Source: Microinsurance Innovation Facility.
The Microinsurance Innovation Facility has announced the availability of the third round of innovation grants. The grants aim to stimulate new ideas and test innovative approaches to providing better insurance products to low income households. In this round, the Facility will focus on small grants and consumer education. It will provide several small grants, under US$100,000, to help organizations start microinsurance activities, or test targeted innovations that do not require significant investments. The Facility also expects to support 3-5 consumer education initiatives that help low-income persons make informed choices regarding risk management tools, including insurance.
Organizations eligible for grants include:
Risk carriers
Delivery channels
Suppliers to the insurance industry
Applications must be submitted online (Online application) before 10 March 2009 (17:00 Central European time).
For applications, visit here. For questions about the eligibility and selection criteria and the application process, contact microinsurancegrants@ilo.org.
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