Insurance reduces global poverty
The key reason for establishing our Foundation is we know Innovative Micro Insurance can reduce global poverty substantially.
Many Global Studies confirm this (2014)
World Bank Study (2014): Insurance and Poverty Reduction found that insurance can help reduce poverty by protecting households from shocks, promoting risk management, and increasing access to financial services.
UNDP Study (2016)
Insurance and Poverty Reduction: A Global Review concluded that insurance can play a significant role in reducing poverty by mitigating risks, improving financial inclusion and enhancing economic resilience.
ILO Study (2017)
Impact of Microinsurance on Poverty Reduction. This study found that microinsurance can help reduce poverty by increasing access to financial services, improving risk management and enhancing economic resilience among low-income households.
World Health Organization Study (2019)
Health Insurance and Poverty Reduction. This study found that health insurance can help reduce poverty by protecting households from catastrophic health expenditures, improving access to healthcare and reducing financial risk.
GFDRR Study (2020)
Insurance and Disaster Risk Reduction. This study found that insurance can help reduce poverty by mitigating the impact of natural disasters, promoting disaster risk reduction and enhancing economic resilience. Our Foundation shall work towards making Micro Insurance more suitable, affordable and efficient through innovation and collaboration.