Catalysing access to financial services following COVID-19
Technology is transforming global financial services. Across Africa, it has tremendous potential to address market challenges such as scale and customer experience. This offers opportunities for everyone, not least the consumer, as technology can help deepen access to financial services especially light of the COVID- 19 crisis. The global pandemic has far-reaching Consequences for the financial sector in general including the insurance sector.
In times of crisis, supervisors and regulators recognise the opportunity that innovation offers and are taking proactive steps to catalyse the role of technology across financial services. The insurance sector is no exception. However, from both an industry and regulatory perspective, many challenges that currently limit innovation and scale remain. What are some of these challenges from the consumer perspective? e.g. how are claims payments and remote customer onboarding being dealt with? How can fintech companies, insurers and regulators collaborate to promote access to insurance and deepen financial services across Africa?
This event will take place on 15th October from 13h00-16h00 CEST. It will be hosted by the Access to Insurance Initiative (A2ii), the United Kingdom’s Department for International Trade (DIT), FSD Africa, the International Association of Insurance Supervisors (IAIS) and the UK-Nigeria Tech Hub.