UNDP Tanzania Insurance Innovation Challenge for Tanzanian Innovators 2025

UNDP’s Insurance and Risk Finance Facility is creating an Insurance Innovation Challenge (IIC) to help tackle these major issues through advances within the insurance industry, by facilitating and incentivizing the development and launch of a set of transformative and innovative insurance products and services. Insurance intermediaries, aggregators, insur-techs, fin-techs, distribution channels, and other related private sector actors and individuals operating in Tanzania. , can apply to the IIC through a series of Calls for Proposals for financial support, along with technical assistance to scale up innovative insurance solutions.

The Insurance Innovation Challenge (IIC) presents an opportunity for Tanzania to engage the insurance industry in developing solutions that enhance financial resilience and promote inclusive growth through the Insurance Innovation Challenge, using a Hackathon modality. Technically supported by UNDP Accelerator Lab Tanzania the challenge will be organized in partnership and collaboration with the Association of Tanzania Insurers (ATI) and the Tanzania Insurance Regulatory Authority (TIRA). 

• Table of Content
• About United Nations Development Program (UNDP)
• UNDP Tanzania Insurance Innovation Challenge
• Aim and Benefits of UNDP Tanzania Insurance Innovation Challenge
• Requirements for UNDP Tanzania Insurance Innovation Challenge Qualification
• Interview date, Process and Venue for UNDP Tanzania Insurance Innovation Challenge
• Application Deadline
• How to Apply

UNDP Tanzania Insurance Innovation Challenge

Aim and Benefits of UNDP Tanzania Insurance Innovation Challenge

The winning overall solution will receive a combined prize money of 30,000,000 Tanzanian Shilling, along with comprehensive technical assistance for six months at the contract start date to ensure the resulting solutions are viable, sustainable, and scalable. 

Requirements for UNDP Tanzania Insurance Innovation Challenge Qualification

Applicants must be Insurance intermediaries, aggregators, insur-techs, Fin-techs, distribution channels, and other related private sector actors operating in Tanzania.

Focus of Solutions:
Entities applying to the Insurance Innovation Challenge 2025 must address key development needs through innovative thinking while ensuring:
• Viability: Solutions must be adaptable to local conditions, demonstrating practicality and effectiveness in the Tanzanian context.
• Sustainability & Scalability: Solutions should be designed to promote long-term sustainability and scalability, ensuring they can grow and evolve to reach wider audiences over time.

Interview date, Process and Venue for UNDP Tanzania Insurance Innovation Challenge

Screening and Evaluation:

Applicants must successfully pass the initial screening and pitching stages to qualify for support.

Check also:
Erasmus Mundus Scholarship 2027
Global Korea Scholarship 2027

Application Deadline

How to Apply

• All completed application packs must be submitted through the designated online platform provided for the hackathon. https://forms.gle/DZTaZZqHGDc1mpfw9 
•  Application packs must include fully completed application forms. Incomplete forms will not be assessed.
•  All mandatory fields in the application form must be filled.
•  Late submissions received after the deadline will not be considered.

For more details, visit UNDP webpage