The Insurance and Risk Finance Facility works with public and private partners to build the financial resilience of countries, households, businesses, nature and food systems.
The Insurance and Risk Finance Facility is powered by a global team of development leaders, insurance and risk finance specialists, campaigners and coordinators.
The Insurance and Risk Finance Facility’s unmatched partnerships with foundations, governments, the insurance industry and development actors allow us to unlock new ways to achieve sustainable development.
We work on the development and delivery of tailored insurance and risk finance solutions across five key areas.
We work with governments and insurance industry partners to develop insurance solutions tailored to the actual needs of countries and communities.
Our in-country work takes a systems approach, focusing on the enabling environment as well as the market conditions needed for insurance and risk finance solutions to deliver financial resilience at scale.
UNDP is working with government and industry to protect people, economic activities and ecologies in Asia Pacific.
View allUNDP is working with governments and industry to bolster financial resilience in Europe and Central Asia.
View allUNDP is working with governments and industry across the region to build the understanding of and accessibility to financial solutions.
View allOur insurance and risk finance country diagnostics summarize key findings of insurance and risk finance country studies carried out by the Insurance and Risk Finance Facility and UNDP Country Offices.
The latest thinking, expertise and innovations to deliver insurance and risk financing solutions at scale.
Our training programmes build stakeholder capacity in areas central to building financial resilience.
The latest news and stories from the UNDP Insurance and Risk Finance Facility.
Subscribe to our newsletterBangladesh is one of the most densely populated and climate vulnerable countries in the world. Despite impressive economic growth and significant investment in climate preparedness, the country is facing more frequent and severe disasters. Financial management of these growing risks is critical to a resilient future for Bangladesh economy and its food security.
UNDP’s Insurance and Risk Finance Facility is building financial protection into critical sectors for sustainable economic growth in Bangladesh – including agriculture, livestock, rural infrastructure and public financial management of risk.
Flood, Earthquake, Tsunami,
Cyclone
1Fragile
110%
1The Microinsurance Network, Landscape of Microinsurance 2023, Based on target population estimate for Bangladesh of 104,325,594 people
https://microinsurancenetwork.org/resources/the-landscape-of-microinsurance-2023
#62 out of 239 countries (2023)
180% of total employment in the private sector (2018)
124.1% (2023)
135 life insurance companies and 46 non-life insurance companies
1Forthcoming UNDP Bangladesh diagnostic
37% (2022)
1Building insurance and risk finance capacity in Bangladesh, including the first Parametric Cyclone Insurance Project
A tailored parametric cyclone insurance solution is being developed in Bangladesh as part of the Tripartite Agreement (TPA) – a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
UNDP is also fortifying the long-term enabling environment for inclusive insurance in Bangladesh, devising risk finance solutions for vulnerable populations and partnering with government to bolster institutional capacity for insurance and risk finance.
Advancing smallholder farmers’ financial resilience
Working with government and industry, the Financial Resilience in Agriculture (FRA) Initiative, powered by a partnership with the Bill & Melinda Gates Foundation, is bolstering smallholder farmers’ financial resilience and accelerating their adaptation to climate change.
FRA is developing an innovative agricultural insurance programme in Bangladesh that also links smallholder farmers’ resilience, through value chains, to national, regional and global food producers.
Bangladesh is also an active member of the FRA Community of Practice (CoP) – a long-term peer-to-peer platform that focuses on how countries and partners can learn new and best practice for financial resilience for smallholder farmers.
Incentivizing the development of new insurance products and services across emerging economies
UNDP’s Insurance Innovation Challenges are powering a new generation of insurance products and services tailored to underserved households and businesses in developing economies.