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

Vision and purpose

Vision: We want to build the resilience of the poor and vulnerable to reduce their exposure to extreme events and natural disasters, by providing access to insurance products which permit the participation of individuals in the wide range of economic activities that are essential for improving their lives.

Purpose

  • Increase the availability and accessibility of simple, affordable, efficient and effective insurance for the poor
  • Strengthen mutual organisations in emerging markets
  • Raise awareness and support for the mutual model from external stakeholders
  • Develop the fledgling industry of microtakaful

Target: Achieve the 5-5-5 Mutual Microinsurance Strategy, ie over the next five years reach out to an additional 5 million new households in five emerging markets