Overview

Malawi is a Least Developed Country (LDC), in which the majority of people depend on small-scale, rain-fed agriculture. Drought and flooding, worsened by climate change, puts agriculture at risk, threatening livelihoods and jeopardizing food security. Insurance and risk finance can help build resilience for vulnerable groups and protect the country’s development.

UNDP’s Insurance and Risk Finance Facility is working with private sector partners in Malawi to create innovative insurance solutions and increase financial education to build resilience in rural communities.

Main Natural Hazards

Earthquake, Drought, Flood

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1 Source:
https://drmkc.jrc.ec.europa.eu/inform-index/INFORM-Risk/Country-Risk-Profile
Insurance penetration

1.8% (2023)

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1 Source:
https://gcrratings.com/wp-content/uploads/2023/02/Insurance-Sector-Risk-publication-20-February-2023.pdf
Biodiversity ranking

#61 out of 239 countries and territories (2023)

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1 Source:
https://worldrainforests.com/03highest_biodiversity.htm
Small business % contribution to workforce

24% of total employment (2019)

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1 Source:
https://blogs.worldbank.org/en/africacan/supporting-malawis-small-enterprises-spur-economic-growth-and-create-more-job
Multidimensional poverty

49.9% (2019/2020)

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1 Source:
https://hdr.undp.org/system/files/documents/hdp-document/2023mpireporten.pdf
Number of insurance providers

5 life insurance companies, 8 general insurance companies and 1 reinsurer

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1 Source:
https://www.iim.org.mw/index.php/about/register-of-licensed-entities
% Workforce engaged in agriculture

62% (2022)

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1 Source:
https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS

Our projects

Boats on Lake Malawi