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

Why the 5-5-5 Strategy?

ICMIF launched the 5-5-5 Mutual Microinsurance Strategy to develop mutual microinsurance in five countries over five years, reaching out to 5 million uninsured low-income households (which equates to 25 million lives impacted 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:

  • BUILDING AN INSURABLE POPULATION: The 5-5-5 focuses on building awareness of the role of insurance, developing trust with communities and providing risk mitigation strategies which support the development of a long-term “insurance-friendly” and insurable population.
  • BUILDING RESILIENCE: The 5-5-5 ensures that communities have access to necessary services and information to strengthen their livelihoods such as health camps, access to veterinary doctors, and 24x7 health lines complimenting and giving access to government schemes and services.
  • AN INCLUSIVE APPROACH: The 5-5-5, through its country diagnostics identifies where the need is, and through its mutual people-based approach builds on their existing solidarity networks and empowers them to take control of their own livelihood.
  • 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 utilising technology and technical support from ICMIF members.
  • SUPPORTED BY LIKE-MINDED ORGANISATION: The 5-5-5 is supported by ICMIF members 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.
  • Number of households is based on the number of policies written. It is possible that some households may have more than one insurance policy.
  • Number of lives impacted is based on the assumption of a household containing five individuals who would all benefit from a household member having insurance.