Tools for Assessment, Monitoring, and Evaluation

The International Labour Organization’s (ILO) Impact Insurance Facility works with the private sector, governments, and other partners to facilitate microinsurance market development in order to minimize the vulnerability of low-income people, promote a stronger insurance sector, and support public policies in various countries. The Facility engaged a Capstone team to develop a set of standardized tools to assess microinsurance markets and to monitor and evaluate the Facility’s efforts in targeted countries. The team conducted a literature review and an internal assessment of best practices worldwide and also interviewed diverse stakeholders in Tanzania in order to create a set of standardized indicators for the market assessment tool and the monitoring and evaluation tool. In addition, the team conducted an in-depth case study of the Tanzanian microinsurance stakeholders in order to provide the Facility with recommendations on how to approach this particular market.