Briefing Paper: Managing risks (more) effectively: Rethinking insurance for MSMEs

Micro, small and medium enterprises (MSMEs) account for 90% of businesses and are a source of more than 50% of employment worldwide. Should they suffer risks, the implications for livelihoods and economic activity are severe. Yet only 2% of MSMEs in Sub-Saharan Africa have insurance and most of that is personal rather than business insurance. Many MSMEs are overlooked by banks and insurers that target large corporate businesses, as well as by...