Are insurers the key to ending abject poverty in developing countries?
We are appealing for £500,000 as seed funding to implement a unique programme that will generate business costs savings of 3 Billion Ugandan Shillings UGX (about £6.6 Million). Our aim is to agree terms with insurers to donate 10% to WRBLO to comprehensively disrupt poverty in deprived communities in developing countries beginning in Uganda.
This exciting venture will deliver sustained economic growth through the unique perspective of our bespoke and transparent social enterprise through which you will find to be a fulfilling and rewarding experience of the desire to be good global citizens that are intent and determined to make a huge difference in deprived communities.
WRBLO believes that insurers are a key to ending abject poverty and that they can become integral dynamic social investors and drivers of a new revival of sustainable economic growth. Our programme will directly connect insurers to the varying needs of deprived communities by leveraging the business benefits of an AI platform that directly produces phenomenal reductions in insurers' costs by disrupting the bane of insurance fraud, whilst increasing insurer efficiency, and productivity.
The programme extracts a tithe from these insurer business cost savings that are estimated to be an average of £600,000 per year. The unambiguous benefits of the programme will ensure that insurers unequivocally agree to the terms and conditions of the provision of this innovation.
The tithe is to be distributed into deprived communities through our special partnership with a handful of charities, NGO’s, and local trusted stakeholders working in Uganda.
Insurers have routinely developed their business around the sales of premiums that can only be afforded by the elite. Despite an insurance market comprising 29 Insurance companies being 20 non-life or general insurance companies and 9 Life companies, 6 Health Maintenance Organisations, 35 Insurance brokers and 21 Loss Assessors a market said to be worth in excess of UGX 634 Billion, they preside over an abysmal insurance penetration ratio which stands at below 1%?
Insurers are in desperate need of a strong business solution that reduces their costs, increases their efficiency and productivity, and makes them more relevant in the other 99% of their population that make up the majority of their communities. WRBLO have the plan to deliver the solution they so desperately need along with the business growth they seek.
It is the message of that solution and its ability to drive unparalleled and sustained economic growth that we seek your financial assistance to begin.
Insurers in developing countries are beginning to understand that the unethical pursuit of profit at the expense of the poor and vulnerable is no longer acceptable in a globalised hyper-connected world, in which a Billion people subsist on under $1 a day. With your help we can deliver this programme that insurers will want to participate in that is designed to provide deprived communities with their financial protection and economic growth.
Our proof of concept has been assessed and evaluated and is acknowledged as a...
‘Strong and is a sustainable project idea, with a clear execution path that is socially and economically beneficial and presents a comprehensive solution to a major global problem’
‘We rise by lifting others’ is a quotation by Robert Green Ingersoll,
‘Do all the good you can, by all the measure you can, In all the ways you can, in all the places you can, at all the times you can, to all the people you can, as long as ever you can’ is another quotation by John Wesley.
We all stand to benefit by lifting others and doing all the good, we can.
Insurance is a vital component of society and especially those that are vulnerable, who need the benefits of insurance the most. With your help, insurers will become dynamic integral social investors and you will have become a driver of another innovation of tangible social change, so please make a commitment now, whether you are a philanthropic individual or a corporation, you can make a tremendous difference in partnership with us.