Inclusive Insurance Working Group (IIWG)
The IIWG is dedicated to advancing inclusive insurance to build resilience among low-income and vulnerable communities.
Through enhanced coordination and collaboration, the IIWG aims to maximize the impact and efficiency of inclusive insurance initiatives, both in technical assistance and funding, while leveraging existing frameworks such as the G7/V20 Global Shield against Climate Risks and aligning efforts with other IDF Working Groups.
The IIWG’s focus spans three key areas:
Advocacy
- Engaging with policymakers, regulators, and multilateral institutions to shape enabling regulatory environments and integrate inclusive insurance into global and national policy frameworks.
Implementation
- Designing and implementing innovative inclusive insurance and risk management solutions tailored to local needs.
Measurement
- Strengthening knowledge-sharing, impact measurement, and evaluation to scale effective solutions and foster industry-wide learning. To drive action, the IIWG sources projects through three main avenues: leveraging the Global Shield’s in-country processes to identify promising initiatives; collaborating with the IDF’s SHS Working Group to align expertise on last-mile distribution and climate risk modelling; and engaging members to propose projects that test new inclusive insurance solutions with potential for scale.
Implementation Work Highlights:
- Collaboration with the Global Shield Against Climate Risks on inclusive insurance, engaging in stocktaking, gap analysis, and recommendations in countries in Africa, Asia and Latin America.
- Working with various organisations on remittance-linked insurance (The Health Bridge Initiative) to explore the harnessing of remittances, as one of the largest sources of external finance for many low- and middle-income countries, to cover insurance.
Inclusive Insurance Working Group (IIWG) Leadership
Working Group members
AB Consultants
Allianz
AM Best
APA Insurance
Asia Affinity Solutions
AXA EssentiAll
Blue Marble MicroInsurance
Britam
Centre for Financial Regulation and Inclusion (CENFRI)
CGAP
Etherisc
Generali
GIZ
Global Shield against Climate Risks
IBISA
ICMIF (International Cooperative and Mutual Insurance Federation)
IFAD (International Fund for Agricultural Development)
IFC (International Finance Corporation)
ILO Impact Insurance Facility
InsuResilience Solutions Fund (ISF) / Frankfurt School
KfW
MCII/UNU
MicroInsurance Centre at Milliman
MicroInsurance Network (MiN)
Munich Re Foundation
Prudential
SCBF (Swiss Capacity Building Facility)
SEWA
UNDP (United Nations Development Programme)
WFP (World Food Programme)
World Bank
ZEP-RE
Zurich Insurance Group