Bima Challenge (BC) is a co-financing facility that aims to contribute to the business models and distribution channels of the development of an inclusive insurance market in Tanzania. rough the provision of financial assistance, BC supports product design, experimentation and roll-out of innovative and customer centric insurance products that are affordable, accessible and responsive to the management of risks for Tanzania’s low-income market. e BC is one of the market facilitation tools aimed at strengthening the supply of inclusive insurance in Tanzania. It is also a part of prioritised interventions in the microinsurance development process for Tanzania, currently spearheaded by the Microinsurance Technical Working Group (TWG).
