Uganda’s micro-insurance market remains underdeveloped despite its decade-long presence. The sector faces challenges such as limited uptake and other significant market barriers.

UNDP, through its Insurance and Risk Finance Facility (IRFF) initiative seeks to address these challenges by fostering sustainable, scalable, and commercially viable insurance solutions. Among other interventions to address this, UNDP Uganda, in collaboration with Insurance Regulatory Authority Uganda (IRA), has launched the 2026 Insurance Innovation Challenge (IIC) to identify and support inclusive insurance solutions, expand market reach, and address protection gaps for underserved communities.

The overall objective of the Insurance Innovation Challenge is to leverage insurance and risk financing to protect lives, livelihoods, and assets, contributing to economic growth and resilience in Uganda. More specifically, the Insurance Innovation Challenge aims to:

• Identify and support insurance solutions for underserved markets, in the focus areas of resilient households, communities and countries, businesses, nature and food systems.
• Promote innovative, inclusive insurance models that target underserved populations, leveraging technology, new distribution channels, and partnerships.
• Enable local insurers and private sector actors to develop and implement tailored products and services.
• Share insights and create guidance materials to support the replication of successful models globally

📅 Application Deadline: 24 August 2026