Summary (English)

The Insurance for the Poor (IfP) Program – Financial and Private Sector Development Vice Presidency of the World Bank – follows a market enhancement approach, recognizing that market failures can create sub-optimal wealth allocation and that private sector coordination is not always effective. Its main objective is to support insurance solutions that, among others:

• Can be included in a comprehensive financial strategy (savings, credit)
• Can be scaled up by means of synergies (such as public-private partnerships)
• Either directly benefit the target group or indirectly help the poor by working with intermediaries, such as insurance companies or governments (for example, disaster insurance).

Related info

Knowledge resources (microinsurance) for the WB Financial & Private Sector Development