Why is Agency Banking the Silver Bullet for Financial Inclusion?

PREETY PARANJAPE | April 10, 2018

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According to a report by The World Bank, an estimated 2 billion adults worldwide don’t have a basic account.  Governments across the world are focusing on expediting financial inclusion to eradicate poverty and provide economic stability to all. However, 59% of unbanked adults cite unavailability of affordable banking services as the key reason for not having an account. Lack of banking services in rural areas or a tiresome documentation/onboarding processes are some other notable roadblocks.

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Philadelphia Insurance Companies is an A++ rated, debt free carrier that designs, markets and underwrites commercial packages and professional liability insurance for select target markets. We are corporately based in Philadelphia and have 49 offices nationwide. Philadelphia Insurance Companies is a Ward's Top 50 carrier, one of the Top 150 Workplaces in the country, and rated as a Best Place to Work in Insurance by Business Insurance since 2010.

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