Extending mutual microinsurance to 5 million uninsured households in five countries over five years.

The ICMIF 5-5-5 Mutual Microinsurance Strategy

ICMIF launched the 5-5-5 Mutual Microinsurance Strategy (the "5-5-5") to develop mutual microinsurance in five countries over five years, reaching out to 5 million uninsured low-income persons insured*. The ultimate objective being to take low-income people out of poverty.

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.


  • The 'five year' period will commence at the launch of the ‘country intervention phase’ for each country, after the country diagnostic and strategy phases have been completed. Therefore, the ‘five years’ will span different timescales in each of the five countries, depending on when the first two phases are finalised.