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.

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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.

Get involved

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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.

The objective of GAIN

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

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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

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Resource

Life and health microinsurance pricing tools

These self-contained pricing models are intended to provide education on applying actuarial principles to pricing life and health products in the microinsurance market.

Resource

Establishing effective actuarial teams for insurers

This guide provides an overview of issues to consider when considering how to set up an actuarial team within your organization.

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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.

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Snapshots and stories from GAIN's country visits

Colombia
Egypt
Ethiopia
Nepal
Nigeria

Colombia

UNDP GAIN fact-finding group travels to Colombia

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GAIN Media moments

Stay updated with GAIN's latest progress

UNDP GAIN Milliman volunteers

Article

UNDP and Milliman host Regulatory Roundtable at the African Insurance organization Conference

UNDP and Milliman convened over 40 regulators, insurance associations and international development agencies from 8 African countries: Angola, Burundi, Ethiopia, Ghana, Namibia, Nigeria, Uganda, and Zimbabwe

Article

Interaction on actuarial expertise organized by IFOA and Insurance Authority

The Actuarial Society of Nepal, in collaboration with the Insurance Authority of Nepal and the Institute and Faculty of Actuaries (IFOA), a UK-based actuarial organization, has organized an interactive program on the development of actuarial expertise in the insurance sector of Nepal in Lalitpur today.

Article

Two years, 10 countries: Global Actuarial Initiative building much-needed risk management capacity

UNDP’s Insurance and Risk Finance Facility and Milliman launched the Global Actuarial Initiative (GAIN) in September 2022 to build actuarial expertise in developing countries. The goal was to help governments and the insurance industry to better manage increasingly complex risks.

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Asia focused round table on the role of actuaries in insurance regulation delivered by UNDP, Milliman, A2ii, IAA and the IAIS

The convening explored how supervisors can look to actuaries and the actuarial function - within insurance companies as well as in the regulatory office - as important contributors to effective supervisory processes.