The UNDP-Milliman Global Actuarial Initiative

A partnership to grow the actuarial profession and strengthen safety nets worldwide

Gaining ground on climate change and poverty

Healthy economies need insurance, and insurance needs actuaries to help quantify risk. But in many developing countries, the actuarial profession is just emerging.

That’s why Milliman and the United Nations Development Programme's Insurance and Risk Finance Facility launched the Global Actuarial Initiative, or GAIN. Through this partnership, volunteers travel around the world to meet with universities, insurers, and governments and offer training and mentorship.

The objective of GAIN

Enhance global sustainable development through the expansion of actuarial capacity and expertise in the developing world.

Learn more about the program's scope

What's an actuary, anyway?

Actuaries are professionals who use math and statistics to measure risk. In the developing world, actuaries develop insurance products to help farmers protect crops and cattle, and to help communities recover from floods, fires, and other natural catastrophes. They can help establish effective auto and life insurance markets. Actuaries help bring safety nets and financial security to a world at risk.

GAIN's work around the world

GAIN is on the ground in a growing number of countries with programs being delivered by the UNDP Insurance and Risk Finance Facility.

Learn more about IRFF

Video

Understanding and financially managing risks to build resilience

This joint UNDP and Milliman event unpacks the strains of colliding crises on current risk management toolkits. Insurers, regulators, actuaries, and development organisations will share insights and tools for decision-makers on better understanding and managing risks. Areas of discussions include the importance of accurately pricing new risks, developing innovative insurance products and the role of regulatory frameworks.

Snapshots and stories from GAIN's country visits

Colombia
Egypt
Ethiopia
Nepal
Nigeria

Colombia

UNDP GAIN fact-finding group travels to Colombia

Read the article

Successes from GAIN's first year

UNDP GAIN Milliman volunteers

Stay updated with GAIN's latest progress

Read the report

Hear five Milliman volunteers reflect on their experiences on our Critical Point podcast

Listen to the podcast

GAIN's implementation process and more, published on the Society of Actuaries website

Read the article

A look at GAIN's potential country interventions and initial challenges, published on the Institute of Actuaries of Australia website

Read the article

Keep up-to-date on GAIN's progress and join the effort

Join our mailing list to get the latest news about GAIN. Plus, if you're an actuary or professional in a related field, Milliman and the UNDP invite you to volunteer.

Participate in GAIN