FIAP has joined the Financial Inclusion Action Plan (QBE Insurance Australia) launched by the Australian government, Good Shepherd Microfinance, EY and the Centre for Social Impact to support increased financial inclusion in the country. QBE Australia Pacific CEO Vivek Bhatia said millions of Australians lived in or close to financial vulnerability and poverty and that joining the QBE Insurance Australia was a “natural next step” in the company’s commitment to tackling the problem. The firm has already given almost AUD1.5m ($1.05m) to charity and launched its Premiums4Good programme to generate support for social impact investment bonds.
QBE Insurance Australia has joined the Financial Inclusion Action Plan (FIAP) launched by the Australian government, Good Shepherd Microfinance, EY and the Centre for Social Impact to support increased financial inclusion in the country. QBE Australia Pacific CEO Vivek Bhatia said millions of Australians lived in or close to financial vulnerability and poverty and that joining the FIAP was a “natural next step” in the company’s commitment to tackling the problem. The firm has already given almost AUD1.5m ($1.05m) to charity and launched its Premiums4Good programme to generate support for social impact investment bonds.