This is the report of the South African country study on the impact of regulation on the development of the micro-insurance market. As such it forms part of a larger cross-country study which considers the micro-insurance experience in Colombia, India, the Philippines, South Africa and Uganda with a view to develop a set of guidelines that can assist developing countries to establish a facilitative regulatory environment for micro-insurance. The report describes the regulatory landscape in South Africa as it impacts on the delivery of micro insurance. It then proceeds to analyse the existing market for micro-insurance in South Africa, looking at the nature of the demand, products offered, the spread of current suppliers as well as the methods of distribution employed. Against this background the key drivers – both regulatory and non-regulatory – that have shaped the evolution of the microinsurance market are identified.
A2I, Gates Foundation, IDRC, Cenfri