research project is conducted in each country prior to a project launch to understand the landscape of microinsurance in each market.
  • Focused on long-term sustainability: The 5-5-5 projects work to scale up existing tried and trusted programmes and aims to achieve self-sustainability within the five years.
  • Supported by like-minded organisations: The 5-5-5 is supported by ICMIF members and other like-minded organisations who share the long-term goals of the strategy.


November 2013: Super Typhoon Haiyan in the Philippines was one of the strongest storms ever recorded to have hit land. A report released in June 2019 by the Cambridge Institute of Sustainable Leadership (CISL) entitled Mutual microinsurance and the Sustainable Development Goals: An impact assessment after Typhoon Haiyan found that households covered by life insurance delivered by a mutual microinsurer recovered better after the disaster than those without.