UNDP Tanzania Insurance Innovation Challenge 2025 for young Tanzanian Innovators

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Application Deadline: April 15, 2025

Applications are actually open for the 2025 UNDP Tanzania Insurance Innovation Challenge. UNDP’s Insurance and Risk Finance Facility is creating an Insurance Innovation Challenge (IIC) to assist deal with these main points by means of advances throughout the insurance coverage business, by facilitating and incentivizing the event and launch of a set of transformative and revolutionary insurance coverage services. Insurance intermediaries, aggregators, insur-techs, fin-techs, distribution channels, and different associated non-public sector actors and people working in Tanzania. , can apply to the IIC by means of a collection of Calls for Proposals for monetary assist, together with technical help to scale up revolutionary insurance coverage options.

The Insurance Innovation Challenge (IIC) presents a chance for Tanzania to interact the insurance coverage business in creating options that improve monetary resilience and promote inclusive progress by means of the Insurance Innovation Challenge, utilizing a Hackathon modality. Technically supported by UNDP Accelerator Lab Tanzania the problem shall be organized in partnership and collaboration with the Association of Tanzania Insurers (ATI) and the Tanzania Insurance Regulatory Authority (TIRA). 

Eligible Applicants:
Applicants should be Insurance intermediaries, aggregators, insur-techs, Fin-techs, distribution channels, and different associated non-public sector actors working in Tanzania.

Focus of Solutions:
Entities making use of to the Insurance Innovation Challenge 2025 should deal with key growth wants by means of revolutionary pondering whereas making certain:
• Viability: Solutions should be adaptable to native situations, demonstrating practicality and effectiveness within the Tanzanian context.
• Sustainability & Scalability: Solutions ought to be designed to advertise long-term sustainability and scalability, making certain they will develop and evolve to succeed in wider audiences over time.

Benefits

• The profitable general answer will obtain a mixed prize cash of 30,000,000 Tanzanian Shilling, together with complete technical help for six months on the contract begin date to make sure the ensuing options are viable, sustainable, and scalable. 

Application Process
▪ All accomplished application packs should be submitted by means of the designated on-line platform offered for the hackathon. https://forms.gle/DZTaZZqHGDc1mpfw9 
▪ Application packs should embrace totally accomplished application types. Incomplete types is not going to be assessed.
▪ All obligatory fields within the application type should be stuffed.
▪ Late submissions obtained after the deadline is not going to be thought of.

Screening and Evaluation:

• Applicants should efficiently go the preliminary screening and pitching phases to qualify for assist.

For More Information:

Visit the Official Webpage of the UNDP Tanzania Insurance Innovation Challenge