IFC and AIA Sri Lanka to boost women’s access to insurance | Sunday Observer

IFC and AIA Sri Lanka to boost women’s access to insurance

15 November, 2020
Nikhil Advani,  CEO of AIA Sri Lanka-Amena Arif,  IFC Country Manager for Sri Lanka and Maldives
Nikhil Advani, CEO of AIA Sri Lanka-Amena Arif, IFC Country Manager for Sri Lanka and Maldives -

Sri Lankan women, including female entrepreneurs, are expected to have increased access to insurance and more of a chance of a job in the insurance industry, in the wake of an agreement between IFC, a member of the World Bank Group and AIA Sri Lanka — subsidiary of the life insurance group, AIA Group.

IFC will help AIA Sri Lanka develop a women’s insurance program strategy and suitable products for women. CEO of AIA Sri Lanka, Nikhil Advani said, “We see opening up new job opportunities for women in this industry as a significant point in increasing the uptake in the women’s market. Female recruitment is an important part of our recruitment strategy and we truly do value our female employees for the perspective and value they bring to the organisation.”

The women’s market represents a $1.7 trillion opportunity for the insurance industry globally by 2030, according to an IFC report.

“The pandemic has thrown into sharp focus the need for adequate insurance products and services. We know the impact on women, their families and their businesses has been disproportionately high,” said IFC Country Manager for Sri Lanka and the Maldives, AmenaArif.

This partnership with AIA Sri Lanka is part of IFC’s Women’s Insurance program, which is supported by the government of Australia under the IFC-DFAT Women in Work program.

 

Comments