Firm to Support the Implementation of Insurance Innovation Challenge

The firm to be recruited will support with the implementation of the Insurance Innovation Challenge Hackathon in Uganda. The selected firm will be responsible for the end-to-end design and implementation of an innovation challenge and hackathon focused on inclusive insurance in Uganda. 

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

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Identify and support insurance solutions for underserved markets, in the focus areas of resilient households, communities and countries, businesses, nature and food systems.

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Promote innovative, inclusive insurance models that target underserved populations, leveraging technology, new distribution channels, and partnerships.

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Enable local insurers and private sector actors to develop and implement tailored products and services.

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Share insights and create guidance materials to support the replication of successful models globally.

The innovation challenge will use a hackathon format to identify and work with actors in the insurance ecosystem to support their products and services. This initiative will complement IRA’s InsureX program by building upon the successful first InsureX cohort (7 graduates, October 2023) and leverage the established two-tier innovation pathway: InsureX accelerator training followed by IRA Regulatory Sandbox testing.