Diaspora Insurance
Our focus and remit is to positively impact and change people’s realities through bespoke global risk management solutions
About Diaspora Insurance
Peace of mind Guaranteed!
Destiny Finance Ltd T/A Diaspora Insurance is a global insurance consultancy firm headquartered in Birmingham, United Kingdom. We specialise in the designing, marketing and distribution of insurance products and risk management solutions targeted at transnational citizens otherwise known as expatriates and Diasporans living and working in developed markets like UK, Australia, EU, North America, Australia and New Zealand.
Our global insurance solutions enable the Diasporans not only to cover themselves abroad but also their families in their countries of origin. In most cases we holistically transfer risk from developing countries to global financial markets.
In the United Kingdom Destiny Finance Ltd T/A Diaspora Insurance is authorised and regulated by the Financial Conduct Authority (FCA) with Registration Number: 795897.
Global Risk Solutions
As Diaspora Insurance we pride ourselves in providing specialist and bespoke insurance products to transnational citizens, Diasporans. Diaspora Insurance products are designed by diasporans to suitably meet the needs of diasporans.
As of 2022, United Nations estimates that over 281 million people live outside their countries of birth. Of the 67 million UK population, 15% of them, that is, 10.4 million are foreign born. Diasporans’ personal and family protection needs especially when it comes to funeral insurance are diverse and complex. At Diaspora Insurance, your global family protection needs are our sole focus. Our people are trained to deliver exceptional customer service at every point of contact.
Reputable Underwriters
Diaspora Insurance is the distributor of the bespoke Diaspora Funeral Cash Plan which is available as Single Plan, Family Plan, Group Plan like COS Funeral Scheme and Diaspora Students Shield.
Global migration invariably creates peculiar family protection needs. For years the insurance industry has chosen to focus on the mass market ignoring the specialist Diasporas niche market. At Diaspora Insurance we chose to be different and continue to create bespoke risk management solutions that are anchored on the global strengths of our underwriters and re-insurers. Our global capacity means that we can holistically mitigate and transfer risk from excluded and marginalised communities into global financial markets. We continue to be encouraged and motivated by the impact that our products continue to have in solving some age-old community problems like diaspora deaths.
The Diaspora Funeral Cash Plan is underwritten by Guardrisk Life International Limited based in Ebene, Mauritius and re-insured by Africa Re and FM Re.
The Financial Services Commission, Mauritius (the ‘FSC’) is the integrated regulator for the non-bank financial services sector and global business and on 01 Jan 2016 the FSC launched the Insurance Industry Compensation Fund (IICF) which is benchmarked on UK standards and designed to protect consumers.