Managing Risks for Rural Development: promoting microinsurance innovations
Project dates: April 2017 – April 2021
Client / funder: UN’s International Fund for Agricultural Development (IFAD)
Description: In 2017, the MicroInsurance Centre at Milliman (MIC@M) was awarded a contract by IFAD to develop innovative risk management solutions for rural poor populations in China, Ethiopia, and the Republic of Georgia. The project has the following goals and objectives:
Project Goal: To increase the resilience and capacity to manage risks and to improve livelihoods of poor rural households depending on off-farm and/or on-farm income generating activities in China, Ethiopia, and the Republic of Georgia.
- Increase use of SUAVE (Simple, Understood, Accessible, Valuable, and Efficient) insurance by poor rural people (either direct, or indirect by insuring activities with microfinance institutions or value chain players).
- Improve access of poor rural people to a suite of valuable financial tools and rural development opportunities.