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Insurance Market Development : DFID - World Bank Program (English)

The Insurance Market Development Program, supported by Department for International Development (DFID) and the World Bank, aims to partner with key counterparts in selected emerging markets to support the development of their insurance industries. The goal is to create robust, efficient insurance markets, offering appropriate products to meet local consumer needs and protect against vulnerability and poverty. The approach to support insurance market development will be in two phases. Phase one will be an exploratory stage, which will deepen our understanding of insurance markets in a handful of selected countries, which have good market development potential and a willingness to progress this agenda. The second phase will consolidate the findings of the exploratory stage, developing implementation plans that draw on the diagnostics, lessons learned research and other pilot initiatives under way. The program will be implemented by DFID and World Bank in coordination with a number of other partners. This would include the IFC, which would be encouraged to seek investments in the selected countries where such stakes could act as a catalyst for market growth as well as help inform the types of early stage investment or market activities needed to help expand coverage.

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Insurance Market Development : DFID - World Bank Program (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/410181624897805272/Insurance-Market-Development-DFID-World-Bank-Program