Impact of COVID-19 on the insurance sector – Ghana, Malawi and Zimbabwe

Impact of COVID-19 on the insurance sector – Ghana, Malawi and Zimbabwe

30 October, 2020    

The COVID-19 pandemic and accompanying restrictions by many governments across sub-Saharan Africa (SSA) have forced insurance providers, insurance regulators and consumers to rethink how they interact and maintain operations through this period. 

At Cenfri, through our RRI programme funded by FSD Africa, we are identifying and tracking the major challenges faced by both insurance regulators and providers from COVID-19 across SSA and the responses to these challenges.

COVID-19 and the social distancing measures implemented by many governments have adversely affected insurance sectors and their customers around the world. These infographics summarise the impact of COVID-19 on the insurance sectors of Ghana, Malawi and Zimbabwe and the response by regulators and insurers within each of these countries. The infographics are informed by semi-structured interviews with insurance providers and the respective insurance regulators, a quantitative study and extensive desktop research.

Explore the country-level infographics

Zimbabwe Size 951 KB
Malawi Size 2 MB
Ghana Size 2 MB

The infographics were first published on FSD Africa‘s website.  It forms part of the Risk, Remittances and Integrity programme, a partnership between FSD Africa and Cenfri. 

Similar Articles
The evolution of digital payments: New developments, same fundamental questions
From experiencing the informal remittance journey first-hand on the bus to Harare, to unpacking payment system barriers in Côte d’Ivoire and Tog...
Unlocking growth: 3 key opportunities for remittance service providers
Many remittance service providers (RSPs) face a tough balancing act; they’re trying to innovate and grow, but it feels like they’re driving wit...
The Remittance Innovation Toolkit: Guidance on improving access to remittances
There’s no disputing the contribution of migrant remittances to the economic well-being of friends and family back hom...
Supporting the development of a digital finance index
Digital financial services are transforming global financial service provision and access. Rapid developments in fintech are disrupting and transfo...