WomensInsurance (IFC-601416)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 27, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 652.12 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 25, 2017

Disclosed by Bank Aug 10, 2017


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Project Description
According to IFC's website, this project builds on IFC's successful launch of the SheforShield: Insure Women to Better Protect All report in September 2015. The report highlights that the women's market will represent a $1.7T opportunity for the insurance industry by 2030, 50% coming from ten emerging countries alone. It recommends insurers to identify and target women based on their fast changing socioeconomic-and income status. The objective of this project is to support insurance companies in developing their Women's Market approach and creating solutions to help increase women's financial protection and risk mitigation mechanisms in 3 to 4 emerging/developing countries. IFC will also work with insurers piloting the program to increase women's awareness of insurance and customize products to better address their needs. Through the project, IFC and its pilot clients will target women as retail and low-income clients, entrepreneurs, and women within the distribution/sales force.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/