The ICMIF Foundation has published its 2025 Impact Report, marking a decade of work to expand mutual microinsurance to underserved communities across the Global South. The findings highlight significant growth, strengthened partnerships and climate resilience efforts, all driven by the Foundation’s mission to build more resilient communities.
The ICMIF Foundation is a charity linked to the International Cooperative and Mutual Insurance Federation (ICMIF), an international federation bringing together mutual and cooperative insurers from over 60 countries. The Foundation was established in 2015 in England and Wales with the aim of helping low-income communities — particularly in emerging countries — through microinsurance and risk reduction programmes.
Its best-known initiative is the ‘5-5-5’ strategy, which seeks to expand access to microinsurance, financial education, climate and health risk prevention, and economic resilience for vulnerable families.
In total, the Foundation has 3.8 million active policies, protecting 19 million people in countries such as Kenya, Malawi, India, Sri Lanka and the Philippines. Most of the policies were issued through the 5-5-5 Mutual Microinsurance Strategy.
In the foreword to the document, the CEO of the ICMIF Foundation, Sabbir Patel, reflects on the vision first set out in 2015 by Dr Jaime Aristotle ‘Aris’ Alip of the Philippines. Dr Alip “firmly instilled the belief that cooperative and mutual microinsurance can be a solution for millions of underserved, low-income people in a meaningful and sustainable way,” states the foreword, a goal that continues to guide the Foundation.
Despite the progress, Patel warns that “many millions more people are falling into the poverty trap every year, due to growing gaps in social protection, economic instability and the rise in climate-related traumatic events”.
The ICMIF Foundation’s Impact Report 2025, containing all the data, is available here.
