QBE will take part in a national program that promotes economic wellbeing, resilience and inclusion.

The insurer expects to publish this year its proposals to address financial exclusion, after committing to the Financial Inclusion Action Plan (FIAP) initiative.

QBE already runs several initiatives to support vulnerable customers and communities.

“We recognise that there are millions of Australians who are living in, or on the edge of, financial vulnerability or poverty,” QBE Australia Pacific CEO Vivek Bhatia said.

“We believe it is incumbent on us, and other financial services providers, to help improve access to services and help build financial resilience.

“Joining the FIAP program is a natural next step in our commitment to addressing these complex social-economic issues.”