Applications are now open for the 2025 UNDP Nigeria Inclusive Insurance Innovation Challenge. UNDP Nigeria and FSD Africa are collaborating to launch the Inclusive Insurance Innovation Challenge aimed at accelerating the development of insurance solutions that address the unique needs of financially underserved populations in Nigeria. UNDP Nigeria brings deep-rooted expertise in sustainable development, policy advocacy, and inclusive growth, with a strong mandate to strengthen resilience among vulnerable communities.
WORTH
- 3 winning proposals will receive a cash prize of N30m each and intensive technical assistance to refine, test, license, and bring your product to market.
- All shortlisted innovators will be invited to a Bootcamp to sharpen their product design, business model, financials, and regulatory readiness.
ELIGIBILITY
Innovators, startups, insurtechs, fintechs, insurance companies or community‑based organizations with:
- A product/service/idea that serves underserved populations (low‑income, rural/peri‑urban, women, small farmers, small businesses)
- A business model that is commercially viable or with a clear path to viability
- A capacity or a plan to integrate gender and inclusion into the product (women, persons with disability, marginalized groups)
- Willingness to partner with insurers, regulators, or other stakeholders in the insurance sector for practical rollout
- Duly registered status with CAC and tax compliant under the Nigerian law.
DEADLINE: October 30, 2025
To apply and for more information, Visit here