The Human Safety Net wants to innovate and create inclusive insurance solutions to offer vulnerable families protection and a safer environment

One of the main challenges families living in vulnerable contexts face when they feel strong enough to start again flying on their own is the lack of protection and a safe environment to support them.

Offering protection and a safe environment is the primary purpose of the insurance business, but unfortunately, such part of the population is usually left behind. As a result, insurance products do not answer their specific needs or they are proposed at non-accessible pricing.

As part of its Corporate Social innovation programme, The Human Safety Net decided to bring together insurance experts from Generali, NGO Partners, Universities and National associations with the ambition to create inclusive insurance solutions.

In 2022, 26 young talents from Generali are volunteering to contribute to this innovative programme. For six months, they will dedicate part of their time to developing some concrete solutions to make this a reality. Two countries will pilot this programme: Italy and Malaysia.

In Italy, we work with our NGO Partner Fondazione L'Albero della Vita. In the first phase, the pilot will concentrate on creating a deeper understanding and a detailed list of the type of protection such inclusive insurance should offer and the conditions required to make it accessible to them.

In Malaysia, the ambition is to create inclusive insurance and make them accessible for the bottom 40% of the population. To raise this vital challenge, The Human Safety Net built a mixed team with the Generali young talent supported by the University of Oxford, LPPKN (National Family and Population Board), MASW (Malaysian Association of Social Workers) and the University Putra Malaysia.

In 6 months, both pilots are expected to deliver the first results.