Global Insurance penetration remains low especially in African and Asian countries. This is largely because of a lack of awareness, information and proper channels of engagement among the various participants in the insurance industry ecosystem. 

 Harnessing Insurance is one of the key pillars of the Sustainable Development Goals (SDGs). In particular the following goals

Goal 1 target 1.5-By 2030,build the resilence of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic,social and enviromental shocks and disasters.

Goal 8 target 8.1 aims to strengthen the capacity of domestic financial institutions to encourage and expand access to insurance and financial services for all. 

Insurance Adocacy Foundation helps to bridge these gaps by generating and disseminating knowledge, fostering learning and dialogue in the insurance industry ecosystem. Our strategy focuses on three key interconnected priorities that aim to increase global insurance penetration. 

 

                                                                                                                                                       Our Mission

 To support and strengthen the insurance industry ecosystem by creating awareness, generating knowledge and information that will ultimately increase insurance penetration globally and create sustainable futures. 

 

                                                                                                                        Our Vision

                                            To be a leader in generating and disseminating information in the insurance industry ecosystem. 

 

                                                                                                                             Strategy                     

                                                                                           Engaging with insurance industry stakeholders 

The cornerstone of customer centricity is understanding the needs of customers and crafting out solutions that are customer oriented. Continuous communication, interaction and awareness creation is key to achieving this. 

Insurance Adocacy Foundation provides a number of solutions that seek to support the various insurance industry stakeholders to enhance customer centricity and ultimately increase insurance penetration. 

1. Industry videos which are short clips that give an opportunity to stakeholders to talk about the industry, products and services. 
2. An online forum for the various stakeholders to interact. 
3. A platform to conveniently offer insurance products.
4. Conducting market research.
5. Awareness creation on insurance products and services. 
6. Platform to conduct webinars and polls..

 

                                                                                              Support to existing and potential policyholders 

Organization bureaucracy, weak channels of communications and generally poor customer services have led to low uptake of insurance products. Many policyholders wish to have their issues addressed fast and effectively.

Insurance Adocacy Foundation bridges this gap by offering a number of solutions to existing and future potential policyholders. 

1. An online platform to instantly communicate with the insurance companies.
2. Consumer speak videos which are short clips highlighting experiences of policy holders. 
3. A platform to conveniently purchase various insurance products.
4. A knowledge portal for Insights and analytics in the insurance industry. 

 

 

 

                                                                                                Fostering knowledge in insurance educational institutions and students.

Education is a key driving force in achieving transformative change in society. Insurance Adocacy Foundation seeks to support insurance educational institutions and students in cultivating the next crop of insurance industry professionals by actively engaging them in a number of ways.

1. Essay writing and blogging competitions
2. Academic Scholarships to deserving students
3. An interactive online forum 
4. A knowledge portal for Insights and analytics in the insurance industry. 
5. Platform to conduct webinars
6. A job portal to access insurance related job opportunities

 

 

Partners and funders.

Partnerships remain key to Insurance Adocacy Foundation work with many of our activities, events, publications and academic scholarships   organised in collaboration with other organizations. 

We are immensely grateful for the support we receive from our funders and partners which enables us to carry out our work. Please accept our heartfelt gratitude.