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Develop inclusive insurance market and stimulate innovation in Asia and Latin America - Final evaluation

eval_number:

3431

eval_url:

https://webapps.ilo.org/ievaldiscovery/eval/3431

lessons_learned:

themes:

theme:

Tripartism & constituent partnerships

category:

Organizational issues

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comments:

ILO Impact Insurance Facility for future projects.

challenges:

The institution had had limited experience with product design and there was limited enthusiasm for the product which was designed with the fel-low, as it was seen as too risky.

success:

It was reported that there was interest in some of the approaches used by the fellow and the institution had followed up to understand more how to use sprint design. This may provide an opening for future engage-ment with similar institutions. More research into the type of products which would be of interest to the institutions would be needed.

context:

There was less flexibility to innovate and launch new products. The size of the institution and understanding of the nature of the fellow’s role were cited as potential reasons for the products not being launched.

description:

Working with Government-backed Institutions provides different chal-lenges: The one institution in the Asia part of the project which did not launch a product was PNM, a government backed financial institution in Indonesia. ILO had hoped that partnering with this institution would allow them to work with an institution which could bring products to scale with a large consumer base. The project found it difficult to work with them on innovation or to try a new approach. Feedback suggested that as a large institution, the partnership may not have been as much as a priority as for the smaller institutions involved in the project. One of the other or-ganisations also had to limit plans for a public-private partnership linked to the Government’s Social Scheme because the administrative burden was too high for their agents. For future projects, ILO may try to identify if other approaches might be more successful in working with government linked institutions.

administrative_issues:

ILO would need to consider if the approaches used by the fellows are rel-evant with similar institutions or if a different approach is needed.

url:

https://webapps.ilo.org/ievaldiscovery/lessons/249619

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location:

country:

Inter-Regional

region:

Inter-Regional

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eval_title:

Develop inclusive insurance market and stimulate innovation in Asia and Latin America - Final evaluation