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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.
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.
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.
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.