Global Access to Insurance Initiative

Project description

Title: Access to Insurance Initiative
Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ)
Co-funded by: Directorate-General for International Cooperation; European Union (EU)
Country: Global
Overall term: 2018 to 2022


In many countries, large sections of the population have little to no insurance coverage. However, insurance is important to safeguard progress in economic development and to cushion the financial impact of illness, death, accident, crop failure or destruction of property caused by natural disasters. Under the 2030 Agenda, insurance is recognised as an important instrument for achieving numerous development goals. Yet many providers in developing and emerging countries lack the strategies and expertise to adapt their business models to customers or regions with little access to insurance. Experience of promoting inclusive insurance solutions needs to be processed more thoroughly. Furthermore, such experience is insufficiently integrated into the various thematic areas of development policy. Insurance sector actors in developing and emerging countries, in German development cooperation and in the international discussion at expert level lack knowledge of effective approaches. Moreover, there is a lack of corresponding interventions under development cooperation. Even insurance supervisory authorities in cooperation countries lack the expertise and instruments required to create regulatory and supervisory frameworks that enable access to needs-based insurance.


Inclusive insurance solutions are mainstreamed in German development cooperation internationally. In addition, insurance supervisory authorities have created a framework to facilitate access to insurance based on the needs of poor and vulnerable groups.


The project helps to improve the conditions for inclusive insurance which, in turn, helps to position inclusive insurance in German development cooperation. At the same time, it helps to develop and disseminate business models and innovative topics for inclusive insurance solutions. The project also supports the German Federal Ministry for Economic Cooperation and Development (BMZ) in addressing current issues and in steering international processes.

Measures include the work of the Secretariat of the global partnership Access to Insurance Initiative (A2ii), the implementing partner of the International Association of Insurance Supervisors (IAIS) for inclusive insurance. The project focuses on positioning A2ii as a thought leader and central knowledge platform for regulating inclusive insurance markets, strengthening the skills of insurance supervisors worldwide and supporting them in designing and implementing supportive framework conditions.


Insurance protects poor and vulnerable households and micro, small and medium-sized enterprises (MSMEs) against the economic consequences of unforeseen events. It increases resilience, facilitates investment and thus promotes sustainable development. The BMZ’s sector strategy on financial systems development (2016) confirms the importance of insurance as a preventive instrument. Financial inclusion and risk protection are enshrined in the Sustainable Development Goals (SDGs) of the 2030 Agenda; insurance is particularly important for certain goals (for instance, no poverty, zero hunger, gender equality, decent work and economic growth and climate action).

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