The IISA has set a five year strategy plan which aims to revive the purpose of the institute which is: to build capacity within the insurance industry through insurance skills development & exposure into insurance as a profession, thereby mitigating skills shortage, improving opportunities for employment & social security thus making a sustainable contribution to the insurance industry and the economy.

The new strategy will be supported by the strategic pillars that were adopted in 2016, these are Intelligent Education, Influential Reputation, Sustainable Membership and Active Networking. In order to implement the strategy, a new vision has been adopted: to provide sustainable skills development platforms within the insurance industry.