GISEC-BEL-Models

completed

The Global Insurance Solutions for Emerging Clients (G-ISEC) Program is an incubator of innovative solutions in the microinsurance sector. It has a particular focus on health insurance for low-income populations and low income/IDA countries. The Program supports: market-making or game-changing innovations; companies that leverage technology to further reach low-income (economically active poor) populations with insurance solutions; global partnerships that improve impact; and knowledge sharing developing and disseminating evidence on effective Health Financing Solutions (HFS) and approaches. Fromageries BEL (BEL) is a leading branded cheese producer and distributor with vast global operations; factories and subsidiaries in 35 countries and sales in 130 countries. Historically strong in Europe, BEL is focusing on expanding its operations in Africa and South-East Asia. Realizing the large untapped market lying in the informal bottom-of-the-pyramid (BoP) segment of those economies, BEL identified the need to craft an innovative value-added product and comprehensive approach to access those consumers. The Sharing Cities (SC) Program was created to leverage existing networks of fruit & vegetable streets vendors, predominantly women, to sell BELs products. In line with the BoPs ethos of mutual value creation (for the people at the bottom of the pyramid vendors and consumers and for the company), BEL has set up a Social Impact (SI) Platform offering social protection (health insurance), technical training courses (on food safety & financial education), microloans and support for administrative formalization. The goal of the G-ISEC-BEL project is to design and implement replicable and scalable models of innovative health financing for the informal sector.