Financial Inclusion

Our commitment to financial inclusion in the communities where we operate

At Generali we believe that all individuals and businesses should have access to useful and affordable insurance that meet their needs.

Some groups of clients are especially underserved due to their vulnerability when it comes to insurance, and we are committed to innovate and expand the range of insurance services available to underserved groups, as well as offer non-financial support and promote the financial well-being of underserved groups. We are also aware that we cannot reach these goals alone and we believe in the power of partnerships to expand the reach of inclusive finance.

These are our key partnerships and best practices in terms of products, services and non-financial support:

Generali & UNDP Partnership
A unique partnership aiming to boost access to insurance and risk finance solutions to reduce the protection gap and increase the socio-economic wellbeing of some of the world’s most vulnerable people and places.

THSN - Financial Education Programme
Financial education is now a strategic component of the For Families Program at The Human Safety Net. This integration addresses both the financial needs of parents and caregivers while fostering responsive caregiving and creating more opportunities for early learning.

Insurance solutions with ESG components
As part of our range of insurance offers, we are committed to developing and promoting some solutions that have ESG components. This includes products aimed at enabling and enhancing social inclusion, focusing on the disadvantaged and vulnerable sector of the population, like the young, the elderly, the disabled, the migrants.

Best practices

Financial Inclusion Products & Services

PRODUCTS & SERVICES DESCRIPTION TARGETED CLIENTS NUMBER OF CLIENTS REACHED  

NUMBER OF TRANSACTION/
CONTRACTS  
Microinsurance Health protection for low-income group  
that covers against disability or death due to accidents. 		 Poor and/or low-income individuals Up to 27,600 Up to 27,600
Other financial inclusion service Remote assistance service for elderly people and adults with disabilities or loss of autonomy which allows to immediately contact qualified tele-assistants and to organize the intervention of the emergency services. Other underserved groups – Elderly people Up to 70,000 Up to 70,000
Microinsurance Crop and cattle insurance scheme aiming at providing financial support to farmers suffering crop/loss/damage, stabilizing farmers income to ensure their continuance and ensuring flow of credit to the agriculture sector.  Microbusinesses (farmers)
Individuals in rural or hard-to-reach areas		 Up to 1,300 Up to 1,300

 

Financial Inclusion - Non-Financial Support

NON-FINANCIAL SUPPORT DESCRIPTION TARGETED CLIENTS QUANTITATIVE SOCIAL IMPACT
Business management tools or training Entrepreneurship and Economic Growth: Many refugees and migrants living in vulnerable conditions have the skills, passion and resilience to become entrepreneurs, but they face many obstacles: language barriers, regulations and procedures that differ from those in their country of origin, loss of network, etc. These are all obstacles that prevent them from setting up their own business. Within the Entrepreneurship programme, the Generali Foundation's "The Human Safety Net" encourage people with refugee or migrant backgrounds to explore and further develop their skills as entrepreneurs, supporting them by gaining the right business skills, legal advice, expert mentoring, and networking opportunities to launch or grow their businesses. Poor and/or low income individuals
Other underserved groups – Migrants		 5,814 N. of persons with refugee or migrant background that benefit from the Entrepreneurship program
656

Businesses created among 6 countries
Business management tools or training Employability and Economic Inclusion: For refugees arriving in a new country, numerous barriers hinder their full economic inclusion. Many face difficulties in restarting their careers.
However, with the right tools and guidance, they can successfully re-enter the workforce and pursue their professional aspirations. Within the Employment programme, the Generali Foundation's "The Human Safety Net" aims at giving refugees and migrants living in vulnerable conditions access to more than 20 different types of professional or vocational training, enabling them to take a first step into the labour market or to progress and grow their career.		 Poor and/or low income individuals
Other underserved groups – Migrants		 7,794

N. of persons that benefit from the Employability program
1,555 N. of participants who obtained a job
Financial or digital literacy training Supporting Visually Impaired with Accessible Computer Labs: In India, about 60 million people are disabled and 42.5% of them are women while 75% of people with disabilities come from rural areas. Nearly 40 million people in India, including 1.6 million children, are blind or visually impaired due to uncorrected refractive error. There is a confluence of barriers to accessibility with inaccessible and unaffordable technologies, inaccessible websites, and unsupportive laws to cater to the needs of visually impaired. As a result, they unable to have access to facilities available around them to enhance their skills.


The project focuses on supporting visually impaired students by providing accessible computer labs. 

 Other underserved groups – individuals with health conditions and impairments 638 N. of visually impaired children
50 N. of computers provided in 5 schools of Bhopal, Indore and Jabalpur