KUALA LUMPUR, Oct 23 (Bernama) — Generali and United Nations Development Programme (UNDP) have announced the launch of “Insurance Innovation Challenge Fund” (IICF) and are seeking proposals from participants nationwide focusing on innovative insurance solutions to build small and medium-sized enterprises (SMEs) resilience in Malaysia.
The submissions should offer long-term sustainable solutions to safeguard SMEs against climate and other risks, be it through scaling up existing solutions, or partnering with diverse distribution channels and integrating new technology solutions. Products can cover, for example, stock and machinery, business continuity, staff, specific or multiple risks.