Insurance Innovation Challenge
1800 266 1112
Grant Funding
Up to USD 40,000
Direct financial support for scalable insurance solutions targeting Indian MSMEs.
Empowering organisations to develop and scale innovative insurance solutions that strengthen MSME resilience across India.
The UNDP–Generali Insurance Innovation Challenge supports innovative insurance solutions that help India's MSMEs better manage risk, protect livelihoods, and grow with confidence.
Up to USD 40,000
Direct financial support for scalable insurance solutions targeting Indian MSMEs.
Up to USD 40,000
Direct financial support for scalable insurance solutions targeting Indian MSMEs.
With Expert Mentorship
Access UNDP, Generali, and industry experts to refine and scale your solution.
International Reach
Expand your reach with global exposure, networking opportunities, and case studies.
Ready to scale insurance innovation for India's MSMEs?
Application timelines and submission details will be announced soon.
MSMEs are the backbone of India's economy, with 30% of India's GDP, ~62% of workforce yet many businesses remain vulnerable to many risks. This initiative supports scalable insurance innovations that help businesses prepare for future risks.
Challenges MSMEs face
Lack of access to finance
Supply chain disruptions
Price fluctuations
Workplace accidents
Natural disasters & floods
Why insurance matters
Improves financial resilience
Supports business continuity
Protects livelihoods
Enables faster recovery
Improves insurance access
Challenges MSMEs face
Why insurance matters
Lack of access to finance
Supply chain disruptions
Price fluctuations
Workplace accidents
Natural disasters & floods
Improves financial resilience
Supports business continuity
Protects livelihoods
Enables faster recovery
Improves insurance access
Discover the solution areas we're looking to support and how every application is evaluated.
Only high-quality, scalable solutions will be selected.
Organizations with existing insurance solutions that can be adapted or scaled for Indian MSMEs are invited to apply.
Offer innovative insurance products or digital insurance solutions.
Offer innovative insurance products or digital insurance solutions.
Expand insurance access through strong distribution networks.
Leverage technology to deliver insurance at scale.
Collaborate across sectors to build scalable insurance solutions.
The challenge seeks innovative insurance solutions that strengthen the resilience of India's MSMEs and their workers. It aims to support the scaling of proven solutions that improve access to affordable and relevant insurance.
Application timelines and submission details will be announced soon.
