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).