United Nations Development Programme (UNDP) Insurance and Risk Finance Facility (IRFF)

The Tripartite Agreement, a joint initiative between UNDP, Germany and the Insurance Development Forum (IDF), aims to deliver transformative change across both inclusive insurance and sovereign risk finance in twenty countries by 2025, in accordance with the InsuResilience Vision 2025. The UNDP Insurance and Risk Finance Facility (IRFF) was set up to find innovative, scalable solutions to help countries tackle intertwined challenges of poverty, vulnerability and risk.To deliver on this vision, running through all of UNDP’s work at the country level is a both the development and deployment of specific insurance/risk transfer tools and products together with partners, relevant to partner countries and communities, with significant investment in long-term market transformation.

This work therefore cuts across both supply and demand for insurance, with work in legislation, regulatory and institutional capacity development, matched by investment in advocacy, training and education.

UNDP’s five focus areas are as follows:

  1. Inclusive insurance
  2. Sovereign risk financing
  3. Natural capital as a protective asset
  4. Insurance and investment
  5. Integrating insurance and risk financing into development

For more information, please contact Jan Kellet (jan.kellett@undp.org)

Risk Continuum