Pricing Health and Life Insurance Products - A Practical Tool by UNDP GAIN

The microinsurance market is an area with a need for insurance solutions to help manage the risks of low-income and underserved populations. Although there is high demand and a growing market, the microinsurance market has limited tools and actuarial expertise applied in the space. A microinsurance-focused pricing toolkit was developed as part of the Global Actuarial Initiative (GAIN) partnership between Milliman and the United Nations Development Programme (UNDP) to build actuarial expertise in developing countries. The intention of this tool is to equip microinsurance practitioners on the technical aspects to be considered when pricing life and hospital-cash health products. It is not intended to be used to derive or determine the rates to be charged in any one market. Objective This session introduces and provides a technical overview of the microinsurance pricing models (one for hospital cash and one life) developed through GAIN and focuses on key principles of pricing in microinsurance with considerations inherent in pricing a sustainable inclusive insurance product. Audience: • Actuaries and actuarial students • Technical staff (i.e. data management, underwriting, product development) working in microinsurance • Insurtech innovators • Microinsurance providers and distributors

September 23, 2025

Joint Webinar by Inclusive Insurance Virtual Forum (IIVF) and UNDP Global Actuarial Initiative (GAIN)

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