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

Why the 5-5-5 Strategy?

In January 2015, ICMIF launched the 5-5-5 Mutual Microinsurance Strategy to develop mutual microinsurance in five countries, reaching out to 5 million uninsured low-income households, equate to 25 million individuals in total. The ultimate objective being to take low-income people out of poverty.

The 5-5-5 Strategy is unique in that it is:

  • Mutual-focused: Cooperative and mutual insurers are inherently inclusive because they evolve out of a protection need not addressed by the government or the private sector.
  • ICMIF member companies on the ground: The 5-5-5 Strategy works with member organizations that are known and trusted by ICMIF.
  • Three phased approach: A three-phased focused, impact-based approach has been devised to achieve our target, consisting of a diagnostic ‘research’ phase, an evidence-based strategy phase, followed by a country intervention programme which will see the strategy being put into practice.


  • Supported by established mutuals: The 5-5-5 Strategy is supported by the ICMIF membership and individual, established member insurers who provide technical and financial support. Our aim is to establish a long-term partnership between the technical assistance providers and recipients. 

ICMIF's unique impact assessment framework

ICMIF has created a unique impact assessment framework to measure the impact of the 5-5-5 and ensure that real change is happening on the ground. 

A set of key performance indicators (KPIs) have been developed to measure the impact of the 5-5-5 Strategy, such as claims ratios, speed of claim payments and proportion of women insured. The KPIs from the first year of the country intervention programme in each country will be will be used as a baseline to monitor progress over the next five years. 

The impact of the project will also be monitored on a qualitative basis by following five families on a quarterly basis and producing a learning diary with policyholders.