Thailand

Building an enabling environment for inclusive insurance and risk finance

The Tripartite Agreement (TPA) is 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). Through TPA, UNDP is helping to support the enabling environment for inclusive insurance development in Thailand, growing institutional capacity and crafting solutions for vulnerable sectors of the population.

Supporting small business resilience with risk management tools

UNDP is collaborating with leading insurance company Generali to develop small business resilience in Thailand, boosting a sector that provides the majority of employment in the country. As part of this collaboration, a disaster loss framework for SMEs has been developed, offering guidance to help small businesses manage risk in the face of climate challenges. The cooperation is also resulting in the creation of important research and thought leadership on resilience among MSMEs in the country.

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.

• Active in 25 countries, with an investment of over US$2.1 million 
• Addressing specific barriers and opportunities to scale financial protection, with a particular focus on women, SMEs and other vulnerable groups 
• Creating market opportunities for insurance providers and safeguarding development.