The Global Insurance Solutions for Emerging Clients (G-ISEC) Program is an incubator of innovative solutions in the microinsurance sector. It has a particular focus on health insurance for low-income populations and low income/IDA countries. The Program supports: market-making or game-changing innovations; companies that leverage technology to further reach low-income (economically active poor) populations with insurance solutions; global partnerships that improve impact; and knowledge sharing developing and disseminating evidence on effective Health Financing Solutions (HFS) and approaches. Fromageries BEL (BEL) is a leading branded cheese producer and distributor with vast global operations; factories and subsidiaries in 35 countries and sales in 130 countries. Historically strong in Europe, BEL is focusing on expanding its operations in Africa and South-East Asia. Realizing the large untapped market lying in the informal bottom-of-the-pyramid (BoP) segment of those economies, BEL identified the need to craft an innovative value-added product and comprehensive approach to access those consumers. The Sharing Cities (SC) Program was created to leverage existing networks of fruit & vegetable streets vendors, predominantly women, to sell BELs products. In line with the BoPs ethos of mutual value creation (for the people at the bottom of the pyramid vendors and consumers and for the company), BEL has set up a Social Impact (SI) Platform offering social protection (health insurance), technical training courses (on food safety & financial education), and support for administrative formalization. The goal of the G-ISEC-BEL project is to design and implement replicable and scalable models of innovative health financing for the informal sector.

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed	Not Available	3
Number of workshops, training events, seminars, conferences, etc.	Not Available	4
Number of new financial products designed	Not Available	4
KM project: Number of follow-on IFC projects that benefited from the KM project	Not Available	2
Number of new financial products launched	Not Available	8

Performance Standard	Description and Potential Impact	Mitigation
PS1: Assessment and Management of Environmental and Social Risks and Impacts	As part of its Due Diligence, and as mandated by IFC's sustainability policy, IFC team has screened this project to assess consistency with IFC's Performance Standards. The principles of the relevant Performance Standards have been applied to the perfect design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide recommendations for appropriate mitigation measures whenever warranted.