The Landscape of Microinsurance 2020

Aiste Vysniauskaite's picture

Image: 

A total of 194 insurance providers in 27 countries in Africa, Asia and Latin America and the Caribbean participated in this study. Whereas previous landscape studies have attempted to cover all countries in a region, we have now adopted a methodology which focuses on selected countries across three regions. Although this study is based on data from 2019, it is clear that the trends explored in this report will be impacted by the COVID-19 pandemic.

AXA Mansard: The Case For Insuring Women For A Better Tomorrow

Featured resource

Aiste Vysniauskaite's picture

Image: 

Of the 10 emerging markets that the IFC studied for its 2015 SheforShield report,1 Nigeria had the second highest expected growth rate for women’s insurance. By 2030, the total value for women’s insurance is expected to rise to around N2.9 trillion (approximately $8 billion), which will be 9 to 13 times the value of the premiums in 2013.

 

1st For Women: The Case For Insuring Women For A Better Tomorrow

Aiste Vysniauskaite's picture

Image: 

Insurance penetration in Africa is comparatively low, which makes the region a promising market. In 2016, African insurance premiums totaled $60.7 billion, which was just 1.3 percent of global insurance premiums. This represented an insurance penetration rate of only 2.8 percent, which was lower than the emerging market rate of 3.2 percent, and substantially lower than the global rate of 6.1 percent.

 

Building Inclusive Payment Ecosystems in Tanzania and Ghana

Hugo Fulco's picture

Image: 

Digital financial services (DFS) are transforming the world’s financial sectors. At the heart of this financial transformation is the rise of digital payments services through which nearly any individual or business can send or receive money in real time for almost any purpose and from nearly anywhere in the country—an inclusive payment ecosystem.
 
Across Sub-Saharan Africa, new success stories are playing out, yet little is understood about the approaches many countries in the region have taken to develop inclusive payment ecosystems.

Funding the Frontier: The Link Between Inclusive Insurance Market, Growth and Poverty Reduction in Africa

Featured resource

Cristina's picture

Image: 

This report takes stock of market development indicators across a sample of 15 sub-Saharan African (SSA) countries – chosen to be representative of different regions and stages of market development – to unpack the role that insurance markets play in supporting economic growth. It outlines the transmission mechanisms and the preconditions to fulfilling this role, and how the contribution to growth evolves across different stages of insurance market development.

Pages

Subscribe to RSS - Sub-Saharan Africa