ILO Microinsurance Facility calls for grant proposals
- Friday, December 11, 2009, 15:27
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Microfinance Focus, Dec. 11, 2009: The ILO’s Microinsurance Innovation Facility (http://www.ilo.org/microinsurance) has issued a call for proposals to encourage insurance providers to experiment with new products and develop strategic partnerships to bring affordable insurance products to working poor in developing countries.
The ILO’s Facility provides grants to support organisations to develop innovations in the microinsurance sector. The grants can support insurance against any type of risk, but priority is given to products where demand exceeds supply, such as agriculture, health, life and property.
The Facility is calling for proposals for the fourth round of innovation grants. This call has a special emphasis on health microinsurance, but also welcomes applications for projects focusing on high-impact products and innovative distribution channels.
Microinsurers that have the potential to provide better insurance products to many low-income people but need their capacity to be to strengthened can also receive support. For more details, check the overview and the guidelines and application forms or go to the online application. Applications should be submitted by March 2, 2010, said a statement from the ILO.
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