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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.

Project Objectives:

  1. 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).
  2. Improve access of poor rural people to a suite of valuable financial tools and rural development opportunities.

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